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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Tom Trader who wrote (14447)2/2/1999 9:52:00 AM
From: Chip McVickar  Read Replies (1) of 44573
 
Good Morning Tom,
Just catching up here

I don't know yet if there are any other measures of momentum
that will suppliment the Fork reads.

In my work here, I've both position traded and day traded.
I've carried a number of trades [paper] over weeks and have watched
my reaction to holding them and also the market signals to sell them.
Sometimes at critical points...I've added to the positions.

But I have not yet Mastered the correct time to sell.

When to sell is a problem of momentum and a problem of chart readings.
Knowing when cycle trends are realy breaking down is an art in and of itself.
This is where my next concentration is going.

I buy these long positions, hold them and have not quite learned yet
when to trade out...to capture cycle endings. I waist points by not
catching the signals.

Now day trading is some what similar and faster and everything that
relates to position trading with forks can be applied to 2-3 days
and also interday. I've held positions for a few days trying to watch
momentum break downs and using what I thought were logical sells points.
For the most part I waist points....but I'm getting better and have
caught some significant winners both up and down.

Both have different measures of momentum, but also this momentum
breaks down with similarities. Forks help define the containment
of the markets moves, they also show when momentum is breaking down.
But not apparently completly.
Other confirming factors of momentum reversals is needed.

But you are correct....if the underlined reason for holding long
position trades is trending up....I should error to the upside.
Thanks
Chip
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