Bruce,
Looks like the 50 day MA was too much for PTIS.. This 50 day MA is crucial IMO.. no bottom fishing until that is crossed to the upside. This was seen in RACE. GEOI, BARR, PTIS, etc,etc..
If you plot my trix, you will also see that at the last moment, there WAS NO BUY TRIX CROSSOVER!!..
Again, I had bad feelings also b/c of the stochrsi 8,5 was up high.
Again, it's important to review your trades a week later to see what you can learn from them. that is more important than getting the profits/losses imo.... that's how you get experience..
I loved the buy stop method. really worked well for the geoi and ptis trades.. Instead of using emotions to control the trade, just put that buy stop (mental/hard) and let it ride..
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Importnat: when the market is trending/rallying.. use your trend indicators -->> macd, dahl, trix, moving averagese, etc,etc.
when the market is consolidating (right now).. use your overbought/oversold oscillators -->> RSI, Stochrsi, Stochastic, etc.etc.
I'm looking into the ADX to see if that will help me determine what type of market at any given moment... told you, TA is endless <gg>
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NEXT PICK im watching: RADAF.. Great stock in the toy business sector. earnings coming up next early december. Possible pre-earnings rally (but never count on it).. Right now basing at the 13-14 area.
What is more important is to PLOT the BB-bands!!!!! Notice, when they get narrower, breakout is imminent!!! check indicators to determind direction of breakout.. notice couple months back, how bbands narrowed, and boom.. RADAF took off..
I will post a radaf chart tonight as well.. Right now, $14, i expect 18-20 in the next 2 months..
we will see. BTW: We are in consolidation mode between the 50 and 200 day EMA. And on friday, we just bounced off the 200 day EMA.. I'm reffering to djia.. S&P, I'll check tonight.
Chris |
