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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (11871)	4/26/2001 1:12:01 AM
From: Ronald P. Margraf Sr.	Respond to of 12039

Hi Mike, Actually Mike, the only thing that separates us is the markets that we trade in an the risks that one is willing to take an how much money we want to work with. I like to put little money in for high returns, you like to put in big money for a return. As far as risk management, we are actually doing the same, we just call it something different an go about it in different ways. Now as far as T/As go. I like to keep it simple.;-))))))))) Other then Price an Vol., I use these indicators: Price momentum line Alerts w/RSI w/% MACD ADX/ADR Stockastics (weighted) Money flow index I find these best tell the story of what is going on. I have removed the standard perameters an put my own in to suite the markets mood. The more volatile, the shorter the time frames. I DON'T SHORT STOCK BECAUSE THERE IS NO NEED TO WHEN YOU CHANGE THE PERAMETERS.;-))))))))))))) The program will tell you when to get out or get in. It's all about how you read it an how you have it set up. My program gives me that ability.;-))))) That is why I love it so much. I am the analyst. Not my broker or any house. As far as the ones that are the least useful, I find candle sticks to be really a repeat of the price indicator. In the markets today, I find the 50, 100 an 200 day moving averages corrupted. An last but not least, the upgrade or down grades by the so called pros..;-))))) Now I would like to remind you that I do trade Chips from time to time when I can afford them.;-)))))))) So Mike, I hope this has addressed your post. I'm open for continued dialog. Ron

To: Michael Watkins who wrote (11871)	4/26/2001 2:21:15 AM
From: Ronald P. Margraf Sr.	Read Replies (1) \| Respond to of 12039

Now Mike, I will give you a little T/A on what I think about a stock. Run it through your program an see if you come up with what I do. The stock is FONX. It closed today at .375. Here is the way it was stacked at the close of the day. On the bid side: .37, ..365, .36, .355, .35, .34 an I won't go lower because it probably won't so there is no need. On the ask side: .375, .38, .385, .39, .395, .41 an upward. Now if I was to ask you at what price do you think you could get in at, what would your program say. At what price would it tell you to get out????????? What does your T/As tell you??????? So let me tell you how I read it on a T/A basis. The price indicator tells me that it has to fill a gap, the price momentum line tells me that it will continue to go down or settle where it is at. In other words won't go lower then .35. The MACD is up but weak. wants to turn to the down side. The ADX/ADR tells me that over the last few days, folks have been selling. Therefore the stock has been taking a hit. Price going down. Stochastics back that up. Money flow index also backs that up so therefore I would put a bid in at .35 or .36 tops. Now the question is where would I get out. Hummmmm, now there is the perplexing question????? How greedy are you????? How much risk do you want to employ??????? So here is where I read the exit. Looking at the price indicator, I know it is good to .40+. So if you want to make 250.$ or 1g every 7 trading days that is up to you. Get my point??????????? Now the only thing that can corrupt that is current events. No one has controls over that, that is why you protect your self. You have a holding position. So run it through your program an give me your take on the T/A side of it. Myself, I will wait for the boards post an see if I am right. I think tomorrow I can get this at .36 but it has a chance of hitting .35. I'll put a bid on this tomorrow if all is is right @ .36 unless the board changes before the open.;-))))) Ron