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

To: Dr. Stoxx who wrote (7190)	5/18/2000 4:59:00 PM
From: Dr. Stoxx	Respond to of 39683

Another thought on improving the system (as if it needed it), by way of money management: 1. check 13MA on daily charts for direction of the short-term trend (simple eye-balling...up or down...) 2. use 5/8 crossover system on hourly charts, as usual 3. but: if present position is against the daily ST trend, apply a 3% profit rule: sell half the position at 3% profit and the other half at the signal 4. if present position is with the daily ST trend, trade as usual. Just a thought. But believe me, right now everything is working so well, I have no great desire to change ANYTHING! TC

To: Dr. Stoxx who wrote (7190)	5/19/2000 10:24:00 AM
From: Dr. Stoxx	Read Replies (1) \| Respond to of 39683

SAWS PORTFOLIO (NEW) (for the benefit of new lurkers) Started trading SAWS today with a 5/8 crossover signal going short at $59 (filled at 58.875). Backtesting initiated: 4/28/2000 Buy-and-hold price: $45 Initial Trade Size: 200 shares Account Size: $4500 margined Link to Chart: 207.61.23.98. Real Cash initiated: 5/18/2000 Buy-and-hold price: $59 Initial Trade Size: 200 shares Account Size: $5900 margined 1. Long: 45 to 53.75 = $1730 2. Short: 53.75 to 52.5 = $230 3. Long: 52.5 to 53 = $80 4. Short: 53 to 46.25 = $1330 5. Long: 46.25 to 45 = ($270) 6. Short: 45 to 45.75 = ($170) 7. Long: 45.75 to 59 = $2630 the following trades are with real cash 8. Short: 58.875 to...drop like a rock, SAWS! Total Return: $5560 (123.5% in 15 trading days!) Buy-and-hold Return: 31% (not bad, really) TC.