andycan
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what market are you looking at? what time period?
if you are talking about moving averages and you are new to trading this is not a wise move,
moving averages can work if a market is trending(but should be use with other tools)if the market is in a trading range you are going to get punished severely
if you are talking about moving averages and you are new to trading this is not a wise move,
moving averages can work if a market is trending(but should be use with other tools)if the market is in a trading range you are going to get punished severely
Lightning McQueen
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Askjo said:Good chart for example!
yes I too liked this explanation for its simplicity, its a flawed example if you look closely but none the less a good post IMO
cheers
don
TopIQ said:Only trade with the trend, higher lows or closing price above above 10M. The stochastic is used for a setup and trade is triggered on previous days high or low.
see chart
EXIT trade on the morning of the THIRD DAY!
i like ur post,simple and effective way to trade short term.descretion may be applied in selecting stock,which are having higher ATR.
one can use 8ma above 21ma to decide the trend(uptrend) and look for price to come below the 8ma and then buy when price is crossing highest high of previous two days.help of DI system may also be taken to further confirm the trend if needed.better to backtest coz MA system varies for defferent securities.
nkruger
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Hello LapTop - would you be so kind a sto expand on this strategy ?
Thanking you in anticipation......
NK.
