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Re: Juststocks post# 955

Wednesday, 04/13/2005 5:51:46 PM

Wednesday, April 13, 2005 5:51:46 PM

Post# of 44374
How can someone learn when you have so many indicators?

I don't really trade stocks anymore, I have learned that I make very consistant money trading the futures market. I hold nothing overnight, so I have no risk after 4:15pm EST, I sleep much better this way.

When I do trade stocks I would only trade triangles/wedges where you know the trade is wrong very quickly.

for my friends I tell them to use the 21EMA and 55SMA moving averages to show strength and entry. Never buy a stock that the 21EMA is less than the 55SMA (some use 20 and 50, but I am a EE, so I use fibinacci sequence numbers...) When the 21EMA has crossed the 55SMA, simply buy 1 lot at the 21 and another at the 55. If you have two consecutive closes below the 55SMA, exit at the 55SMA, or at a resistance level based on horizontal TA methods.

This method would have first had you long one lot at ~$0.09 back in Dec, had you not been advised of the cross there were many opps to get in around 0.10

Had you waited for the big spike in feb, you would have been long at .27 and .21.

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