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


To: freelyhovering who wrote (8577)9/9/1998 10:18:00 AM
From: David R. Evans  Read Replies (1) | Respond to of 12039
 
Hello Myron,

I have run numerous system test on the various indicators to see what type of entries and exits they would give me. Both StochRSI (14) and the various MACD's gave good results. I use the indicators together as a group because I do not trade strictly short - medium - or long term. I like to get in with the shorter term indicators like Parabolic SAR, StochRSI (14) and MACD (8-17-9) then hold through the longer term guys like Dahl, MACD (13-34-89) and DNS. This is what I call playing the Big Run...... In most cases, I will not hold longer then MACD (13-34-89)......

I have found that there is no best indicator or system!! You use the one that makes you money..... The only system test that counts is your bottom line!

Years from now the people on these Boards will realize that they wasted a lot of time looking for the holy grail when it was there all the time, hiding inside of them.... The secret to WINNING in the Markets is sticking to your system....

You will know when you have made the jump from "PLAYING" the Markets to WINNING the Markets when you no longer feel the need to create hundreds of scans, indicators, and systems and settle down with the one that makes you money...

Dave Evans