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 : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: SpongeBrain who wrote (25468)	1/16/1999 9:07:00 PM
From: Magnatizer	Respond to of 79326

Sponge TA is very subjective. Where one person sees an exit, another sees a hold. I would make a few suggestions which may help you to find which moving averages and parameters you would find work best for your style of trading. I prefer to use fib #s in my parameter settings and moving average choices. With moving averages it is fairly easy to find which ones suit you best. Simply plot many different mas on a chart to see which ones cross at points which you feel would be good entry and exit areas. With stochs it takes a little more time and experimentation to find those which you find to be the best for you. Stochs can be used as more than simple overbought/oversold indicators but you need to be taught those methods. A simple post on SI would likely not be a good place to learn how to use stochs. A little knowledge is dangerous you know. A more complete understanding (which can take hours, days, weeks even a lifetime) is what you need to use stochastics properly. I would do you a serious disservice to give you a parameter setting and tell you that one works everytime and when very specific criteria are met. 13 day RSI is dougs specialty and I would encourage you to check his old posts and attend one of his seminars. The information on the 13 day RSI is well worth the price of admission. P&F is not my game, i would tell you to go to the P&F thread on SI to get information on it. though I feel they are likely to tell you to do some reading and attend a seminar or two before you use it to make decisions. Market internals and AD lines are linked. Weakening market internals such as narrow rallys, low new high numbers, high new low numbers, etc are good signs that rallys do not have lots of backing. With the proper amount of dedication TA can be picked up in a relatively short amount of time. You are on the right path, just keep your eyes open, read all you can, experiment, read some more, experiment, read some more, experiment... and it will all start to gel. ht david