>Are you using TA to pick price points?
MrB,
Yes I did, in part, today with AAPL. My candlestick program (reference available, if you want it) indicated bullish potential.
But the use of TA, in the form of candlesticks (or TA indicators in any other form for that matter) is insufficient, IMHO, for hard-money decision-making purposes.
Just as important as candlestick forecasting, was my sense this morning of impending optimism (FA, if you will) in regards to the search for a new CEO for Apple. The two (TA and FA) seemed to go together especially well in one particular point in time today.
So, in retrospect, I simply combined my candlestick indicators with the potential for an upswing in anticipation for a new Apple CEO, to instinctively forecast a rise in AAPL's stock price today. It happened to have worked for me.
However, I was confident enough in my projections to have posted my trades in near real time. I'm proud of having done so - especially in view of the fact that my trades could have easily gone the other way on me.
Can I do a similar success story in the future? I don't know. It depends upon numerous factors - many of which, are beyond my control.
A "quite-heavy" package containing my 30-day trial of Omega's "Trade Station" arrived a few minutes ago. Perhaps it will enhance my risk/reward ratio even more. I'll let you know how it goes.
Ice |
