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Here is my update regarding my ongoing horrible experience with ETRADE. I sent them a certified letter in June documenting exactly what happened and requesting the illegally withdrawn funds. I called them in the beginning of September(2 months later) asking about my letter since I requested that...

Here are 2 links about offset stops from Jack Hershey. http://groups.google.com/group/misc.invest.technical/browse_frm/thread/4feffbd20ab4b221/925b0bebb43d0f37?lnk=st&q=stops+author%3Ajhershey67%40cox.net&rnum=3&hl=en#925b0bebb43d0f37...

For trailing stops, I have found that it is better to start with a loose stop and tighten it as the days progress. The goal is to let the stock make its' natural trend forming pullback and resumption before tightening the stop. here is a better description of what I do...

Corresponds to the LT down channel that can be most easily seen on the daily chart.

Get the book Techinical Analysis of Stock Trends by Edward and Magee and learn how to determine price trends.

Are you taking bigger short positions than usual because we are currently at the rightside(top) of the LT down trend?

It just finsihed its down/lateral IT trend on 10/31. The new IT trend long is a traverse of the LT trend which is long. This stock should be a great one to trade in the near future for short term moves. You could also hold through the IT long trend and exit on LT resistence. IT =...

It is my perception that Grobs contributions are excellent. He has laid out a model for others to follow to become a wizard. My interpretation only. I rarely exit on TL breaks. It is their primarily for protection. I mostly exit on the other side of the trend channel where the most profit is...

This is very interesting. I just started a recent thread that discusses a very similiar concept. Are you trading futures or stocks? http://www.elitetrader.com/vb/showthread.php?s=&threadid=57912

I have also thought about looking at the stocks prior moves and using that as the bases for my initial trend slope. Is this what you were referring too? How would you incorporate the sectors?

I agree that after the initial take off of a BO, their is a healthly lateral or pullback before the trend resumes. The objective is a balancing act to give enough room to allow the natural pullback to occur but exit off of something that would not be categoraized as a natural trend...

I was just wondering if anybody uses a right Trend Line of a predetermined slope(angle of appreciation) right after entry. Essentially, after entry, price has to rise(for long) at least a certain percent every day. Otherwise, one should leave that stock and put money into another stock...

this may be what you were asking for. It is a pinwheel of channels though.. http://www.elitetrader.com/vb/showthread.php?s=&postid=254593&highlight=jack+pinwheel#post254593

Hmm...... buying at the bottom/left side of a down IT channel Trend Line. I see the opportunity you are playing. I personally prefer to ride short in short IT trends. To each his own.

You da MAN!

Thanks. I have attached a link to a prior grob109 post. I am not sure if you are referring to the cycle but it seems that you may be. http://www.elitetrader.com/vb/showthread.php?s=&postid=348579&highlight=next+fast+cycle#post348579

I have been reshorting at the 1225 level since we started traversing the short IT i have in. These lateral moves are great. I will get stopped out though if the IT changes lateral to long. Could you elaborate on how it has been definitive for you?

You are doing a great job. Please keep up the great work. Make sure they are B people and give them the ignore. Lots of things are being learned everyday thanks to your posts. Quick Q, could you let us know what you are anticipating on the IT here. The market has recently broken my right...

Just broke that carryover channel with 15 k volume!

You are missing the light blue channel that jack posted on 9-23.