Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

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To: drsvelte who wrote (2541)	1/3/1999 3:07:00 PM
From: Ken Adams	Read Replies (2) of 39683

dr... I think TC would argue that the BTTT system is only "partially" based on stochastics. For my part, it is not high on my list of important indicators. My most successful picks have come from a scan I run that looks for price and OBV breaking to new highs. I can set the look back period to any value I choose, depending on market conditions. The picks I posted recently came from a 6 month look back. I also like your idea of placing a high value on accumulation. If it isn't being bought, there is no reason to try to play it. IBD is a good source of this info, as you pointed out. Out of curiosity, how long do you usually stay with a position, and do you use stops to take you out? This is what I prefer. Ken

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