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Many people rely entirely on time in trading, and disregard price.
Based on his A/D oscillator, McMillan shorted the OEX last Tuesday. Price was not the
issue.
Hank Camp, a successful trader, newsletter writer, and teacher, times his trades to
within 5 minutes each day before the market opens.
Sloman/Wilder's work on the Delta Phenomenon looks for entry and exit points based on
time, not price.
There are traders who prefer to trade on news, on support/resistance, on chart
patterns.... why not time?
--PJS
>
> Rick,
>
> As far as my private e-mails go, I will say what I like.
>
> On this forum, I will confine myself to questions about trading.
>
> And I will continue to question closely any methodology that can not
> offer practical trading application.
>
> This isn't a Dali dreamworld Rick. The things all of us RT'ers write
> MUST be tradeable in practical terms.
>
> You keep talking "time", but at some point, that must also equate to
> money. We are trying to take profits in one of the hardest
> proffessions in the world, and that is why we are here. To find the
> best ways to do that, in the least amount of time.
>
> You talked about some of your Hog trades. GREAT. Tell us about it.
> Walk us through the trade from beginning to end. From the first
> formative FDATE, to the entry, to the exit. The why's and
> wherefores.
>
> You have said that I simply don't understand what you are doing. OK,
> fair enough, maybe I don't. Rick the real mark of a teacher, is the
> ability to convey his concepts in understandable and PRACTICAL
> terms. SHOW me how you are applying your concepts in actual trading.
> You aren't giving "trading advice", if you simply run through a
> trade you did using your concepts. You are simply illustrating
> your ideas in real terms.
>
> I don't even care if it's a winning trade or not. You might be
> suprised Rick, at how sympathetic I can be when the mouth stops
> talking, and the money starts walking. I KNOW how tough trading is.
>
> Whatever you post, I promise, I won't criticize it. Fair enough?
>
> Finally, If you Don't plan to respond in concrete or constructive
> TRADING terms, then don't respond at all.
>
> Walt Downs
> CIS TRADING
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