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Strategies & Market Trends : Befriend the Trend Trading
SPY 690.38+0.4%Dec 24 4:00 PM EST

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To: Dr. Stoxx who wrote (39609)12/11/2008 12:36:25 PM
From: PB2TT  Read Replies (2) of 39683
 
TC,

On the second read-through I decided to take a closer look at your casual mention of BTTT-MAX so I googled it and it led to the pages on this forum.

I'm pretty much following it verbatim on the SKF / UYG pair with very small trade sizes. 5 EMA / 8 SMA crosses, stochastic / OBV as confirmation, and entry on trend-confirming candle after the crossover. I also just went through Tharp's Ch 14 on position sizing last night as you discuss in your book and it was very insightful.

I'm hoping to have a clearly defined system to use by the end of Jan when my severance check hits. Right now I'm trying to wrap my hands around the money management and psychology aspects of trading as I'm sensing a recurring theme that these are some of the most important but often overlooked areas.

LH
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