Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 692.76

+0.5%

Jan 26 4:00 PM EST

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To: Dr. Stoxx who started this subject	5/16/2001 9:42:40 PM
From: Dr. Stoxx	Read Replies (2) of 39683

Pullbacks, Pullbacks If we are indeed in a Fed-induced rally mode (and I am coming round to the idea that we are in for a really nice summer of long trading, but only after a brief but scary selloff at some point in the very near future), then I plan on going back to the BTTT-Classic strategy (long) of playing pullbacks. Here SMA's are the key: 20, 40/50, and 200. This strategy requires a) trend analysis, and b) entry buy signals. Generally it works like this (on any time frame; 5-min. for daytrades, hourly for swingtrades; and daily for position trades): -screen for stocks in an uptrend using any one of the following: bullish MACD crossover below the 0-line (I prefer using a 12-26-9 setup, but others work as well); short/longterm MAX (18/40 is used by Van Nice; 15/50 also works well); or simply an upsloping 20MA... -enter with positive uptrend indicated using a leading oscillator (I prefer Stoch. at 14); or MOC on a close above a trading MA, like either 20 or 50... -exit on the bearish oscillator signal; or MOC on a close below a trading MA... This chart of BRCD shows 2 such long signals: one in early March, which was a false signal for a small loss (MACD went green early March, with a Stoch. buy signal) and again early April for 20+ points! Chart: 207.61.23.99 TC

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