RE: Beginners Questions
(2014-02-17, 07:29 PM)malaguti Wrote: Funnily enough I'm doing exactly the same thing, in fact what I'm putting together is a rating score, given that not all trades are equal. bonus points for the higher time frame for example, and a rating depending on which stage the sector may be in..
anyway, to your question (and my interpretation could be wrong) but he does state that although the pullback to the breakout point is the least riskiest entry and where you would add to your second half, its not always the case that it will indeed pullback. so in those circumstances, rather than chasing the trade (another of his don'ts) you would use the continuation setup
That's what I took out of that anyway
Good luck Malcolm
A scoring system that I came up with that might help you. I call it SATA (Stage Analysis Technical Attributes):
StageAnalysis Technical Attributes - SATA
- 10 Week Simple MA Rising
- 30 Week Weighted MA Rising
- 30 Week Simple MA Rising
- 52 Week Mansfield Relative Performance above Zero Line
- Relative Performance 30 Week Weighted Moving Average Rising
- Force Index Cumulative Volume above 9 Week MA (on a buy signal)
- Force Index Cumulative Volume 9 Week MA Rising
- Weekly MACD above Zero
- Price Greater than the weekly Kijun Line (part of the "Ichimoku Kinko Hyo" method, which focuses on dynamic support and resistance zones.)
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.