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Re: Hawks_Stocks post# 2973

Tuesday, 12/28/2010 2:35:11 PM

Tuesday, December 28, 2010 2:35:11 PM

Post# of 4247
Hawk not sure even what your trading with. But if you using stock charts use the 5 min two day and since it does not have the 3 min even review the 1 min.

1 min above the macd zero line is when your stock is making its move above the zero.

5 min use the ma-20 overly just as you would be looking for a swing play with the 60 min charts.

Trend your highs and lows and wait for the stock to pull down to the trend or same with the high. Either trend breaks up or down you may see close to the next resistance zone. Make sure you have the price tags check on your charts.
Your trying to buy after your macd has cross and your adx has crossed and has bounce off 20 as that next candle moves your breaking the zone. This point your williams would had held above 40 or even 50. Your aroon would be above 30 and or bounce off and will follow as the zone breaks to the up side. You missed the buy point it’s because you’re forcing the trade and your adx did not bounce off the 20 and holding above 30 on the zone break.
Rule 1 discipline have some
Rule 2 wait for the moment do not force the trade.
Rule 3 if you missed the buy point and it comes back to hammer you, Well you better have a plan and know you resistance / support zones and when to bail.
Remember you have to bite at it to eat an elephant.

Keep Your Eyes on The Cash



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