Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

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Jan 21 4:00 PM EST

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To: Ken Adams who wrote (3055)	2/13/1999 4:04:00 PM
From: Dr. Stoxx	Read Replies (2) of 39683

Ken, Your strategy concerning buy-stops is exactly what Elder recommends. Find strongly trending markets (PCMS is certainly in an uptrend) that have corrected significantly enough to put the oscillators (like Stoch.) into oversold territory. Once there, place buy-stops just above the previous day's high. Once stopped in, set a stop loss just below the previous day's low, and trail it up. My only contention with Elder's strategy is a conservative one: I would rather wait until the beginnings of a continuation can be established. BTW: what broker do you use to set buy-stops? None I've ever used have this feature. TC.

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