mt,
I use the daily for my macd oscillator turns. In this market, I stick with multi day moves. If there is a crash, or a hefty correction, I will look to the weekly and monthly oscillator for clues.
Lots of times, I don't wait for the oscillator to bottom completely, and that's when my least successful trades occur. I am trying to discipline myself to only trade stocks (regardless of sector) that are bottomed, or very close to, per the macd oscillator. Like PLC, BGO, AEM, TTP now. I like to buy before it bottoms (I can usually buy size at the bid when there's still selling), and sell before it turns (for the same reason..unloading size at the ask). I trade mostly thin stocks, so early is best for me. Unloading 10K shares can be a pain when the bid falls away, or exists in 100 share lots.
SSPI is an example of buying the bottom of the move, and catching profits as it moves to the zero line, then kaboom. VDAT and SYNM look to continue up with volatility. Anyways, Rick Ackerman/Marketwise (321 gold.com or goldseek.com), uses the same program as I do (Real Tick), and gives seminars on using the macd oscillator, as well as the rsi oscillator. Really a neat tool. I own OSTE because of the weekly oscillator, which allows for a IT hold. I try not to daytrade, unless I have to. How's that for short and sweet <g> Good Luck.
Cheers,
Bert |
