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Paula,
Thanks for your answer, and you weren't rambling. If I understood you
correctly, you use a volatility and adx screen based on daily bars to select
potential candidates to then watch for good intraday trading patterns based
on 5 minute bars? Sounds like the two books complement each other. Is the
Conners/Raschke better for intraday patterns?
James
----- Original Message -----
From: Paula <hotair003@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Saturday, March 18, 2000 11:10 AM
Subject: Re: [RT] Connors articles
>
> Hello:
> I have not traded his specific strategies consistently over a set period
of
> time but have used them in conjunction with his volatilty studies and all
> the other stuff I've read to setup the types of stock entries I am
> comfortable with. I've traded the studies in the Connors/Raschke book
more.
> I look for stocks that are exhibiting several chart patterns in
> combination with volatilty,ADX .For me personally the Connors works on
> volatilty added a depth to what I was looking for.It added alot to my
> understanding of stock movement,why it was doing that(as far as anyone can
> ascertain why) and enabled me to make more sense out of what I was seeing.
> As with many others I prefer to trade off 5min bars,watching many
charts
> at one time.Interpretation of a stock's movement on any 1 day in the
> context of its trend and volatilty postion has been extremely helpful, for
> me anyway.
> Sorry for the rambling. My articulation today needs some work.
> Paula
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