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

To: Jimm2 who wrote (2604)	1/14/1999 9:40:00 AM
From: Ken Adams	Read Replies (2) \| Respond to of 39683

Hi Jim, Welcome to BTTT. Thomas will be along any time now to give you his welcome. He's the Major Domo around here. The stocks on my list this morning came from scans I ran against the entire market. These came from about 4 previous scans that found stocks breaking to new 6 month price highs, accompanied by the same for OBV. The oldest scan was run after the close 12/18/98 and the last scan was on 01/08/99. Good signals tend to come from these scans several days to a couple of weeks after the breakout. Seems price tends to settle back a little following a breakout. I like to watch for this and hope to catch a quick little 10% move on the bounce. TC is much better at his timing than I am. Pay attention to him. Glad you found us. What's this "former" stuff? Get back in! Ken

To: Jimm2 who wrote (2604)	1/14/1999 3:14:00 PM
From: Dr. Stoxx	Read Replies (1) \| Respond to of 39683

Hi Jimm2, and welcome also! We look forward to your contributions in the future. You have probably learned that the BTTT system is simple, and that there are not any set screens we use, but instead we look for stocks making new highs in the last 3-6 months, or new lows, that are basing or pulling back in the short term. Technical indicators are then applied to time the entry as the trend resumes, and to the exit as it begins to fade again. Ken praises me too highly about timing: I am finding that I am rather good at finding the right trade (about half the battle), and getting in at a reasonable level, but either hold too long to the bad ones or let go too soon of the good ones. But I, and we, are all learning here, and that makes even the losses valuable. As for me, I try to call out trades as I come across them. Not all of them I trade myself. It depends on cash on hand. I don't use any charting software, or have a data provider. I log in to several free sites for ideas, read several SI threads, check on rec's. given to me by friends (who themselves are successful traders), and every Saturday buy the IBD to scan for New Highs and EPS strength. As for results, it all seems to be working. We're not retiring anytime soon, but we sure are beating the heck out of the mutual funds I hold. Good luck, TC.