Boy Eric,
You hit the nail on the head! I miss Jerry's KISS trading. I read Richard's note about Trendlines and I "personally" don't agree with him on that subject but that doesn't mean that I don't agree with other things Richard says. Same for Dave E. I don't agree with everything he says or his belief's but that doesn't mean I don't read what he writes and then look for myself to see what he's talking about.. I've learned more about trading from Richard, Andy, Dave, Jerry, Peter, Joe, Bill S, Bill R. Tim, Brooke and the rest of the TA gang then I could have ever learned in YEARS of College. It doesn't mean I agree with THEIR way of trading but I have learned to blend them into MY tradng system. I prefer very short term, lower priced stocks to play with. I'm more of a risk taker (I believe) but that might have to do with being on the Left Coast...(G)
I use trendlines, Support and Resistance points, candlesticks, Realtime 1 to 15 minute charts, AIQ to do my scanning, Mytrack to follow my stocks of interest, I look for stocks to play the following day using End of Day data. I use mostly chart patterns and volume to find my trades along with PHASE, MACD (6-14-5) SK-SD (6 periods) to confirm moves. I Look at Float and Sector to see how many shares are in play as well as what Sector a stock is in to see if that sector is in play.
I consider myself a TA trader, I rarely know the name of the companies I TRADE in but I'm not against glancing at FA to learn just a little bit more about the stock I'm going to daytrade....
Once you close your mind to learning, the markets will pass you by.... I've been at this for some time and I still consider myself a learner... not a teacher...
Open minded from the West...
Ken Carter
ps, Hi Jerry.. (G)
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