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Re: Alpha1974 post# 888

Friday, 01/06/2017 12:25:23 PM

Friday, January 06, 2017 12:25:23 PM

Post# of 2596
re "improve my technical trading. Any tips on how to do so?"

Look for the price per share to cross over the 3 day SMA. Then look for the 3 day SMA to cross over the 5 day SMA. Then look for the price and the 5 day SMA to cross over the 8 day SMA. When the price crosses over the 8 day SMA my buy signal begins to cue me...

Also, I have had good results using the CCI (5 day) rather than the RSI...my buy signal begins to cue me when the CCI is moving up from below -100 towards the 0 line.

Further, together with the above, I want the pps to be bouncing up from the bottom band of the BB(20,2,0)towards the bottom band of the BB(20,1,0) and moving up towards the 20 day SMA...

There are more factors to consider, but this should kick off a research study for you...all the above are fluidly flexible, but I have had very profitable results from technical analysis...because it frames the current price action relative to expected boundaries. Also, price tends to revert to the mean.

Good trading ahead...don't hesitate to ask questions...