Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 689.23

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Jan 23 4:00 PM EST

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To: Knyyt who wrote (14408)	1/6/2001 5:02:36 PM
From: Dr. Stoxx	Read Replies (1) of 39683

Knyyt, We had some discussion here about using a 3rd MA to screen out false or weak signals. Beckya was an advocate of this, as I recall, though she used the third, I think, as part of the MAX signal itself (5/8/20). Some other thoughts: -check the daily chart for the dominant trend and trade only in that direction; e.g. most of our watchlist is currently trending down strongly so one would take only short signals until a base was established on the daily chart (higher low followed by higher high) -in daily charts showing a horizontal channel (BEAS is close to this) trade both ways -or: trade full strength in the direction of the dominant trend, and trade half strength or less in the direction of the correction -instead of using stops to exit, try setting profit targets based on areas of support/resistance... TC

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