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Old 12-01-2007, 10:01 AM
kimchi kimchi is offline
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Join Date: May 2006
Location: FU minbet
Posts: 1,246
Default Re: A TRADABLE CONCEPT?

[ QUOTE ]
-Trading at 5-10 day lows (I am still trying to find the "magic #"

[/ QUOTE ]

There really is no magic #. It looks like you're buying some kind of retracement here, but the values you choose for trade set-ups or entries are less important than the amount you decide to bet on your decision or how you are going to exit the trade.

[ QUOTE ]
I am finally backtesting starting tonight and will see.

[/ QUOTE ]

I'd like to know what you are using for backtesting? Are you pouring over historical charts/data or trawling through excel. If you're using software, please say which one.
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