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Your time frames look decent but markets have been so choppy that you might
consider moving up one level. Generally, buying into weakness and selling
into strength works well. Also, these have been _extremely_ difficult
markets to trade ... it seems to me that the markets are now dominated by
big traders who can move the market on their own. I'm noticing that prices
often reverse short of targets and retracements will run deeper/shallower
than normal. In this kind of environment, you absolutely must cherry pick
and take only the very best trades with the lowest risk. Bottom line ...
don't be the dog chasing the car ... there will always be a market and
another trade to take.
Earl
----- Original Message -----
From: "ketayun" <ketayun@xxxxxxxxxxxxx>
To: "realtraders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, May 01, 2003 8:27 AM
Subject: [RT] Actually trading the analysis
> Hi,
>
> I was wondering if anyone has any personal/book/website suggestions
> about how to enter/exit trades. I find that on paper what I project
> within time/price comes true about 90% of the time. However I don't make
> the profits.
> At first I would enter on the first signal only to find the stock to
> slightly reverse and then I would exit (going flat)out of relief . My
> next thought was to enter on a pull-back but often the trend is so
> strong that there is no pull-back until after it reaches my profit
> objective or if I just jump in somewhere before the profit is reached
> panic sets in because I did not have any clear signal to do so. BTW I
> use 65,39,13 and 5 minute charts. Major pattern is usually on larger
> time frames with entry/exit on smaller (to keep losses down).
>
> Any and all suggestions welcome.
>
> Thanks,
>
> Kate
>
>
>
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