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

To: Dr. Stoxx who wrote (3329)	3/15/1999 8:12:00 PM
From: Mike Learner	Read Replies (1) \| Respond to of 39683

TC, I am also glad that I can participate on this thread. You nailed great points: 1) "Yes, I am looking to go back to my habitual form of trading, which is taking positions in trending stocks for a period of 2-8 weeks, catching the big waves,ignoring the ripples, and generally sleeping better at night.", 2) "Recently I have been working with hourly charts, trading in and out on signals given by Stoch. and moving average crosses, but this requires way too much oversight, and exacts far too heavy a price in anxiety. I caught a nice double wave in AMCC 4 weeks ago, riding it up for about 5 points, and then down for 6 more, all in a week! But then I lost most of that in the following week as the stock went into consolidation.", 3) The "ulcer factor" is too prominent in such short-term trading. So I am back to the dailies, and even weeklies, and going with the BIG TREND, not the little ones." and 4) "There is big money in the hourly charts, but greed is currently off my list of motivating factors...I'm in this for a better life for wife and daughter....". We may find these 10 great up-trend stocks with average volume over 1,000,000 (low volume stocks can not be trusted), preferably in different sectors with different price range that their charts display their huge up price movements on signals given by Stoch. Once in, we stay till the exit signal is clearly given and get back in after its short term correction. This will be position trading and it may become long term investment at times! Check these out: timely.com timely.com timely.com These stocks should not be considered for short positioning at all. For short positions, weak stocks that are on down-trend with given sell signals should be considered. Maybe, we can find five promising short candidates with great risk/reward ratio and put them on separate list. Generally speaking, Weak stocks get weaker and strong stocks become stronger. For living, fun, greed, or whatever, short term trading is always open option. I suggest the following format: For stocks-long: Stock -- Entry Signal -- date -- support level -- Exit Signal Ticker--(On Watch;Buy)--00/00/00-- XXXXXXXXXXX -- Wait;Sell Chart URL For stocks-Short: Stock -- Entry Signal -- date -- Resistance level -- Cover Signal Ticker--(On Watch;Sell)--00/00/00-- XXXXXXXXXXXXXXXX -- Wait;Buy Chart URL We can update them on daily basis. If all agreed, we can rotate this updating responsibility weekly among the thread regulars. Others can comment on signals. To All: Please comment. Regards, Mike