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mattie633

05/02/09 11:05 PM

#84 RE: Tony G #82

<<All of these technical indicators bounce around all day long intraday>>
Yes, and it's hard to predict what a live tick will do to the daily sto, for example... like my brain isn't capable of comprehending that. So to me, that boils down to anything that can be a chart overlay, or related to price, is more predictable and useful in a live strategy than a lower study would be.

<<buy/sell on the OPEN of the current bar if the completed 1-bar-ago met your trigger>>
Hadn't quite drawn that conclusion yet, but it makes total sense. You saved me some time there.

<<so if you don't want it to, you need to write more conditions into your formula>>
So do you have logic built in to not trigger buys at the open, or do you just let them fire and then ignore them? Or did I miss your point?

<<I like swing trades >>
I am a day-trader at heart, but I have seen the power of the daily swing, and my ultimate goal is to identify swing trade candidates and then trade the ripples within them, or maybe trade the full swings... depending on market conditions and my time constraints.

<<but only use that when we are in range-bound and consolidation patterns>>
I'm guessing that you trade a suite of stocks vs. scanning the herd for entries....??? I say that cause my style is to use the math to scan the entire market for entries, and I typically wouldn't pick up a range-bound stock on my radar.

<<or if I want to slowly sell off portions of my position.>>
Not sure if that part makes sense. Scaling out of a position is an advanced topic for me. To me it's either bull or bear or deciding.

This has been very helpful!