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Sorry I put never use price to cost of production, I never use indicators
to establish a position trade I always use price as to cost of production.
I like eatable things like grain and meats not stuff like oil or metals for
position trades.
Robert
At 03:53 PM 10/13/98 -0500, Robert W Cummings wrote:
>Hi Bill;
>
>I use patterns and price to determine my trading decisions. Because I often
>fade certain markets the CCI helps establish an over sold are over bought
>market. Time of day and direction of the trend over all past days
>is taken into consideration as to the counter trend or buying a retrace for
>a continuing trend. If I am fading a strong market trend that I feel has
>gone to far but still is dangerous I will use options to counter.
>Momentum helps me buy and sell retrace with the trend and the MA is use for
>a guide line and base on long look back to determine the major strength and
>direction of the trend. I trade very short term and will trade any market
>but I have to watch a market several weeks to get a feel for it. For
>example silver is a great market to fade at key resistance points because
>people just like being long in that market and commercials love hedging it.
>I am watching 4.74 in Dec if it holds I will wait to sell after I see it
>mess with 5.00 again or the recent highs. I like to trade so if nothing is
>going on in the bonds and other markets I'll trade the S&P at certain times
>of the day only. I never go home with a futures position only options
>unless its a position type trade. I position trade based on fundamentals
>that I can afford like grains and meats and I use price verses cost
>of production. Later I will use indicators to get out and past price
>history resistance and support levels. I also keep an eye out for certain
>stocks that have establish patterns of highs and lows and will at time hold
>them maybe a day are two. Thats it a pretty scary site now that its down in
>words. I love trading and spend hours looking for better ways to trade are
>to improve on what I'm currently doing. I think the one thing people do
>that is a mistake in my eyes is try to trade like everybody else. My physic
>is bad for trading but I know it so I can't trade like you but I can trade
>an be profitable. You got to know your weaknesses and risk tolerance levels
>then you can pick a style you can live with so your emotions do not work
>against you. This is something else I think matters to me as far as trading
>is my attitude and if its not good then I will likely not trade well so I
>try and keep a good attitude before I trade. Most of the time I can but if
>I can't I just don't trade are trade lighter. Another rule I break is I
>anticipate what the trades going to do before it does it and yes its base
>on price patterns. I think I could trade just on indicators base on a very
>long term time scale then amount of money I would lose to lag would be made
>up with time and that time being profitable in the trade. So to answer your
>question day trading is my main trading style although position trading
>usually makes up a larger percent of my gains for the year.
>
>Robert
>
>
>At 06:34 PM 10/13/98 +0100, T-BONDTRADER wrote:
>>Sounds like you believe in price action and not indicators. Well, well,
>>well...
>>
>>Can one ask what your main trading activity is? Day trading? Position
>>trading? System?
>>Discretion?
>>
>>Following on from your answer, what would you describe as your main trading
>>aids?
>>
>>Just interested - bearing in mind what you have said.
>>
>>Bill Eykyn
>>
>>
>>-----Original Message-----
>>From: Mark Brown <markbrown@xxxxxxxxxxxxx>
>>To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>; Bob Fulks
>><bfulks@xxxxxxxxxxxx>
>>Cc: flag@xxxxxxxxxxxx <flag@xxxxxxxxxxxx>
>>Date: Tuesday, October 13, 1998 3:40 pm
>>Subject: Re: Trend or No Trend
>>
>>
>>>
>>>>One simple approach that is not too bad is to use two moving averages of
>>>different lengths.
>>>
>>>I prefer this method : I look at a chart and determine what the obvious
>>>trend is. How do you know what the obvious trend is? Show a chart to any
>>>10 year old and ask them what the general direction of the chart is UP or
>>>Down. Once this is determined then I enter the market with a trade size
>>>thats too big for my account in the opposite direction. Then hours, days
>>>latter my broker calls me and either tells me I'm a genius or he wants more
>>>money, at this time I know what the trend really is.
>>>
>>>What I'm trying to get across is the following : If you can determine the
>>>trend thane its too late to do you any good. You should either ignore the
>>>trend or have a fail safe reversal in your system that automatically buys
>>a
>>>break in the direction of the trend. Until then you need to go about your
>>>merry way trading chop ranges, or occupying your time in some other
>>>constructive manor. If you dont you'll likely die of boredom waiting for
>>>that trend that can only be identified after the fact.
>>>
>>>MB
>>>
>>
>>
>>
>>
>
>
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