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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: - who wrote (1172)	6/20/1999 8:02:00 PM
From: keith massey	Read Replies (2) \| Respond to of 18137

STOPs Another good way to set trailing stops for longer term trades, is to use the "ATR" indicator (Average True Range) I did a lot of paper testing of different trailing stop methods including ATR and Parabolic SAR. I found that using the ART of visually finding support and resistance level worked better than any math indicator. I look at the 20 Period EMA, Fib level, BB's, candlesticks, trendlines, and of course the past support/resistance levels and use a little hocus pocus and come up with a level. I don't think this method can be taught but has to be learn from years of experience. Of course you have to be comfortable with your knowledge to trade this way but I find it works best for myself. Best Regards KEITH