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<DIV>I'm making really good progress on my daytrading method. I watch a
single stock all day, one that's naturally volatile. My target per trade
is 3/8 on a trading range day and 1/2 on a trending day. I average 4
trades a day.</DIV>
<DIV> </DIV>
<DIV>My setups are based on MACD's on three time frames. I won't enter
until all three agree. I use displaced moving averages for stops, trying
to give the price action a little room for "noise".. This simple
system works, with the exception of whipsaw days. Unfortunately, there are
plenty of those!</DIV>
<DIV> </DIV>
<DIV>I have been working on filtering my signals with breakouts. I won't
take a signal if the price is in the middle of the trading range, but instead
wait for a breakout above resistance or through support to confirm the
signal. I did this to help prevent whipsaw. </DIV>
<DIV> </DIV>
<DIV>But today I shorted a breakout, only to find I'd sold the bottom.
Then I bought a breakout to the upside, to find I'd bought the top. Both
breakouts just died. But if I had taken my MACD signals when they came
into unison, I'd have made my 3/8 targets.</DIV>
<DIV> </DIV>
<DIV>Am I missing something? Is it this very nervous market? Or is
it a matter of some days this will save me from more whipsaws and some days this
will cost me money? My goal is high probability trading and maybe I'm
almost there, but just got burned today...</DIV>
<DIV> </DIV>
<DIV>Any insight is appreciated.</DIV>
<DIV><BR>Linda<BR>Swope's Mountain Photography<BR><A
href="http://www.swopephoto.com";>http://www.swopephoto.com</A><BR><A
href="mailto:linda@xxxxxxxxxxxxxx";>linda@xxxxxxxxxxxxxx</A><BR>Climb the
mountains & get their glad tidings: Peace will flow into you as sunshine
into flower; the winds will blow their freshness into you & storms their
energy, & cares will drop off you like autumn leaves. John Muir 1838 -
1914</DIV>
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