Hi, David, I was reading your earlier posts #5, #6,#17. There are
very very good posts. I can understand it well now from my half year market experience. As an example, I bought AMTX at 5.5 earlier this year and hold it all the way from 5->33->18. I sold half at 18, not bad comparing NBTY you mentioned, but I should do much better than that if I knew TA. Now, the other half goes from 18->10 to 22 currently. After I sold half of AMTX, I realized I need some help from TA, especially to learn when to sell. I bought a few books and read through them. Now, I have better sense of how the market works. The problem however is that I still have not found useful and practical and indicators to help me making right buy/sell decision most of the time. I saw you mentioned 5-13-40 day EMA as buy/sell signals. However, after I tested it, I found that it is usually crossing one-two days later after a big price moving up and one-two days later after a big sell off. If you subtract movinig up days and selloff days, the gain is not much. Like you, I am short term trader (1 week-1 month). Do you have other methods which help you make earlier decisions? Also, I saw that you use many other indicators to confirm. Could you explain a bit how you use them? E.g. parameters of MACD, RSI, DMI, etc. BTW, what are GANN, SAR?
Thanks,
Gary. |
