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


To: CatLady who wrote (8107)6/7/2000 11:58:00 AM
From: jesso  Read Replies (1) | Respond to of 39683
 
What about comparing the range of the last x bars to the range of x bars at some point in the past, based on a percentage of the stock price? If the average weekly range for some period in the past was 30% of the stock price and now the average weekly range is only 5% then you might want to stop trading it for awhile.



To: CatLady who wrote (8107)6/7/2000 12:12:00 PM
From: bozwood  Respond to of 39683
 
The lag on the ADX may not matter. It could be used to screen, for instance, for stocks that remain above say 30 on a daily basis. This would indicate some sort of trendiness.

Jonathan



To: CatLady who wrote (8107)6/7/2000 12:24:00 PM
From: Robert H.  Read Replies (1) | Respond to of 39683
 
Cat,

No such thing as a wimp in this market. I'm staying short as it feels like another "Drift Until They Drop Day".

Just shorted AFCI @ 57 9/16. ...Not on watch list and not a BTT-MAX, but CEO just on tube pumping it. Chart looks weak. Time will tell.

The MACD will help to do some filtering on the 60M chart.

Good luck today.

Robert



To: CatLady who wrote (8107)6/7/2000 12:29:00 PM
From: xcr600  Respond to of 39683
 
I cut down on mine too. Not sure what the MSFT ruling will mean for the markets later.

Bue here in lies the problem with this system. It is very mechanical and straightforward, but emotionality will take you out of positions possibly too soon.