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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: TA2K who wrote (16133)	10/3/1998 11:50:00 PM
From: Kenneth R Miller	Read Replies (1) \| Respond to of 120523

I'm using 28-13-4 for tscn 1st 2nd 3rd ma for MACD. I don't know anything about metastock sorry..

To: TA2K who wrote (16133)	10/4/1998 10:38:00 AM
From: Jenna	Read Replies (5) \| Respond to of 120523

The RSI 14 that is okay, the MACD 12-26-9 is okay, Momentum I use 12 sometime 22.. The Stochastics 5-5-3, sometimes I use 5-3-3 and 8-5-5CCI 18-9; I use a 14 period slow stochastic I use stochastics in a 5 minute chart..You can use ROC, RSI, M, ..etc. Moving averages of low / high prices using Moving averages of low and high prices in 5 minute chart. Support and Resistance using a moving average of 10 bars of high prices and 8 bars of the low prices. Draw lines through the high prices bars (resistance) and the low prices bars (support). When the trend is down the 10 bars of high prices will be resistance, then the trend is up the 8 period of low serves as support. Any time after the market opens and you get two 5 minute price bars above the moving average of the high that you have drawn before, you can presume you have an UPTREND. You can set your buy price at a midpoint between the moving average of the NEW highs(10 MA of high) and the moving average of (8 MA of the lows). Or you can just buy as price hits off support (8 period MA of the lows) and sell when it reverses down through resistance. Volume must be an indicator in your daytrading system A most important indicator to add to your system is volume.. Volume should be reaching a high relative to stocks 10-day moving average of volume. This confirms the buy signal and prevents false signals. When the volume increases that much the new trend in more clearly established. <b.Slow Stochastic on 5 minute chart Use a 14 period slow stochastic on 5 or 10 or 15 minute data. Using the slow SI for daytrading signals buy when the percent K and percent D lines cross above 25.. Don't necessarily y sell when it hits 75 but wait because sometimes in a very volatile market like the one we had Friday the SI can go above 75 and further for a real 'pop'...Overbought stocks can stay that way for quite a while. Always have a weekly chart next to the 5 minute chart... The trend is established with the weekly chart and buy/sell signals within that trend is triggered by the 5-10-15 minute charts.