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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (6345)	6/29/2010 7:58:47 AM
From: GROUND ZERO™	Respond to of 222561

Excellent question, and thanks for asking... I take action as soon as the signal is triggered, i.e., when the market broke below 1062.50 I was stopped into the short position... and then I keep the position if/when the signal is confirmed... I never wait for the confirmation, nor is it recommended... one should take the position ASAP when the trigger price is breached... very often by the time the market closes, the market could already be very far from the signal price... so, the trade should be entered as soon as the signal is given and not wait for the close... GZ