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Re: Pennydream post# 209071

Tuesday, 11/27/2018 1:01:18 AM

Tuesday, November 27, 2018 1:01:18 AM

Post# of 235044
I use much faster technical indicators than most "Technical Analysis" sites which often use technical indicators way too slow for swing trading where I attempt to BUY closer to rebound bottom as possible (Closer to the bottom, higher the trade gain).

5/30 Day MA interaction (5 Day MA falling below 30 Day MA) is used to WATCH a stock and as rebound bottom starts to form, I will reference MACD/histogram movements along with daily volume/intraday bid/ask activities to make my BUY decision.

Many times, as I set my "Take Profit/SELL" point, TA sites are just starting to catch up and recommending "BUY".


- WATCH as 5 day MA (blue line) fell below 30 day MA (red line).
- BUY as 5 day MA bottomed and MACD (black line) rose off reference line (red line) with histogram going positive.
- HOLD once 5MA cross and stays above 30MA (both 5/30 MA rise).
- SELL / Take Profit as RSI rise above 70 (Turns green) and 5MA peaks


My technical swing trade watch list - https://investorshub.advfn.com/Swing-Trading-Model-36395/