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Re: sammy1024 post# 8958

Friday, 10/21/2005 1:32:31 PM

Friday, October 21, 2005 1:32:31 PM

Post# of 79026
Daav..Yes I can..In fact I use it for all my entries..He just uses a 3 and 7 SMA on a 5 min chart. He will buy when the 3MA crosses the 7MA and will stay long until the 3MA crosses back down below the 7MA..He has been using the system so long that he can eyeball when there is a headfake on the 3 min cross..So what I did and this workes very well is I added a 20MA. So I now stay with the trade until the 3 and 7 MA's cross back below the 20MA..The other secret to this system is if you are going to go short, wait for the 3/7 and price to cross the 20MA and you are pretty safe..Then you want the 20MA to start sloping down..Then you just ride it till 3/7 and price all cross the 20MA...Then you probably could go long..On this sample chart, the 3 has crossed the 7, but they are both still above the 20...We want the 20MA to start sloping down..I then move out to the 60 min chart to try and determing where it could go..
http://stockcharts.com/def/servlet/SC.web?c=AAPL,uu[w,a]iaclyiay[d1][pb3!b7!b20!d20,2!i][vc60][iUa65...

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