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

To: Stuart T who wrote (9265)	2/13/1999 1:40:00 AM
From: Richard Estes	Read Replies (2) \| Respond to of 12039

Well, you have the tools. Target projections are predicting. Any one that has tried to predict knows how hard that is. it may be an educated guess, I use Gann/Fibonacci/Ewaves for that. These things require study and work to understand them. When would you decide to get out if it didn't reach your target? I can't fault what you are doing, if it brings on profits. But if you use an objective system and it told you to get out, forget the target. Remember whatever you choose, you have tested and you trust it. It is your system. Not watching the screen says use hard stop losses. Have you farmed the the TA-indicators and systems topic or andy's index for custom indicators, or Equis site for their formulas and systems? What indicators do you use for entry? I see Elder's book mentioned, it is good for mindset, but as little value for indicators. It is mainly for futures, I am not aware of his being a active trader. I think it should be read but go elsewhere for TA information.