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alanrs

10/18/06 5:21 PM

#34616 RE: gloe #34615

I'm new to this, as you all know, but have been looking at the multiple time frames for about 4 days now and trading them in a timid way for three. So far I really like having the context, and agree that the people in the room are at a great disadvantage.

Yesterday Nocona posted a piece explaining the HA bars, and below it was an article about the aroon indicator that I found interesting, so today I put that up and used it to trade with the CCI. I know it's only one day, and I was only home for 1 hour at the open, a half hour around 11, and a half hour around 2:15, but in that time was able to make 4 trades, all profitable. In fact, if I had been able to stay in them longer, they all would have been quite profitable. You might want to look at that for some sort of confirmation as the CCI breaks through the various 100s.

I also wanted to thank both you and Nocona for the valuable info you share. At the end of the month I'll go through my results to date, probably month by month, since some have expressed an interest in my progress learning TA and charts and CCI. I took a week off from looking at it from 9/28 through 10/3, and I seem to have made a breakthrough. I've had 1 bad day since then, a loss of $130. While I've not come near to maximizing the profit that was in the trades I took due to not yet trusting it, I am still well on my way to a $5k month. If I had been more trusting (and more able to sit at a screen for longer continuous periods), I would already have that 5k in the bank.

Look at the aroon. See what you think.

ARS
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Nocona

10/18/06 7:10 PM

#34617 RE: gloe #34615

Gloe: You brought up an interesting point about the zero line. Using your 15 minute as below.

Example: If you are short and coming down from the +100 and a ZLR occurs near the zero reverse to long if the SW gives you the OK. If it does not you stay short and use the zero line like the other lines.