Newbies Trading Strategy - Possible??

This is a discussion on Newbies Trading Strategy - Possible?? within the First Steps forums, part of the Reception category; Al-Motor: I like your sentiments "u have a trading personality that u are not aware of"......... something I've never encountered ...

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Old Dec 24, 2003, 10:06am   #16
 
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Nephin started this thread Al-Motor:

I like your sentiments "u have a trading personality that u are not aware of"......... something I've never encountered anywhere during my research - very interesting and thought provoking

FTSEB: please feel free to "hijack" the thread: the input you are providing is very enlightening.

Cheers

N

Last edited by Nephin; Dec 24, 2003 at 10:32am.
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Old Dec 24, 2003, 1:49pm   #17
Joined Sep 2003
Re: NOT INTRADAY TRADING STRATEGIES

FTSE,
Thank you for your informative reply.
Re alternative #3, ie, 'trade off a weekly chart' , I am struggling to identify a strategy which tests successfully. Wondering if you had any ideas about the most appropriate type of strategy, For example, if I traded the FTSE100 via CFD or SB, is there a strategy you know about (or discussed on T2W) which I could start to read about. Most of my thoughts re trading strategy currently involve using supp/resistance with a few moving ave and momentum indicators.

Very grateful for any thoughts.
Thank you, have a good Xmas.
G:-)
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Old Jan 2, 2004, 9:38pm   #18
 
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Hi Gwenallt

I'm sorry I haven't replied yet. Christmas and New year got in the way
(Actually, it's taken me this long to come up with a usable strategy )

Quote:
Most of my thoughts re trading strategy currently involve using supp/resistance with a few moving ave and momentum indicators.
I'm not one for indicators, but I can see how a moving average could help you to find good directional trending stocks.

I think you need to look for stocks that are trending on a weekly chart. This will give you the direction, and you can then look on a daily chart to find set-ups eg. Charting patterns.
The tricky bit is finding stocks on a weekly chart that are trending

Just had a quick look and it seems my old favourite AVZ has been trending well.

I hope this explains it a bit better. If not then please let me know.
I haven't traded like this, but there is no reason why it wouldn't work well
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