Gene,
I appreciate your expertise and if you can expand a little
further about using just 3 MA's, 5 day, 10, day and 50 days.Do you
look for them to cross or are you just looking for tops or bottoms as
entry points?? Currently, I use Worden's Telechart and have my settings on 5 and 7 day stochastics with moving average's of 20, and
have 2 envelopes set at 10 and 20.I also have my TSV set at 12, as that is where institutions have theirs set.I know that these settings
work for longer type transactions, and usually buy at the bottom, get a little run up, and then sell covered calls against the stock.This gives you a realistic return per year of anywhere from 30% to 50%, which is fine for anyone with enough money,but is not a very good method for daytraders, and since I'm planning on daytrading soon, I'm trying to gather all the information available.
Thanks in advance
Buzzy
|
