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 : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (16440)	3/2/2001 10:49:01 PM
From: smchan	Respond to of 39683

Hmmm... we've discussed that before WS. Only ideas we could come up with was to write your own using a brokerage with an API like myTrade, for example. As an alternative, we've also discussed setting up alerts to page or email you when a signal is possibly coming up so you could take a look and make the trade. Sam

To: Walkingshadow who wrote (16440)	3/2/2001 10:49:01 PM
From: smchan	Read Replies (1) \| Respond to of 39683

QQQ trade system results this week... Summary: A lot of work for not much profit. 30m did better than 15m for a lot less work. Some ideas I have for optimizing the system include a pyramid system that exits part of the position on a small scalp (say 1/4 to 1/2 point) and swings the rest, trading only in the direction of the trend (only take 15m longs when 30m is long for example), and using trailing stops once the position is in the money. Tough week overall I'd say unless you were nimble and quick. Big candles on the QQQ chart suggest some serious mania (both ways) in the market. My observation is that the stocK5 optimization is a good one. I will stick with it for now. Since several have asked, I'll try to write up the formal rules this weekend and post here. tenlights.com tenlights.com Sam 15m QQQ 2/23 49.62 long 2/26 50.97 stocK5 exit (52.54 high), +1.35, +2.92 2/26 50.82 short 2/26 51.55 stock5 cover (50.68 low), -0.73, +0.14 2/27 52.10 long 2/27 51.40 stocK5 exit (52.35 high), -0.70, +0.25 2/27 50.68 short 2/27 51.06 stocK5 cover (50.13 low), -0.38, +0.55 2/27 51.00 long (51.14 high) 2/27 50.30 short, -0.70, +0.14 2/28 49.98 stocK cover (48.60 low), +0.32, +1.70 2/28 49.05 stocK short re-entry 2/28 48.20 stocK cover (47.15 low), +0.85, +1.90 2/28 48.40 long 2/28 47.75 stocK5 exit (48.95 high), -0.65, +0.55 2/28 47.25 short 3/01 47.20 stocK5 cover (46.76 low), +0.05, +0.49 3/01 46.71 stocK5 short re-entry 3/01 46.95 stocK5 cover (45.75 low), -0.24, +1.20 3/01 47.03 long 3/02 47.20 stocK5 exit (49.20 high), +0.17, +2.17 3/02 47.39 short 3/02 47.50 stocK5 cover (47.00 low), -0.11, +0.39 3/02 48.40 long 3/02 48.37 stocK5 exit (49.63 high), -0.03, +1.23 3/02 48.37 short still open (46.65 low, 46.67 close), +1.60, +1.62 1.50 total points(including open position) 15.11 max possible points (including open position) 30m QQQ 2/23 50.00 long 2/26 50.85 stocK5 exit (52.60 high), +0.85, +2.60 2/26 50.75 short, +0.75 3/01 46.88 stocK5 exit (45.75 low), +3.87, +5.00 3/01 48.22 long, +2.28 3/02 47.20 stocK5 exit (49.20 high), -1.02, +0.98 3/02 47.40 short (49.63 high), -0.82, +1.41 3/02 46.67 still open (46.65 low), +0.77, +0.79 3.65 points using stocK5 9.37 points max using stocK5 2.98 not using stocK5