Eman93 4,750 posts msg #102279 - Ignore Eman93 |
8/15/2011 8:36:38 PM
OK the 3 keys to a good swing........ oversold or overbought........ a cross of the 0 line on CMO(5)..... and a MACD cross
Place larger trades when these are presented.
When not in the oversold or overbought but still get a 3 key signal trade a smaller size.
Stops should be previous bar high and low.... buy the open of the signal day.
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Eman93 4,750 posts msg #102280 - Ignore Eman93 modified |
8/15/2011 8:37:53 PM
from the Chetman
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Eman93 4,750 posts msg #102281 - Ignore Eman93 modified |
8/15/2011 8:39:36 PM
This was in my other thread, thought I would start a new one dedicated to this.
As you can see in above chart you do better going with the trend.
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heypa 283 posts msg #102297 - Ignore heypa |
8/16/2011 1:28:50 PM
Eman93. How does one buy the open of the signal day?
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Eman93 4,750 posts msg #102300 - Ignore Eman93 |
8/16/2011 3:26:00 PM
Thats the trick..
i don't think this is a true mechanical system it only to alerts you that certain bullish events have occurred.
Then you could decided entry points.
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Eman93 4,750 posts msg #102317 - Ignore Eman93 |
8/17/2011 8:56:00 PM
remember that all indicators lag price action. but indicators do allow you to recognize more favorable conditions.
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