Technical Analysis With Charts Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical Analysis With Charts

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pcyhuang who wrote (3256)	11/2/2006 11:00:30 PM
From: MACD X	Read Replies (1) of 6865

Pcyhuang about my model and yours, My model demands confirmation or at least a hint, because without the hint of an uptrend the security could go down oversold for ever. Perfect example is ENRON, williams % r was over sold for a very long time before the bottom. I like the comfort of following price action, this is also the plan of Jack Chan which I am a deciple, His plan and mine is to wait on Macd or a trendline break or both. This gives you the hint that the move is starting and gives you a low risk entry. Without a known stop before entry is too risky, control of risk is my number one priority, nothing is more important, I never loose more than 5% or so on a trade, Jack Chan uses 3%. I will not enter over 5% risk, I fudge up a little myself but not much more, My entry on gold Came on Oct. 13 with this post saying a low risk entry was avalable on that day. I am also up 8% or so. Message 22905793 By looking at your williams percent r 14 all the stock in the group are at high levels,[over bought] does this mean you will exit now?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next