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

To: Dr. Stoxx who wrote (2676)	1/19/1999 8:41:00 PM
From: Ken Adams	Respond to of 39683

TC, I think you're right about sticking with those parameters that have treated you well in the past, no matter where they come from. I've used WOW for virtually all profitable trades. Of course, WOW was there for all the losers, as well. None is perfect. I entered a position in ENZN this morning. A limit order at 14.875 with price a tick above that. I left the machine and went to the office. Not sure when it filled, as I couldn't get back to it until well after the close. However, it closed at my entry price. Still looks OK to me, but will watch closely, as usual. Also did well with my DRI position today. It has started to move, and was up 1-1/16 on the day to close at 19-13/16. I now have a 10.4% gain and will place a protective stop on it in the morning. I need to look at my chart to determine the correct placement. About 18.625 looks like it will be pretty good. If it's going to go for more, I want to have as much of that as I can get. I've held this one too long to quit now. But, the stop will protect me against giving a nice gain back to the street. Let 'er run! Congrats on drawing attention to your methodology from the WSJ! You've earned it. Ken