StockFetcher Forums · Filter Exchange · would anyone be interested in writting a book with me- called--the closest thing to the holygrail<< 1 2 >>Post Follow-up
donnelt
11 posts
msg #79355
Ignore donnelt
modified
9/16/2009 7:00:10 AM

Cello.. the main indicators I use are in the chart. I also use fib/volume for resistance support, eg:

http://www.stockta.com/cgi-bin/analysis.pl?symb=C&num1=9&cobrand=&mode=stock

However, using Connors/M4M RSI(2) was causing problems when I timed the entry or exit badly on a large near-term, near-money call trade when the trend was down. On a down-trend, the calls started to run away from me, but all the short-term indicators were giving periodic (hourly) cause for hope when the tide was going out.

I used MACD and RSI(14) to try and spot the turning point, but they seemed to have too much lag for day-trading. I noticed MFI(14) seemed to have the right balance of immediacy and trend. It did not lag as much as the others.

Clearly, its's good to know when money starts to flow out of a stock (as a trend). It increases the risk of large intra-day or over-night call option purchases, but also helps you decide whether you get out now with a small loss or ride the calls further.



MARY4MONEY
806 posts
msg #79356
Ignore MARY4MONEY
9/16/2009 7:27:35 AM

trendsurfer e mail me at alife4love@aol.com saying you from sf and that you trendsurfer and we will get together on this over the phone

StockFetcher Forums · Filter Exchange · would anyone be interested in writting a book with me- called--the closest thing to the holygrail<< 1 2 >>Post Follow-up

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