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Re: chainik post# 22911

Thursday, 12/09/2004 12:44:31 AM

Thursday, December 09, 2004 12:44:31 AM

Post# of 37180
<<Namiar, what time frame you are talking about?>>

From 1 day to 6 days, average probably 3. I have identified a bull trend oversold point (-1 on my OB-OS indicator) from which to launch a laddered series of long entries. The first day usually from 50-75%, second day from 80-120%, etc. over 5 days.

Sometimes the market rebounds after only one day and I get 50-75% of the NDX move. Sometimes the NDX continues downward for a few days while I painfully ladder into long positions. Ultimately I will get an "out" signal and will be profitable a high percentage of the time.

Of course the laddering process waters down the potential returns, but increases the rate of wins. I personally like to win alot and will sacrifice the potential big score.

Seems like most on this board like to go after the haymakers, loading up 200% in either direction once they see a favorable situation.

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