News Focus
News Focus
Followers 22
Posts 3465
Boards Moderated 0
Alias Born 07/08/2002

Re: was Steve post# 13413

Wednesday, 06/23/2004 11:45:30 AM

Wednesday, June 23, 2004 11:45:30 AM

Post# of 37180
<<but when you go into trend mode as you went into last night, how do you get to a point where you would sell the trending position?>>

Yesterday, I had no info to go off of at trading time due to cable guy having me offline. Strength in the NASDAQ led me to operate under the assumption that I would end the scalp and move into long trending.

In fact the scalp is not over yet. All this flipping and flopping has not pushed the OB-OS indicator far enough to get an "out" signal. It is still slightly OS.

But to answer the above question, If I have Bull mode (and no scalp) and the subscription model has a Long signal, then I will be trend long. The subscription model will go short at strong OB points (whatever their criteria may be).

I remember doing something earlier in the year where I used high NAMO in combination with high OB on the OB-OS indicator. I was able to identify shorting points with a decent rate of success. I will probably incorporate this into the trend long model.

BTW how is your collection of sectors faring today??

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today