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

To: bdog who wrote (9746)	3/5/1999 12:03:00 PM
From: TA2K	Read Replies (2) \| Respond to of 12039

"The sting of mistakes better serves my memory." I'm covered with severe welts, and hope I don't go into shock and die, but I agree with you. I'm wondering at present about MACD, and if for the most part people here still recommend the standard MACD parameters 12,26,9 for entering long on short-term position trading? I'm curious if some different parameters seem to be working better these days due to shifts in trading patterns, trading technology, etc. Any comments appreciated.

To: bdog who wrote (9746)	3/5/1999 12:49:00 PM
From: David R. Evans	Read Replies (1) \| Respond to of 12039

I started out (20+ years ago) like most people, using FA..... I used all the hot methods like low PE, high PE, low Yield, high yield, low historic yield, high historic yield, high cash to assets, and on and on and on.... The problem I always had was entry and exit. I made a lot of money buying IBM at $40 and holding it for a year and selling at $65 but I was falling asleep doing it. I also found that there were times when I bought and the stock immediately went in the wrong direction so I held even longer.... This was not the way I wanted to do things..... With the advent of PC's and charting software I started "playing" with TA and found it not only exciting, but also useable... The more I got involved in it the more I could see the value. I could also see where I was making more money in less time..... The system I use has evolved over the years. I still use many of my original indicators but in different ways..... I use to just love the 5-13-40 EMA x-over and used it all the time. Now it's just a small piece (DNS) of a much larger picture.... I think most people who stick with trading will experience the same thing. The indicators and tools you use during your first year of trading may not be the same ones you use during your third and fourth year. They will grow as your trading skills grow, and they will change as your trading objectives change. The key is to stay flexible and consistent. Dave Evans