Simple TA by Wizetradr

[Wizetradr]

Hey Cha-Ching, welcome aboard....

When it comes to indicators, I personally prefer macd over adx, some here prefer adx over macd. Since they both are like indicators it's just a matter of personal preference and what you are more comfortable with. However on weekly charts I find macd is a very reliable indicator. We are a little different here than most boards as I like to stress the value of the weekly chart, most others only use the daily chart.

I have updated the chart you posted with the indicators I personally use, remember I like to keep it simple. Here is the link:

http://stockcharts.com/h-sc/ui?s=QOIL&id=p35231741572&def=N

Now here is the same chart, only this time it is a weekly chart:

http://stockcharts.com/h-sc/ui?s=QOIL&id=p04362870157&def=N

As for scans, If I had a scan that would predict every pop in a pps, I think I would be sipping Pina Coladas surrounded by a bunch of naked Tahitian women. But we do have some scans that make it a little easier to make safer trades. I believe it was wilsimon that has already put one up, I will try to put the scans I use up soon.

You seem to have a basic grasp of 5/10/20 already, so I think if you study the two Qoil charts that I posted with the 5/10/20 in mind, it will save me a whole helluva lot of typing!! lol. Keep comming back to this board and it will help to refine your knowledge of the 5/10/20 system, I simply can not do it in one post. Again welcome aboard and I look forward to your continued participation.