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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Richard Estes who wrote (9262)	2/13/1999 12:11:00 AM
From: Stuart T	Read Replies (1) \| Respond to of 12039

I have been investing for a few years, trading for about 5 months. Using MSWIN, TC2000 and Stockedge. I'm primarily doing position trading. A full-time job puts somewhat of a limit on intraday trading, although I check the market a lot. I try to plan a trade before I enter it. I write down why I got into the trade, what my bottom will be when I get out and a projection as to how high I think it will go up. For projections on the upside I usually look at a recent valley and project that amount to the topside. I also look at the current trend of the stock and try to project it forward. I question the accuracy of my profit projections (they don't always pan out) and end up taking profits too early (which isn't all that bad). While your suggestion would get me in and out it doesn't help me project a realistic price target before going in which may limit me from coming out too early. Since I can't watch the screen all day and some intraday moves can be substantial, I'm trying to find a better way to come up with an upside target. Thanks

To: Richard Estes who wrote (9262)	2/13/1999 12:57:00 AM
From: Craig DeHaan	Read Replies (1) \| Respond to of 12039

Richard, You've mentioned here lately that market volatility beginning in '97 encouraged you to modify your original preferred time frame. Are position trades less productive for you based on system indicator sets or just not as effective vs. rt setups that, in judicious hands, might better adapt to profit from extreme conditions? In making the transition did you completely retool or just modified variations on faithful themes -- 5-min bars vs day bars, etc. 89EMAs TSFs, MACD(13,34,89), Dahl are great tools for positions, but in real time do they get the job done? For someone who swears off StochRSIs I can't imagine what other tricks you have up your sleeve. BTW, thanks for CCI(13) from all us quicker trigger position fans; that one always seemed a bit radical coming for a methodist like yourself ;) Craig