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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Stoxx who wrote (6866)	5/7/2000 4:49:00 PM
From: Ken Adams	Read Replies (2) \| Respond to of 39683

TC, I hesitated to even do this, but since my afternoon martini is making me less cautious, I'll throw out the following. Please understand, I'm not trying to upstage you with your tremendous trading success, but I wondered how my OBV method would measure up to your success with recent DIGL trades. I went to ASK Research and using their intraday charts I set my parameters to 30 minute candles (they don't offer 60 minute bars) and OBV in the bottom pane. I used their largest size chart (1028x768) to get max detail. Again, this is through the benefit of hindsight and the realization that this is far from what real time might have produced. I've also allowed $20 for round turn commissions and I "think" I've been liberal (I hate that word) in what I believe could have been trading numbers. As ASK will only give me chart data for last week (5 days) that's all I can talk about. Here's how it may have looked: Coming into the week short. I just assumed short at 71. My notes from early last week suggest this is a reasonable place to start with all this. So.... 1. Short: 71 to 64.5 = $1280 2. Long: 64.5 to 66.5 = $380 3. Short: 66.5 to 58.625 = $1555 4. Long: 58.625 to 61.5 = $555 5. Short: 61.5 to 57 = $880 6. Long: 57 to 65.75 = $1730 7. Short: 65.75 to 63.5 = $430 8. Long: 63.5 to 67 = $680 9. Short: 67 to 65 = $380 10. Long: 65... looking forward to Monday. All in all, a nice week of about $7870. Now, what's wrong with this picture? As is your situation, I can't watch the market full time. Until I can, all this is smoke and mirrors as far as I'm concerned. But... and this is important to me, when I've been able to trade like this for even a few hours in a day, it can work! So, the logical question from doubters is "why don't you quit and do it full time?" Answer is, I'm thinking about it. But, at the same time, I'm no kid. I can retire full time in less than 17 months. All the benefits that go along with that. I'm semi retired right now, but must show up at the office for 3-4 hours a day... right in the middle of the trading day. Problem! Meanwhile, I'm having fun. Ken

To: Dr. Stoxx who wrote (6866)	5/7/2000 7:15:00 PM
From: drsvelte	Read Replies (1) \| Respond to of 39683

Hi Thomas... Somehow over the past few months I un-bookmarked this thread and just had a epiphany of sorts when you posted the DIGL results on another thread I follow. Neat ideas. It looks to me that the 5/8 SMA crossover is signalling a sell on DIGL as of the close on Friday. Is this your reading? FWIW, I use e-signal RT feed with Tradewind as my charting package. I also have IQ suites and would recommend it to anyone wanting cheap RT charts. One big caveat...I think they are having some problems accounting for splits thus making indicators for these stocks spurious.