Silicon Investor (SI) -- The First Internet Community

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 : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: profile_14 who wrote (351)	11/11/2004 3:20:03 PM
From: chowder	Read Replies (1) \| Respond to of 13449

Profile, One of the biggest mistakes that people make in playing the market is that they put too much focus on price. Forget the price. Pretend it doesn't exist. Then look at the rest of the indicators. Although MACD has turned negative, what else is confirming the idea of a short position here? The price is still up near the upper momentum band, confirming a strong uptrend. We aren't seeing any huge selling volume. Money flows are incredibly strong. The price may pull back here but how far before additional buying comes to support the price? On a risk vs reward scenario, there isn't anything to confirm the negative MACD yet. You may have a hunch that the price will fall and your hunch may be correct but, that's not a recipe for successful trading. Hunches are as successful as flipping a coin, maybe less successful. A successful trading strategy will consistently play the odds. You will have some wins and some losses but the system, over time, will provide you with more consistent results. That's the same principle that your world class poker players use. Play the odds and when the odds are in your favor, raise the bet. Trying to bluff the market will make a consistent loser out of anyone. stockcharts.com[h,a]daclyiay[pd10,1!b50!b200!b20!f][vc60][iut!Lah10,30,5!Lc20]&pref=G dabum