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


To: Craig DeHaan who wrote (9267)2/13/1999 2:28:00 AM
From: Richard Estes  Respond to of 12039
 
I have brought a number of my position trade indicators to RT. MACD(13,34,89), 89 ema with 8 day lead, etc to the 10 tick or 5 min chart. I use Ensign with DTN, it has a full toolbox of Gann/fib, etc. It is the best RT charting capability out there bar none with the best customer support I have ever seen. But I can't use all of the position tools, some day I will because of the flexibility of Ensign management.

When the market has stocks with a range of 10 to 20% a day, it forces you to the shorter term. But the person who works the position trade can profit still if he waits for right entry. RT has always provided the opportunity for intraday profits, now due to volatlity it has increased. It was there or as wide spread before. Where does it come from? the public becoming a part of the game by the net.

I am a radical conservative that goes to bed and wakes up hating the democrats. I do my stock selections in EOD software, I use the RT for entry/exit. But day and short term trading isn't for beginners, it can just cause them to lose money faster.