The 56 Point TA; Charts With an Attitude Message Board

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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: Esteban who wrote (10045)	1/5/1998 11:39:00 AM
From: Doug R	Read Replies (1) of 79180

Esteban, Long day yesterday. I reallyoverslept. A luxury I take advantage of too often. Anyway, I was suggesting the 15 minute charts for the RSI/BB and using the daily trendline for the decision point. Oversold RSI would be below 30 with the lower BB within 10% of price. It looks very workable but requires a bit of diligence. The only other solution to avoiding early exit would be to keep the 1 or 2 tick below the signal day stop for the first 2 or 3 days then revert to the trendline violation exit strategy. Refinement of exit is definitely needed here. I'm sure we'll come up with something. Doug R

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