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Re: gjd post# 49

Thursday, 08/04/2005 11:02:05 AM

Thursday, August 04, 2005 11:02:05 AM

Post# of 1824
gjd--thank you for your kind words...

I understand how hard it would be to daytrade if you are using a work computer...I have a system of trading that works not only for daytrading, but also for swingtrading, and taking long term positions...All you have to do is use the proper time frame on the chart to adjust it to your style of trading...

As far as technical indicators go, Volume Studies are very important, Bollinger Bands are second, Simple Moving Averages are a close third, Stochastics are tied for third, MACD next, and I use the RSI and the ADX only to help confirm all of the above...

So a good start for you would be to learn Volume, Bollie Bands, Moving Averages, and Stochastics to begin with...this combination will give you a feel for the movements of a stocks pps...then you can add one at a time as you feel comfortable...

My personal settings for these indicators are unique, and have taken years of playing with them to get the results I desire...though you can use the standard settings to good advantage also...

If you need any help understanding them, I'm happy to help you get the basics down...just post here and ask specific questions, and I will get back to you as soon as I can...

If you have Skype FREE internet telephone, you can call me after the market closes...my username there is: daytradeyahoo

Good Luck To YOU, and to ALL ;^)







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