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To: Sendme who wrote (33174)12/31/2018 5:45:04 PM
From: Qone01 Recommendation

Recommended By
Ms. Baby Boomer

  Read Replies (1) | Respond to of 41420
 
Yep, If I could have only one indicator it would be MACD. Watch the red and blue lines and their distance from the zero line. It also functions as a type of RSI giving a rough indication of how much juice the next cross will have.




To: Sendme who wrote (33174)12/31/2018 7:44:01 PM
From: Grandk1 Recommendation

Recommended By
skinowski

  Read Replies (1) | Respond to of 41420
 
I really like your system. It is a bit too "slow" for my taste but it has good risk/reward parameters, with defined stops and targets.

I trade primarily with MAs, focusing mainly on the 5 ma passing through the 10 ma. I prefer a set up prior to the cross, such as wedges, trendline breaks, pennants, flags, etc..When you get a 5 and 10 cross coupled with a breakout (up or down) of a set up it usually works out to a nice trade.

One last thing I like to do is to trade units. So if I enter into a position, i like to buy a certain amount of units, such as 150 shares, broken down into 3 units. Then I set stops at a predetermined point (decided prior to entering the trade) and sell the first unit (50 shares) at target 1, then 2nd unit target 2 and 3rd at target 3, often using trailing stops.

For my system to work, entry price is probably the most important thing. So, it is best when I only make trades that have a high probability of success focused on specific target entries. In this regard, it is similar to your system, although I will enter a trade sooner than you tend to, with a higher risk of being stopped out.

Anyway, thanks again for talking TA with the board. It is great to read and use it to hone my own trading style.