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 : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (1352)	7/8/1998 11:12:00 AM
From: Nemer	Read Replies (1) \| Respond to of 44573

Over the past year and a half, I've totally changed my investment style due to the BBx. ------>I don't know if you are re-optimizing or not. Adjusting MAs as the day goes on seems different, somehow. Euclid adjusts the depiction of MAs with each up/down tick. //////The BBx doesn't necessarily use MA, although it does use them. So I feel that it does fit into the re/op catagory, although the semantics aren't worth haggling over.////// ------->In any event, the prime purpose of the system will be to suggest likely daily behaviour, not intraday stuff. I cannot trust a program to tell me something I sense I know already. It would be counter to my own decision making. Suppose it disagreed with me, then where would I be? /////// Unless the system could claim STRONG Gaelic logic, hit you about the head and shoulders with a lagre shalelligh, and then buy you a round, ------ IT would be SOL........ ggggg -------->The purpose of the system, therefore, will be just to suggest a bias for the trading day, nothing more. ////////// In the past I would buy according to the forecast from the BBx on an individual equity and the resultant actions would occur ---- ......1) potential loss was set according to support level forecast ......2) potential profit was let to run according to the movable #1 ......3) short term positions could turn into long term positions only by usage of above 2 rules. This resulted in what I call position trading, even though it turned into daytrading occasionally. Now I daytrade the OEX. But I basically use the same rules as above ....... except there is NO overnight hold. I can now leave the daily market watching for periods of time and not feel uncomfortable or worried. I trade when it's handy for my schedule. My long term core holdings have sell points set daily with the broker and he has freedom to use a predetermined 8% drop if he doesn't hear from me. Makes my old age more comfortable. BTW ----- Marilyn is going to retire next year and at that point the rules WILL change ...... GGGGGG Regards --- Nemer