People do like MA's, but you are stacking the deck by testing it on AMES. It is like saying "it's amazing that God put our ears where he did, otherwise how would we wear glasses." <g>
MA's are a trend follwing system. Put them in an uptrending stock, and they will work fine. Put them in a trading range and you'll get eaten up.
Different indicators work in different stocks or stock movements.
Oscillators for trading ranges.
Trend following for, well....trending stocks.
Patterns for bottoms and tops
Volume for potential breakouts, blowoffs, and for confirmation.
Different combinations for different things.
Follow Henry's lead. Confirm the stock, then use a confirmed indicator or system.
Henry's TA is not to complex, but it works, because he uses it on the right type of stocks.
Richard on the other hand, has a TA knowledge deeper than anyone I have seen. He can use TA to work on a broader range of stock types, although he does use a FA filter to get his candidates.
Now if only we can get Richard to write a newsletter, we would have all the bases covered. (no joke).
I can't trade like Richard, don't know if I ever will be able to, he is the cream of the TA crop. And he devotes a lot of his time to it, it is how he "puts bread on the table." If you are that good and have the time, work on those systems and indicators. If not, work on stock selection then use you TA on it. TA will filter out the Fundamental crap, because if it is bad, TA will never get you into it, and if it goes bad, TA will get you out of it.
BCL |
