Short Term Trading Member Forum

[PriceTeam]

Cdeeley, when trading the daily chart I want to get in early and stay in as long as the trend continues. Trying to buy on a cross of the 10-dma when late in the cycle is tricky--possible but the risks go up. So these giant moves that happen in the last half-hour of trading or the first half hour--these in my opinion are noise--unless we are talking about the rise out of a cycle low.

I really like the shape of the lines on AAPL on May 26. The upward arc of the 10-dma, the up-sloping 20-dma, the up-sloping 50-dma. This is the sweet spot. Buy this and you can hold--and then noise will happen but your trade is beyond the noise.

Sometimes even buying the sweet spot will fail. So what? That's trading. At least you now have objective criteria for determining whether the trade is a GO or a NO-GO.

Ted