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Replies to #18845 on Cycle Trading

farooq

03/07/18 1:53 PM

#18846 RE: Duma #18845

Key is not only buying with patience but also starting with smallest position and increasing as it is in your favor, same way is exiting at you markers and as it goes lower you comes out.
One will not buy lowest and sell highest. I remember I had 590 trades in a stretch without any loss and total 30 trades in a loss for a year. Once I thought I figured out most things and then long stretch of losing streak. Now I have more small trades, miniscule to start like a 10 cents spread to see if I am right.
When Nocona started the system we amended with EMA 5/8 cross and that was beauty to keep you in trade because CCI does kicked us out prematurely with strong trend many times on short duration charts as we were trading 5 min charts, so cycle with trend is the key.
Thanks for sharing your experience.
Good luck and happy trading.

diddunit

03/07/18 2:04 PM

#18847 RE: Duma #18845

Post worthy of being sticky’d, that’s for sure-

Do have a question. I’d like to recreate the 5 minute chart you posted above your Phase chart, but I’m awful at using Stockcharts outside of basic overlays. Is there a link or template to recreate the chart so I can dig into it more as well as learn more advanced features of stockcharts? Thanks in advance, I’ll head back to lurking like I’ve been for awhile now...lol-