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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Atin who wrote (42319)	12/16/2000 10:26:09 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

Several ways. Stops for one thing. If I'm pretty certain I'm trading with the trend I'll use the possible Double Bottom on a 30 minute as a Stop. If I'm not trading with the trend then the same but on a 5 minute. I'll look for High/Low Poles. Columns of 20 and more, normal PnF stuff. More confirmations than signals. The moving average is new to me, don't know whether to consider crossovers as signals or not yet. It helps me because I might be looking at a stochastic on a bar chart and consider an Entry but the PnF Chart may show me weakness/strength that the sto will not. That is to say, the PnF chart may tell me that the market has started to trend before I see it using a bar chart. That's me, someone else may not visualize it in the manner that I do. Another may see a trend forming on a bar chart that escapes my notice. If you look at a daily bar chart of the CD01H and a daily PnF chart you may get different reads. I think the PnF Chart of the CD01H shows more potential underlying strength than the bar chart does and I can quickly decide whether or not the market is breaking out or breaking down before my trade goes underwater. I'm Long there from around 65^20, plus scalping it Long since the low 64 range.