Excellent work gdiddy, this is a really outstanding contribution to the thread with some new information on some of his primary indicators like for example how to calculate the "eleven o'clock" indicator and also his "speculation index" - which is the weekly volume of the Nasdaq divided by the weekly volume of the NYSE.Attached is Stan's interview from Technically Speaking. Enjoy!!
While true it's a safer strategy, the A+ big winners don't ever pullback to the breakout level. So you are sacrificing the best stocks if you don't buy at the initial 2A breakout point. Weinstein's solution to this to minimise risk is that you should only buy half a position size at the initial Stage 2A breakout point.I think buying on pullbacks is a safer strategy simply because you have time to evaluate both volume on the breakout and on the pullback in price. Limit orders work great in this regard.
Gold broke through the Stage 4A breakdown point that I highlighted last week in the Stage Analysis I did. Silver too. Attached is the updated chart with the swing target.Thanks for the uploads gdiddy, and thanks ISAtrader for the link to the financial sense interviews. Some good holiday reading and listening in store for me.
Gold and silver have taken a big hit dropping below their 30 week ma's over the past few days! We'll probably have to wait until the new year before we see any real action in the rest of the major markets. A momentous year may well be on the cards.
Oh, how do you get volume on the eur/usd pair ISA?
Thanks gdiddy, I'm glad you liking the thread and agree about Weinstein's simple but effective approach. My hypothesis when I began researching Weinstein's method was that there must be something to it, as it had survived with very little changes for almost 25 years since the book was published, and his GTA newsletter and consultation service had become only accessible to institutional level investors with $60k a year to spend. I'm still continuing my study of it, but my conclusion so far is that it does increase your probabilities of success if you follow it correctly. As as he said in his interviews, simply never going long or holding on to Stage 4 stocks anymore will give you an advantage in this game.This thread is the reason why I signed up in this forum. No matter what trading strategies I've tried in the past, I've always found myself returning to Stan's simple, no-nonsense strategies outlined in his book. His Financial Sense interviews are great--I've listened to each of those interviews several times because I try to reinforce his main points. I wish I could dig up interviews he has done on NBR and with Gary Kaltbaum many moons ago. The guy is a market sage.
|Thread starter||Similar threads||Forum||Replies||Date|
|S||Weinstein rules for traders and 10 wma||Discretionary Trading||2|
|S||Clarification needed for Stan Weinstein's Technical Analysis||Technical Analysis||2|
|E||Stan Weinstein's Relative Strength||Technical Analysis||4|
|Stan Weinstein: secrets for profiting in bull and bear markets||Educational Resources||10|
|A||HSBA and STAN||Technical Analysis||1|
We get it, advertisements are annoying!
But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.