|
PureBytes Links
Trading Reference Links
|
Cliff
I do have Asctrend applied to most of my charts with most RISK at 3,
MONEYRISK at 500 although 1100 for Beans. For markets that start trending,
such as Gold recently at 3 and 500, you can take a position, place a stop
and very often make some money, and risk losing not too much. Day-trading
the S&P it has caught some very nice moves, but during choppy sessions I've
taken 3 to 5 $300 to $500 losers in a row. I'm not super-proficient at it,
but it has proven to be a valueable tool.
RSI & Stochastics are helpful in confirmation.
Steve
----------
> From: Cliff Scheller <cliffsch@xxxxxxxxxx>
> To: Steve Schnake <schnake1@xxxxxxxxxxxx>
> Subject: Re: FUT:Daytrading
> Date: Tuesday, July 15, 1997 10:58 AM
>
> Steve,
>
> I think you said you use, or have used the ASC indicators.
>
> Any thoughts on good ways to intrepret them?
>
> I've dug them out, and put them back several times, cause it seemed
> the subjectivity factor was way too high.
>
> How tight were you setting the risk/moneyrisk levels?
>
> ...any thoughts appreciated.
>
> I trade mostly bonds sp/nyfe, and silver/currencies for daytrade and
> position. Both options and futures. Will add grains, crude, and gold
> at certain times.
>
> Cliff
>
|