TheRumpledOne 6,529 posts msg #68538 - Ignore TheRumpledOne |
10/17/2008 3:03:04 PM
Hey AAPL can you spare a dime?
LOL!!!
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TheRumpledOne 6,529 posts msg #68539 - Ignore TheRumpledOne modified |
10/17/2008 3:04:32 PM
Long or short, a dime is a dime!
Just practice with 100 shares until you get the hang of it.
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TheRumpledOne 6,529 posts msg #68540 - Ignore TheRumpledOne |
10/17/2008 3:13:56 PM
RULE OF THUMB:
IF PRICE BELOW THE OPEN, ONLY ENTER SHORT.
Keeps you from getting sucked down.
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impliedvolatility 8 posts msg #68542 - Ignore impliedvolatility |
10/17/2008 3:21:29 PM
Good advice
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TheRumpledOne 6,529 posts msg #68544 - Ignore TheRumpledOne |
10/17/2008 4:05:01 PM
See what I mean?!?!?
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TheRumpledOne 6,529 posts msg #68546 - Ignore TheRumpledOne modified |
10/17/2008 4:08:01 PM
See most traders who use SQUIGGLYS would have being taking the long trades when MACD crossed.
Smart thing to do is only take the short trades when MACD crosses when price below the OPEN.
But even smarter is to forget MACD and use the buy zone.
So simple.
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TheRumpledOne 6,529 posts msg #68547 - Ignore TheRumpledOne |
10/17/2008 4:11:11 PM
Ditto for Stochastics.
And don't think there are any "magic" inputs to make these indicators work better.
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TheRumpledOne 6,529 posts msg #68548 - Ignore TheRumpledOne modified |
10/17/2008 4:13:09 PM
Even RSI(2) doesn't really do the job for trading unless you're good at divergence.
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TheRumpledOne 6,529 posts msg #68549 - Ignore TheRumpledOne |
10/17/2008 4:16:40 PM
You can use a moving average like ema(5) so long as you follow the rule of thumb.
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TheRumpledOne 6,529 posts msg #68550 - Ignore TheRumpledOne |
10/17/2008 4:18:17 PM
I prefer to FADE THE GAP and use the BUY ZONE.
It's simple and the statistics are on my side.
That's my edge.
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