try and keep the chart reading simple to start, dont go all hog wild looking at dozens of averages, these charts i am posting are replicas to what an algorithm program triggers, i been working this for some time, the crossover is the ticket to the elevator to the top floor, everybody has a gig,
Trade what you see, not what you think.
some oscillators just confirm your conviction the price will move up. 2 crossovers that are good are the 8ema x 34ma, or the 7ema x 26ema that i am currently testing.
take for instance BLFS, still on the go, as you can see, May was a perfect entry point, May 8 when the VTX green crossed upward, dont confuse yourself here, just watch the 7 x 26ema, it always hugged the 7ema, the 26ema can be used as your stop loss. ok. yeah there will be dips and sideways, but you stay the trend until it falls below the 26ema or 34ma.
lets have anoter look. not all stocks will do what BLFS did, those are exceptions, you may have to swing trade many untill the trend is establised, enter trades around the crossover and target at least 20% then up to 50% exit.
MTLS this is a real trade i am in, on 9/13 bought MTLS for $13.40, figure 20% profit would get it to $16.08, now im watching the RSI and full stochastic which are suggesting it is slightly overbought, but i think it can go a bit further, maybe 30% from entry if it take out those 2 previous highs, so my new target will be, $17.42...and i will watch closely, no trailing stop yet but i my do it soon enough.
keep coming back, it works if you work it. get your feet wet and tell me when yor ready.
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