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It has been my experiences that most system developers use one indicator
to get into trades and the same indicator to get. I have found that unless
that indicator is very fast, i.e., fast stochastic 8 period, the same
indicator should not be used to exit trades. "Street Smarts" for the most
part can be applied to intraday trading, what has always worked for me, is to
use one indicator for entries and a host of ways to get out, the more the
better, but I seldom use the same indicator to get out unless I am using that
indicator in a totally different way to get out.
I can use an example of waiting for the On Balance Volume to be making
one hour highs to enter a trade, if I then wait for divergence using the OBV,
I then can use the same indicator to exit. I find too many traders want to
enter and exit using the MACD and many times to turn against the trade
arrives too late.
Oat
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