Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 123 Trends and Reversals -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (18)	1/30/2001 2:57:37 PM
From: Ally	Read Replies (1) \| Respond to of 147

Michael: I'm also glad I came across Teresa's web-site and trading approach when I wanted to foray into the TA world. T's approach makes a lot of sense to me.... pure chart reading in gauging supply and demand, and setting incremental targets. I've never thought that trading could be mechanized and sold as "systems". There are too many variables and their permutations thereof. A permutation that works today could easily not work tomorrow. Case in point: markets soar when Greenie cut rates the first time. Markets may indeed fall when Greenie does the same tomorrow. The only observation I have on T's approach is that it is too conservative for me. Waiting for bars retracement before entering a trade requires too much waiting arouond. I need adrenaline fixes quick on days I trade. The downside to this is I could be entering trades with too much risk. However, hopefully this risk is reduced by "must" stops. The upside to this is bigger profits. Time frames is another issue. I've decided not to do daytrading as my objective. Rather, i would let a stop speak for itself.... so a trade could range hours, or days, or even weeks. I'm better at looking at daily charts rather than minute by minute charts. Also, looking back the past few months, the profits would have been meatier had I not close trades too early.