einok
msg #93474
- Ignore einok |
6/3/2010 11:43:33 PM
Link
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Kevin_in_GA
4,599 posts
msg #93485
- Ignore Kevin_in_GA |
6/4/2010 6:50:47 AM
Did you read the reviews? The entire system is explained is about three sentences.
I can write this filter in even less ...
Now backtest this with your exit at "close above MA(4)" and see if it works.
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miketranz
961 posts
msg #93490
- Ignore miketranz |
6/4/2010 9:31:07 AM
Own the book,read the book,implemented the set ups.Great for trending markets only,otherwise you will be whipsawed to death......
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einok
msg #93491
- Ignore einok
modified |
6/4/2010 9:48:09 AM
I did read the review that mentioned the system. The reviewer didn't mention exits. Also in the sample pages the author mentioned ADX and DI +/-. Mike could you elaborate on some of the rules?
Kevin, this is what I read on Amazon.
In an uptrending stock, wait until the day's entire trading range drops below the four day simple moving average. Buy the stock when it recrosses this average.
So, you wrote:
close above MA(200)
high below MA(4)
What about the entry when it recrosses the average? I'm not sure if all price action has to be above the ma(4). I'm still curious about an exit.
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miketranz
961 posts
msg #93504
- Ignore miketranz |
6/4/2010 1:12:17 PM
ewhiteman,what you have is a basic moving average crossover buy signal from below,crossing above a moving average.That's all it is.The only problem with the method is,the stock must be going up in a 45 degree or better angle.It's for strong trending stocks.I do like that you enter only on a trend resumption.So what you have is a basic pullback set up,only your using moving average crossovers to enter.As far as exit,that's your option.In my opinion,50/50 shot,coupled with money management,strong trending stock,you have half a shot to make some money.Hope that helps.Mike......
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einok
msg #93505
- Ignore einok |
6/4/2010 1:22:53 PM
miketranz
Would you be interested in selling the book, or trading it for a book that I have, Connors "Short Term Strategies That Work". I'm just curious to see all of the techniques used in your book.
Thanks
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klynn55
747 posts
msg #93520
- Ignore klynn55 |
6/4/2010 6:31:07 PM
ewhite your book sells for $40, his book sells for $29. why are so adament about not using amazon, its simple, you sell it , you put it in a box , and take it to the PO. i do it a hundred times a year! then buy a new book, follow the same procedure, believe me these books go like hotcakes, it will sell. and its simple!
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einok
msg #93527
- Ignore einok |
6/4/2010 10:04:13 PM
klynn55
since he had a book i was interested in, i was just curious about buying/trading. anyhow i have sold on ebay, but never amazon. i'll check it out.
thanks
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