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

To: Ken Adams who wrote (38211)	10/18/2005 11:38:51 AM
From: beckya	Read Replies (1) \| Respond to of 39683

Ken, You may want to try it sometime with 1 contract or in the alternative paper trade it, to see how it works. Another thing is to set a loss limit that you would be willing to apply to the position. The toughest time for me is early in the trade where its not yet clear if a trend is developing. I'm always asking: How much loss am I willing to tolerate? Also, watch how the trade handles strength and weakness, up and down, inside a signal. I use a MAX approach mainly on big trending days where the up and down trends develop early and where attempts to rally or turn the other way falter. In addition, the MAX approach need not be limited to hourly charts, other time frames might work as well or even better.