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Strategies & Market Trends : NetCurrents NTCS

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To: macavity who wrote (5626)	2/11/2001 6:29:06 PM
From: Michael Watkins	Read Replies (1) of 8925

macavity, Thanks for sharing your approach. It seems like you have a good one, using multiple time frames to establish the more important trends and then using your tool (stochastics, amoung other things I'd imagine) to time entry. I caught your comment on being too 'early' - I think that's a common problem for many; not passing judgement or anything please believe me, because I've been-there, done-that and I'm sure many people can empathize or find parallels in their own trading. It seems that the desire to avoid missing a run is as much a part of the 'fear' part of the greed/fear equation as is the fear of giving up gains. PS, a question: Do you only trade in the direction of the dominant trend? I.e. if its going up, you'll wait for oversold and then buy? If its going down, you'll wait for overbought and then sell short? Thanks for the thoughtful response and discussion on the oversold, overbought concepts. PSPS, thanks for reminding me about the Stomaster link. I'd be interested in learning which signal he takes when stochastic has issued numerous signals in a short time span. Mike

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