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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Doug R who wrote (10401)1/11/1998 12:48:00 PM
From: Esteban  Read Replies (2) of 79260
 
Doug,

Re:I'm ready to focus on impending signal days and work the trade for what the trendline or the stoploss gives and treat it by the book. It's more businesslike that way IMO.

So I have it clear and can report accurately on your method for trading PGDCEB signals, let me summarize my understanding of you exit points.

1) If the stock price falls to a point below the low of the signal day at any point in time after the signal, you sell.

2) If 1 above does not occurr within the first 3 post signal days, you will draw the steepest possible trendline that connects 2 or more daily lows and sell upon the break of this line, even intraday.

Is the method?
Do you still like the BB and RSI method?

Ivan. What is your exit method, purrxactly?

Esteban
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