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

To: Dr. Stoxx who wrote (8941)	7/11/2000 4:46:24 PM
From: booters	Respond to of 39683

TC, Just a couple of comments that may trigger some ideas for ya'll to test. One, in all the testing I have ever done, if a stop was used it always reduced the profits. Not to say one of you couldn't do it better but I've never seen it work. Another idea that some of your comments about how to trade the open brought to mind. Years ago I did alot of testing using the open instead of the close of the previous day as the trigger point. All the testing was in the futures market but it turned out to be the key to our most profitable systems. Almost all of them were reversal systems and worked something like this: If long BVSN and it opens and moves down 1 1/2 points reverse and go short. Stay short all day. Next day look for open and a move up 1 1/2 points, if it doesn't then stay short. Seems to me the reversal point was usually around 10% of the average daily movement but I could be wrong. Sounds ridiculously simple but most of the good systems are. Could probably add a filter to it, something like don't trade against the 5/8 ma or the STOCH signal. Should be very easy for you to test on the systems you are using. By the way, the more volatile the stock the better. Just some ideas, boots