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

To: darvasdarvas who wrote (16314)	2/25/2001 6:07:11 PM
From: Dr. Stoxx	Respond to of 39683

Did the dancer buy himself an SI sub.? TC

To: darvasdarvas who wrote (16314)	2/25/2001 6:07:13 PM
From: dougbishop	Read Replies (2) \| Respond to of 39683

Can you quantify the definition of "52 week breakout"? TIA, D.

To: darvasdarvas who wrote (16314)	2/25/2001 10:31:24 PM
From: MechanicalMethod	Read Replies (1) \| Respond to of 39683

DarvasDarvas, I like your system particularly because the rules are clear. if marketPosition > 0 then begin ...if L < entryPrice * .95 then exitLong at market; ...if barsSinceEntry = 3 then exitLong at open; end; It's a bit more tedious than that because there's exceptions {bugs} and that's just the exit but it's the exit that interests me. Here's what I've heard: var: trendUp(false), top(0), bottom(0), pyramid(false), shadow(0); if h > highest(h,250) then trendUp=true; if trendUp=true then begin ...if marketPosition=0 then buy next bar at open; ...if h > highest(h,3) then pyramid=true else pyramid=false; ...if h > highest(h,3) then top = h; ...if h < highest(h,3) and L < lowest(L,3) then bottom=L; {bug} ...shadow = .95 * bottom; ...if L < shadow then trendUp=false; {?} end; if marketPosition > 0 then begin ...if trendUp=true and pyramid=true then buy next bar at open; ...if L < shadow then exitLong stop at shadow; ...if trendUp=false then exitLong at market: end;