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

To: David R. Evans who wrote (7775)	1/14/1998 8:26:00 PM
From: gbr	Read Replies (2) \| Respond to of 12039

Great Advice! I just join SI, and was wondering if you can direct me on how I would use these indicators you have just mention? gary

To: David R. Evans who wrote (7775)	1/14/1998 9:34:00 PM
From: F Robert Simms	Respond to of 12039

I wish I had heard this advice when I started last year. But, then again I probably did and ignored it!<ggg> I sure do enjoy reading your notes. Maybe some day I will hear. Best Wishes, Bob

To: David R. Evans who wrote (7775)	1/14/1998 10:36:00 PM
From: Chris G.	Read Replies (2) \| Respond to of 12039

Dave, LOL!! Well I'm still your friend[gg] But no, I'm not looking for 75% returns in 2 wks. I'm looking for a 20% return in 3-6wks. But you're right in that initially, I wanted a 20% in 2-3wks. So, I experimented alot w. shorter indicators (stochrsi8,5) and found it's a nice time frame, but just not good results for a person like me w/ lower initial investment $'s. It'd be much better if one had $10K up front, THEN the smaller returns make it Much more profitable. After your last note, I decided to go back to StochRsi (14)and ALL uptrending indicators together (Dahl, ADXR, and VHF) as enters, and 80 cross of StochRsi (14) or MACD 5,13,40<0 as exits. My trades are at times longer, but let me tell you, it's keeping me out of alot of loosing trades, min. losses(>10%). and bigger gains when I hit a good one. I need to test it on more charts, but I think I'm on the right track! It makes better sense for me now....which is exactly what you're telling me![g] Hey, after I make my first $100K, then I'll go shorter![g] Thanks Dave for the excellent advice, Chris Glanton

To: David R. Evans who wrote (7775)	1/14/1998 10:59:00 PM
From: Terry Mitchell	Read Replies (1) \| Respond to of 12039

Dave, if you use Dahl or MACD (13,34,89) as your trading system would use them alone? Would you use other indicators for conformation? Would I look at other longer term indicators and MA's or look at weekly charts for even longer trends? I have thought about using MACD (13,34,89) and then using a shorter term indictor to time the actual buy am not sure this is really a good idea. My tendency in the past has been to throw indicators together haphazardly without realizing the interactions that could occur. Since your IBM example things seem to be coming together but I know I still have aways to go. I want to thank everyone here ,especially you and Richard, for the help you have provided me and so many others since the beginning of this thread. There is a vast amount of knowledge in the 7000+ posts here. I, along with many others I am sure, was just a lurker until your post #7382 really got me thinking. Terry