AI
Tuesday, July 13, 2004 11:42:45 PM
TFG, I haven't posted here in a while, but that doesn't mean I haven't been using xdev. In fact, I was just checking out some old set ups just to make sure they made it through the latest update. I was happily reminded of one in particular, DROOY, that I would include in your prospective list.
One of the particular ways that I use xd - and I'm not suggesting that this should be in the xd manual (but should be discussed at length) - is to look at stocks over a fairly long time frame (6 months +). What I look for are stocks that generate significant returns over a very long period of time with steady or slightly tuned settings.
DROOY is a good example of this. My original setup dates back to about a year ago with a starting point of March of last year. Upon opening today, it had a gain of 142% vs 12% b&h. With fine tuning it was simple to get it up to 187%. The basic buy and sell points falling in the same general area.
I am drawn to these types of plays because of their long term consistency in producing reliable buy and sell signals. Ironically, I use these types for full vest, all or nothing positions. I get a high level of confidence from the buy signal, enter a position, and target an exit price that is usually a bit under the next sell signal.
The ironic part being, of course, that I would be much better off if I would just follow the text book signals on this over the long term.
Interestingly, DROOY is coming off a sell signal. I am expecting a reasonably straight forward drop to the next buy signal, as I am also expecting XAU to fall short term to the low to mid-80's (mid to lower 20, 2 BB). It's a nice confirmation of my overall gold opinion, and I've never had luck getting XAU to xdev very well.
Bottom line, jump on DROOY on or near the next buy signal.
Best,
Stiv
One of the particular ways that I use xd - and I'm not suggesting that this should be in the xd manual (but should be discussed at length) - is to look at stocks over a fairly long time frame (6 months +). What I look for are stocks that generate significant returns over a very long period of time with steady or slightly tuned settings.
DROOY is a good example of this. My original setup dates back to about a year ago with a starting point of March of last year. Upon opening today, it had a gain of 142% vs 12% b&h. With fine tuning it was simple to get it up to 187%. The basic buy and sell points falling in the same general area.
I am drawn to these types of plays because of their long term consistency in producing reliable buy and sell signals. Ironically, I use these types for full vest, all or nothing positions. I get a high level of confidence from the buy signal, enter a position, and target an exit price that is usually a bit under the next sell signal.
The ironic part being, of course, that I would be much better off if I would just follow the text book signals on this over the long term.
Interestingly, DROOY is coming off a sell signal. I am expecting a reasonably straight forward drop to the next buy signal, as I am also expecting XAU to fall short term to the low to mid-80's (mid to lower 20, 2 BB). It's a nice confirmation of my overall gold opinion, and I've never had luck getting XAU to xdev very well.
Bottom line, jump on DROOY on or near the next buy signal.
Best,
Stiv
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