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I trade both intraday and eod using the
same TS indicators, which by their nature,
are breakout and trend following.
Altho not a "system" in truest sense of
TS, it certainly is a non-subjective system
or methodology of using the indicators. I
accomplish the challenge of trending and
non-trending markets by using a simple entry
filter, which helps avoid the vast majority
of false breakouts. For example, if I have a
bar close with a new long (or short) signal
in the S&P or ES, I add or subtract 2 points
from the close to identify my entry. In
stocks EOD, I use a 1/2 dollar filter for the
entry stop.The trade is then managed by a
combination of profit targets, trailing
stops, and new signals generated by the
indicators.
By the use of these simple filters, the
indicators work well in both trending and
non-trending types of markets as well as eod
or daytrades. Problem solved..
Maybe too simple...
Regards,
Jim
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