RE: Re[2]: the Fed

["John T. Nelson" <trader@xxxxxxxxxxxxxxx>]

This is more profound than it might seem.  It's a natural
form of risk management.  If the MACD prevents you from
entering both profitable and bad trades on an equal
basis, then if there is a bias towards profitable trades,
you will significantly lower your risk.

Who among us *wouldn't* give up a few profitable trades
to remove most of the downward risk?

- John

-----Original Message-----
From: Sean O'Toole [mailto:sean@kingfieldcapital.com]
Sent: Wednesday, January 03, 2001 2:56 PM
To: Jim Johnson
Cc: Omega Users List
Subject: RE: Re[2]: the Fed


Hi Jim,

I trade the S&P using a one minute bar chart and I follow the naz on a one
minute chart as it frequently leads the s&p and makes for a good
inter-market indicator.  While I trade off of the 1 minute chart, I never
trade against the prevailing trend as defined by a 5 minute MACD.  I miss a
lot that way but I rarely get stung badly.  (11:35 central)


-Sean


> Hello Sean,
>
> PLease  elaborate  on  what you saw at 11:35 (Central?, Eastern?) that
> tipped you off?
>
> Thanks.
>
> Best regards,
>  Jim