Welcome to the Backboard!
MUST READ POSTS:
Trading Wisdom : http://www.investorshub.com/boards/read_msg.asp?message_id=234672
A reading from the book of Serfdom:
"All tools are important - fundies and charts. Using one without the other is like eating peas with a knife.
But IMO, fundies are the reason to invest. Charts tell you when (or when to get out).---Serfdom
"The Magic Box" Setup by kgoodrich
#1. AROON- 8 You watch as the Aroon down crosses the 75 down and the aroon up comes up from zero. Most important. (\0/)
#2. WILLIAMS%R- 9 You watch the line cross the 50.
#3. ADX/DMI-5 You watch as the D+ line either crosses, or is higher then the D-
#4. MACD histogram- 5,15,10 You watch the negative bars register -50% smaller then the bar before it, or -50% smaller then the largest in the grouping.
#5. Full Stoch- 5,5 You watch the fast line cross the slow line while the aroon down(8) crosses the 87.50. Crossing the 20 would be best, when the williams agrees.
#6. Bollinger Band 20,2 You watch for the Magic Box to occur when the negative close touches above the lower bolly and the next day's close to it is positive growth in a white candle.
A merry heart doeth good like a medicine: but a broken spirit drieth the bones.- Proverbs 17:22
Used to detect potential trends in stocks, the Aroon measures (developed by T. Chande) compute the amount of time since a closing value reached a new high or new low. Given a specified period, the Aroon Up will search for the highest closing value during that period and return the distance from the most recent day for when that high happened. The Aroon Down works in the same way except looking for the lowest closing vlaue. Finally, the Aroon Oscillator simply takes the difference between the two values. Valid ranges for the Aroon Up and Aroon Down are 0-100 and for the Aroon Oscillator the valid range is -100 to 100.
Matt Brown and the GH3 Conspiracy
A Vast Library of Trading eBooks:
Rock out with your stock out.