dusty13 |
Member, TeleChart
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Registered User |
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Tuesday, December 23, 2008 |
Monday, March 30, 2009 4:55:33 PM |
4 [0.00% of all post / 0.00 posts per day] |
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QUOTE (Apsll) Thank you AspII for the heads up on the list of stock you gave I did trade some of them today using the CCI (APOL) did good things today for me as well as (AKS)
It has been some time since last I introduced a new trading system. I was turned onto this gem through a good friend of mine that is known within the trading community "Wall Street Edge". I know that a few here know who he is.
This system requires only one indicator. "CCI 20" and it works like this. For Telechart purposes you simply sort your watch list or easy scan by the actual value of this indicator and then press the home key. You are looking for values over 100 where the indicator has not yet finished its peak and is pointing North. Second you need to look for the most recent peak that too was over 100 (Value). Now the current value must actually be higher than the previous 100+ value and rising. The condition is better if the current peak is in close proximity to the crossing of the recent highs value. In other words if the recent peak had a value of 105 than the closer to 106 that this current peak is than you are more likely to catch the rally in the early stages.
Here is a list of candidates that I am currently watching. Try to back test this system and you will see that it has an above average rate of success.
Good luck.
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I to must say thank you WSE for all you have shared ...I'm trading by the CCI that you showed us and wow it really works in the up trends ..( for me any ways) And I also wanted to add thanks to you AspII for showing me how to trade on trend lines .
thank you guys (can't wait to see what alse you guys have to teach)
dusty13
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