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Strategies & Market Trends : Befriend the Trend Trading
SPY 685.66+0.2%4:00 PM EST

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To: Ken Adams who wrote (38158)10/11/2005 2:54:36 PM
From: utilityman2  Read Replies (1) of 39683
 
hi ken, sounds like you're doing ok with this system. a couple questions if you don't mind - do you enter mid-candle or like max, wait for end of 5 min period & a candle color in your favor? or maybe you switch to a 1 min chart for entry once the 5 provides your signal? also, are your stops tight as i would think you have to deal with quite a few whipsaws where the trade moves against you for a while (or do you just wait for the signal to change back for your stops & exits? and, does the doctor approve of this system??? thanks p.s. i see a short signal occurred a bit ago which seemed to get whip-sawed pretty bad but is ok now
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