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I never day-trade, only postiion trading, but I do have to resort to
day-trading strategies sometimes, because of excessive volatality.
That is where Dr. John F. Ehler's Squelch functions can be helpful in
distinguishing noise (signal with lots of noise) from real (stong,
clear, clean) signal. Day-trading forces you to cut your profits
short and let your losses run until you can recoup it later by
doubling up at a better price (at support or resistance) and exit
your losing positions at a break-even price". But, you have to be
correct about the direction. You cannot be trading both directions...
rgds, Pal
--- In amibroker@xxxxxxxxxxxxxxx, "Jayson" <jcasavant@xxxx> wrote:
> Pal says "Day-trading forces you to cut
> your profits short and let your losses run"
>
> How's that working out for you? You must have started with a whole
lot of
> money to still be in the game :)
>
> Regards,
> Jayson
> -----Original Message-----
> From: palsanand [mailto:palsanand@x...]
> Sent: Monday, November 17, 2003 7:20 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: beautiful morning in Tokyo (update)
>
>
> I disagree. Day-trading is a more sophisticated game and the rules
> of position trading do not apply here. Day-trading forces you to
cut
> your profits short and let your losses run, the opposite of
position-
> trading. You use limits not stops. I never day-trade, but some of
> the signals I trade turn out to be a day-trading signal, so I am
> trying to learn how to handle it. Actually, I think I found the
> solution. Thanks for arguing with me. It lies not just in the AFL
> daily pivot code, but in the AFL weekly pivot code. The new Beta
> version makes it a piece of cake to calculate the weekly pivots.
> Thanks Thomaz. I know now, how I should modify my approach of
> optimizing the entry points, but the basic tactic remains the
same...
>
> rgds, Pal
> --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> > Hi palsanand,
> >
> > Monday, November 17, 2003, 1:56:42 PM, you wrote:
> >
> > p> Well, Volatility is the life-blood for day-trading, the more
> > p> volatile the better
> >
> > Absolutely disagree. You want just the right amount, because you
> > have NO GUARANTEE your trade will win, and need to set appropriate
> > stops.
> >
> > As for the rest . . . I give up. ^_-
> >
> > p> and it doesn't fly in the face of common
> > p> sense, infact it is perfectly aligned with common sense. A
> > p> dip/rally or a breakout is trying to catch the trend when it is
> in
> > p> full swing and a confirmed trend-change has confirmed the start
> of
> > p> a new trend, so it is natural for volatility to be high in
those
> > p> circumstances, not that it really matters, though low
volatility
> > p> would be nice especially for non- confirmed trend-changes...
> >
> > Yuki
>
>
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