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Registered User
Joined: 10/7/2004
Posts: 8
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We are all interestee in getting in at the bottom and selling high. Is there some indicators better than others for doing this? If so, what are the settings and what is the time schedule {day 2/3,or week?
Your ideas will be appreciated. Thanks - BOB
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Registered User
Joined: 8/27/2006
Posts: 74
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My system is 4 to 6 month chart at a glance, but will go back 2yr for historical data, I use Candlesticks, 20 and 40 SMA, indicator CCI5, Volume “look for massive selling red large bar in volume, my Candlesticks must bounce from my 20 MA, and before that I must see, at less 4 down pervious red candlesticks in a down trend, and I will only be in the trade a maximum of 8 days. Since I consider mi self a swing trader.
Oh, P.S GUT INSTINCT.
Go into you TC2007 set up what I just said above and look at the dates between 5/10/06 and 6/02/06.
And Glad to help, if any..
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Registered User
Joined: 8/27/2006
Posts: 74
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OH, but not always go for the SMA bounce, here is when gut instinct comes in, but 90% of the time I look for the bounce of the 20 MA.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The trainers cannot give settings, interpretation or investment advice. I'll move this topic to the Stock and Market Talk forum where other traders are more likely to see it and comment.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 1/28/2005
Posts: 6,049
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I think sector strength and stock price strength are the most important
aspects of trading.
(over 100 to 250 days)
The most important aspect of the previous 18 or so months was realizing
the strength of Energy and Commodities/Metals.
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I don't care what indicators you use or their settings. You would have probably
made a lot more money (on the long side) focused on stocks
like:
Q
BLS
RAI
then if you had focused on:
DG
JNPR
DELL
(over the past year)
Thanks
diceman
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Registered User
Joined: 7/8/2006
Posts: 20
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stock market to me is really new. I got trained with couple courses read 7 books since last winter but I still have problems on picking "winners".
I am more orientated towards capital growth at the moment but I have to admit that I have been in red since the beginning. So I can honestly say that I have a huge list of "losers trades". Perhaps it come down to fortune or I do not have clues to how to put in place a winner strategy.
It is strange to me because i think i am a winner mindset!
I accept indications or suggestions on methods and strategys that might wake me up and crack on with it!
Thanks
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Registered User
Joined: 8/27/2006
Posts: 74
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Try my system see how it goes.
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Registered User
Joined: 7/8/2006
Posts: 20
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Thanks epineirojr. Not quite sure what u mean by CC15 indicator.
I do not know yet how to use candlesticks. I am using bar and close. Do you think there is a huge difference between them? I use pretty much your strategy but RSI and slow stochastics as indicators. Maybe I haven t developed a "timing" gut decision skill? do you always or most of the time pick bullish stock? I do trade in AIM and OTC penny share most of the time Bearish stocks. Do u think is that the issue i am having on picking winners?
Thanks again
Vincenzo
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Registered User
Joined: 7/8/2006
Posts: 20
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or on picking good swings?
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Registered User
Joined: 8/27/2006
Posts: 74
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Ok, I use line chart to draw trend lines, (never used bar chart, never now how to use it) and Candlesticks to predict next day’s event swing also use my CCI indicator (look around the forum for the formula) and CCI is an over bought/oversold indicator. Well also use volume I like when volume is above average for that day, and if is a red bar its even better, is a sell off, and also my moving averages must be right...And now I am starting to get into SnapSheets and use the fundamentals like technical indicators. But 85% I only buy NASDAQ stocks above 10 dollars. I do not buy penny stocks and will never look at one, I need prices to swing at less 50 cent and up. Just keep building your strategy, and discipline and you’ll be ok. It took me about 4 to 5 Yr, but I found a great strategy and am doing well. Also never forget your stops. My stop is usually the lowest low of the previous price, or the very low of the previous candlestick wick.
Well Take care, and happy trading.
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Registered User
Joined: 7/8/2006
Posts: 20
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Thanks Epi,
I really appreciated your advise.
Take Care
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Registered User
Joined: 1/28/2005
Posts: 6,049
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eziolone
Quote:"I have a huge list of "losers trades". "
Quote:"I do trade in AIM and OTC penny share most of the time Bearish stocks. Do u think is that the issue i am having on picking winners?"
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I think your answer is within your posts.
You should examine your old trades. Categorize what you did correct
and what you did wrong.
Stops too close.
Stock went against you quickly.
How did the stocks perform after you closed the position.
Did the stock ever head in the direction you thought it would.
and so on.
My guess is after looking at old trades. You may see a pattern of what you are doing wrong.
Also I would recommend staying away from penny stocks until you
understand the risks involved.
I would rather buy less of a quality company. Than a "cheap" penny
stock.
If you have no idea of what makes a quality company. Then go to a
library. They will probably have a Valueline investment survey.
Make a watchlist up from their recommended stocks.
Thanks
diceman
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Registered User
Joined: 7/8/2006
Posts: 20
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thanks Dice,
I think you right.
I did not go so far examining so deeply inside pre and post trade actions.
I will definetely consider your advise as a kick in the ass to do better.
REgarding Chip stock is a matter of liquidity right now.
i am confident that it will go better and better
Thanks Again
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