1. Study the PPO/ADX pincher charts
2. Find the major MA's 10, 20, 50, 100, 200
3. Find the RSI's, always look for a 30/30 cross on these. It's a buy signal for the PPO/ADX pincher. To confirm this buy signal, look on a 15minute chart with a 200MA...it must cross the 200MA. So the 30/30 rsi's cross in conjunction with a 15min 200MA cross is the pincher buy, with volume!
Note: on subs, (below a penny)...wait for a Psar or 20MA break and hold as a buy signal. If they break back down the Psar, sell. Note: if the RSI 14 breaks the 50MA, the PPS will more than likely go higher!
4. Find the Psar…is it below or above the 20MA? If the Psar is below the 20MA ...buy as it crosses the Psar. If it does not break and hold the 20MA...sell. If they back off the Psar...sell.
5. If it holds the 20MA...well, now it’s a turn chart. The 50MA will be up next…sell if it backs off the 50MA.
6. If it holds the 50MA ...we are now in uptrender territory. Up next is the 100MA …if it backs off the100MA...sell.
7. If it holds the 100MA …up next is the 200MA…sell if it backs off the 200MA.
8. If it holds the 200MA, dont let it fall below the 20MA...take some profit.
9. Never buy back until it again breaks and holds the 20MA.
10. An RSI 14 break of 70 to 90 is a sell.
11. My 15min chart rule: 'an RSI 5/2 cross of 50-70, as the MACD histo crosses 0 with better then normal volume, is a great buy signal'…especially for bottom busters...it works best when the MACD and PPO are turning up off the bottom of the daily.
Various Buy Signals for a Daily Pincher Chart:
· Watch for RSI (5) and (2) to cross above 30
· Watch for RSI 14 turning up from under 30 (oversold) position
· Watch for MACD and PPO to turn up from bottom
· If the PSAR is below the MA20, a buy signal is created when the pps moves above the PSAR
· If the PSAR is above the MA20, a buy signal is created when the pps moves above the MA20
· Watch for positive divergence on the MACD and/or it crossing above the 0 line
Various Buy Signals for a 15 Minute Chart:
· Watch for RSI (5) and (2) to cross through 50-70
· Watch for MACD Histogram to move above the 0 line on above average volume
· Watch for PPO to cross above 0 line
· Watch for PPO (12) to cross over PPO (26)
· Watch for ADX +DI to cross over -DI
· Watch for cross above 200MA
Various Sell Signals for a Daily Pincher Chart:
· Watch for a break and hold or bounce back down from the MA20. If it bounces off, this can be used as a sell signal.
· If the pps is held above the MA20, next up to watch for is the MA50.
· If now the pps won’t break and hold above the MA50, this can be used as a sell signal
· If MA50 is broken, next up is MA100 and after that, the MA200. Same rules apply to these as shown above
· Do not buy back until it breaks and holds the 20MA again
· RSI (14) cross of 70-90 is a sell
· The MA’s can also be used as support and resistance points
Various Sell Signals for a 15 Minute Chart:
· A fall back below the 200MA is a sell signal
· PPO to fall below 0 line
· PPO (12) to fall back below PPO (26)
· ADX +DI to cross back below –DI
· MACD Histogram to fall back below 0 line
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