LebowskiUrbanAchievers 56 posts msg #90877 - Ignore LebowskiUrbanAchievers |
4/7/2010 8:40:59 AM
Alf,
Thank you!
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Eman93 4,750 posts msg #90937 - Ignore Eman93 |
4/8/2010 7:54:57 PM
Alf,
Do you still consider overall market technicals? EX, if SPX is in extreemly overbought territory would you still trade a good long set up?
Do you do any other research when considering a trade?
TIA,
Eman
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alf44 2,025 posts msg #90939 - Ignore alf44 modified |
4/8/2010 8:49:05 PM
As a "trader"...you ALWAYS "consider"..."overall market technicals"...ALWAYS !!!
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NOW...you ask...
"...if SPX is in extreemly overbought territory would you still trade a good long set up..."
The answer to this question is...YES...MAYBE !!!
The PROBLEM with this question is...a good long set up... to YOU....may NOT be a good long set up... TO ME !!!
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Trading Style...
Temperament...
Risk Tolerance...
Time Horizon...
Account Size...
The list goes on and on...
In the "REAL WORLD" (where some of us reside) ... "actual" trading decisions are very often...MUCH MORE...than "set-ups" !!! imo
Regards,
alf44
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alf44 2,025 posts msg #90970 - Ignore alf44 modified |
4/9/2010 11:24:43 AM
Ch - ch - changes ...
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* I have added a NEW COLUMN to the filter...and updated the original post of this thread. fwiw
The NEW COLUMN (...10^ ) tells me the number of consecutive Closes...either ABOVE (+) or BELOW (-) the EMA(10) !
This is a nice tweak to the "filter / system" (imo) as it provides additional "Trend Info" ...AND...
...further enhances the "at a glance" functionality of the column display.
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Ch - ch - ch - ch - changes ...
Just gonna have to be a different man...
Time may change me...
But I can't trace time !!!
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jfprofit 1 posts msg #90989 - Ignore jfprofit |
4/9/2010 5:08:42 PM
Thanks. I am using it.
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alf44 2,025 posts msg #91002 - Ignore alf44 modified |
4/9/2010 11:27:57 PM
GLTY !
Feel free to offer some feedback !
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Eman93 4,750 posts msg #91018 - Ignore Eman93 modified |
4/10/2010 12:29:59 PM
The PROBLEM with this question is...a good long set up... to YOU....may NOT be a good long set up... TO ME !!!
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What would you consider a good set up?
I would consider a stock in a good uptrend that has pulled back to a major moving average or a trend line, most if not all the indicators are looking bullish.
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alf44 2,025 posts msg #91020 - Ignore alf44 modified |
4/10/2010 12:47:42 PM
What would you consider a good set up?
I would consider a stock in a good uptrend that has pulled back to a major moving average or a trend line, most if not all the indicators are looking looking bullish.
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I would tend to agree !
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Your original question though was about ... do I consider market technicals ... and ... overbought territory ...
But...YES..."buying a pull-back in a strong trend" ...is for the most part a sound trading strategy. imo
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alf44 2,025 posts msg #91113 - Ignore alf44 modified |
4/13/2010 12:08:54 AM
OH...I see'em lil dude !!!
TAILS...TAILS...TAILS !!!
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..what can I say ... that I haven't said already..
.. I'm "SHORTER" than Verne Troyer !!! ..
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alf44 2,025 posts msg #91199 - Ignore alf44 modified |
4/14/2010 9:39:52 PM
................................ OUCH !!!
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.......... Thankfully ... I enjoy "Banjo Music" !!!
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