Rick, it is a pleasure to have another trader and another opinion on short term action, especially since your system is different.
I worked on my computer for about 5 years trying to find the best TA signals, and ended with stochastics. Then it was dertermining which time period gave the best results, then adjusting the settings for the stochastics.
That testing ending on Aug 22, 97, with the result being, that I found the 10 day charts (15min bars) with stochastics of my settings, gave the best results and backtesting to the first of 97, resulted in over a 1000% return. My monthly goal is 20%, which is about 900% per year.
I don't expect signals before you place an order, but please post after "you are in". It may help some of us, in confirming our moves, or pushing us off the fence.
So, David as posted that he is looking for support at 33 5/8. That is
the lowest that I see. Your TA indicates that it could see 32 3/4.
Attn Bears and Kurlak, the traders don't see 20 any time soon! <gg>
Patrick |
