|
PureBytes Links
Trading Reference Links
|
Jim Greening wrote ...
[SNIP]...
> I've been thinking about a tweak that uses the short term up
> trend channel within the intermediate term channel more then I am now.
> As long as the short term channel is moving up from the bottom of the
> intermediate term channel to the top, I'd replace positions as they
> are stopped out. Near the top of the intermediate term channel, I'd
> slow down on the replacements to one per week. When the short term
> channel has turned and is plainly down in the upper half of the
> intermediate term channel, I'd build cash with no replacements. If
> the short term channel is still heading down, but is near the bottom
> of the intermediate term channel, I'd start adding new long positions
> at one per week. After the short term channel has clearly turned back
> up, I'd add faster and replace as stopped. I'd repeat this cycle as
> long as the intermediate term up trend channel holds. When it is
> broken to the downside, I'd reverse to a mirror image strategy with
> short positions.
> I been thinking seriously about this strategy and intend to
> implement it with the short term channel clearly turns up or breaks
> through the bottom of the intermediate term channel. Of course I'll
> continue my current strategy of never risking more then 2% of my
> portfolio on any position (usually much less) and always using mental
> stops.
>
> Jim
======================================================
Jim/
Does it have to be either/or? Since there are always some stocks moving
up and some moving down, have you considered having both longs and
shorts, perhaps in accordance with a running average of the
Advance/Decline ratio?
Harvey Pearce, Victoria, B.C., Canada
=====================================
|