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Re: better use of time frames and trend



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Good Morning Mike,

No, I don't daytrade.  I am a short term position trader of strong high volume stocks and index options (OEX).  My approach combines multiple time frames and intermarket data.  I track and analyze the IIX and NDX which tend  lead the Dow, OEX, and S&P.  I use hourly, daily and weekly data to calculate my indicators which are a mixture of moving averages (ala Charles Drummond) and oscillators.  All of this is designed to keep on the right side of the trend and entering the market on a pullback as I wait for what I call an UP/DOWN/UP setup for Long side trades or DOWN/UP/DOWN for Shorts.  As such I do not catch the major trend changes (EW #1) .  I am there for the succeeding legs (EWs #3 and 5).

That's it in a nutshell.

Steve

>>> <MMclaug323@xxxxxxx> 08/11/99 09:18PM >>>
   Hi Steve, I noticed your post to Linda, using three time frames for 
trading, and I found your approach very interesting!!! 
   Are you daytrading the S&P and can you recommend what three time frames 
you are using? Thanks, Mike