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<DIV><FONT color=#000000 size=2>maybe with 10 years experience i am too cynical
but daytrading like this is a relative recent phenomena of the bullmarket last 2
years to scalp for 3/8 its like trying to be a pricemaker in the ring you are
trying to guess the emotions of people with better access to information
,superior order routing you may be making money but if the markets revert back
how they were before the last 24 months i think that this style of trading will
die</FONT></DIV>
<DIV><FONT color=#000000 size=2>i trade forex and futures sometimes indexes but
when i trade stocks on aprivate basis i am looking for decent meanigful moves
not 3/8 of luck am sorry linda i dont want to be rude maybe the markets are now
faciltating this style for the next few years</FONT></DIV>
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<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Linda Swope <<A
href="mailto:lswope@xxxxxxxxxxx";>lswope@xxxxxxxxxxx</A>><BR><B>To:
</B>Real Traders <<A
href="mailto:realtraders@xxxxxxxxxxxx";>realtraders@xxxxxxxxxxxx</A>><BR><B>Date:
</B>Thursday, October 21, 1999 9:31 PM<BR><B>Subject: </B>any suggestions
for whipsaw?<BR><BR></DIV></FONT>
<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>
<DIV> </DIV>
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