Wednesday, May 18, 2011 9:27:32 PM
Hello Lowtrade Fish On
I used your basic entry rule that I saved from a post of yours below.
I had concluded that confirmed entry was right around 3.18
The 5 day, 10 day and 20 day SMAs overlay show early entry when the 5 crosses above the 10 and confirmed entry when the 10 crosses above the 20. This setup is used for swing trading short term 1 week to a month.
Use the 2,4,8 day for less then 1 week swing trading.
I would like to gain your thoughts on confirmed exit signs, My exit strategy is just a trailing market stop at this time.
Watching the RSI for previous high levels??? is this important?
Regards
Topfuel
I used your basic entry rule that I saved from a post of yours below.
I had concluded that confirmed entry was right around 3.18
The 5 day, 10 day and 20 day SMAs overlay show early entry when the 5 crosses above the 10 and confirmed entry when the 10 crosses above the 20. This setup is used for swing trading short term 1 week to a month.
Use the 2,4,8 day for less then 1 week swing trading.
I would like to gain your thoughts on confirmed exit signs, My exit strategy is just a trailing market stop at this time.
Watching the RSI for previous high levels??? is this important?
Regards
Topfuel
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