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Strategies & Market Trends : Technical Analysis - Beginners

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To: jolox who wrote (11653)3/7/2001 2:57:31 AM
From: Ronald P. Margraf Sr.  Read Replies (2) of 12039
 
Hi Stockbouy an all,

First time poster here so please give me some slack. Haven't had a chance to read all these post but if I could give you all a word of advise, keep it simple. In most cases 6 indicators will do the job. Once in awhile you need a couple to back up your thoughts but don't try an get too technical.

Other then the Price an vol. an they don't count on the 6, all the rest are there to justify or confuse.;-)))))))

In my opinion all you need is the;

MACD

ADX/ADXR

Stochastics weighted

Alert RSI w/%

Price moving average

MFI

Your dealing with pennies here folks not Chips. 50 an 100 day moving averages mean nothing with these companies. They move on 10ths not dollars unless you step into a super stock with a super story.

I have been seriously trading by T/As now for the last 3 years an I can't complain. Last year I was up on my investments 53% using T/As. This year is another story but I am up based on my purchase price using T/As to get the best price.

So folks, all I'm saying to you is put all that extra T/A crap aside an go simple. Use the ones that I have suggested to you an you will probably do much better. Oh! buy the way, you do need to change your settings.

So best of luck to you all. Remember, keep it simple.

Later,

Ron
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