P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: ajtj99 who wrote (668)	5/20/2002 9:40:43 PM
From: Jeff	Read Replies (2) of 30712

Jeff's pretty high on the list for a guy who just came out of hibernation <G>. looks like thats just for the last 30 days......i must have picked up those bookmarks when i shot down HAL's buy signal on ZEEV'S thread.....using death blows...pierce and sucker plays...double tops....crap running at tops...all your basic T/A stuff....<ggg> the way i look at it is....i'm just an average guy trying to make a living trading....i have had success over the last few years not by reading all these T/A books...or trying to complicate things with e-waves or computer signals....or trying to figure out what sentiment indicators show...or by following others and trying to copy what they do..... i just keep it simple.....i learned charting without ever reading a T/A book....i just looked at charts each day and looked to see what the indicators did before a price rose and before a price fell.... past charts show you everything you need to know because they are based on things that happened in the real world of trading each day....its all fact.. and i just picked out the best signals that i saw worked the best and were the most consistent.....and i use the same ones all the time.... the most important thing i ever did was block out all the noise...as in hype on t.v...listening to the experts who are biased...and following picks off the threads.... the most important thing i ever did T/A wise was to learn the stochastics.....its actually a pretty useless indicator and most folks probably don't use it or use it very little because it has no real clear signals because it can stay overbought or oversold for a very long time.... but the one signal it does have is things start happening around that 50 line on either side....and the biggest moves in a trend can start off that level... i believe that one signal alone will let me trade for a living for the rest of my life....because i use it...i know it works... if i would not have found out about death blows.....i would have lost all my money by now.... i went back once and looked at my biggest losers....and most of them i would never have bought had i only known about death blows....or 50 bounces.... put it this way.... never short a 50 bounce....and never long a death blow... and never be the "sucker" in a pierce and sucker play... period....<g>

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