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Little Chico

09/26/08 5:30 PM

#49443 RE: gloe #49442

The 30" Chaikin is normally a very reliable indicator, but the DMI-ADX is still, in my opinion, the best. We had a good buy signal on the 15" chart @ 12:30.

Chico
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Duma

09/26/08 5:51 PM

#49445 RE: gloe #49442

Gloe - Please read my response to LC concerning the ChOsc. I really like the indicator, but I have learned when not to use it. As an example, it will sometimes turn and show that a reversal is coming many bars before it comes. The problem is that during this time, the original trend can continue. So when I see this I change my exit stops to much tighter ones because I know a turn is coming, just not when.

When I enter a trade, I will never enter unless the ChOsc trend is in the direction I want to trade. Never trade against it, which I am sure is your rule also.
Jon