Technical Analysis - Beginners 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 - Beginners

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: David R. Evans who wrote (8209)	3/30/1998 2:25:00 PM
From: shasta23	Read Replies (1) of 12039

HI DAVE! Thanks for the answer! You said.."I'm an indicator trader" and that made me think about my question and it became again clear to me that i made some big steps forward but that i still don't know yet what kind of trading fits best. I also use indicators to get me in and i used mainly the MACD(8,17,9) and stochrsi(8,5) with stochrsi(14)under 30 and rising. I don't require the "official" cross of the 30-line. As exit i used sometimes the crossing of stochrsi(8,5) through 70 when i saw that stochrsi(14) will not make it above 70 to give me a sell signal like you use it. These kind of situations are getting more familiar now and i'm now able to actively sell a stock when it fulfills the selling criteria. In the past i often waited until my sell-stop was hit which always gave back around 10%. So i improved here. I sometimes buy stock also because i buy them on a bounce off the 50SMA and the indicators are almost there. This is maybe not good for learning purposes since these trades are not part of the clear system with defined exit and entries. It's for these trades where i don't really now where to exit. I bought TMBS a few weeks ago right at the 50SMA and it jumped over 25% in a few days. I "felt" i should've sold then but i waited for my classical indicators to give me a sign. When MACD(8,17,9) went down (not even zerocross) i sold but gave back over 10%. But it was still a profitable trade. But then again i notice that i'm not a daytrader so this kind of trades is very timeconsuming compared to your clearly defined system. I'd like to trade longer(more in the 3-6 week region-although these 20% hits in a week are spoiling sometimes)but i have psychologically a hard time to see a stock run up and pullback 50% but that's a completely different story. Thanks again Dave! Stefan

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next