Replies to post #198 on Penny Stocks: Anatomy of a Trade (fka TOAST)

[Vendit]

This seems to be the best setup to trade MFNX.

Set stochastic to 5-3-3. Use only that one indicator. Watch the fast black line only.

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Only buy when the black line falls under 10 on the stochastic scale to the right.

Always sell when the black line reaches 80 on the scale to the right.

Rule number one; If you make an entry under 10 and the black line begins to rise as will the stock price........never second guess whether or not to exit your position if the black line forms ANY degree of an angle or bend on it's way to 80 on the upper part of the scale.




Reid