I have been using the SDS and SSO 15 and 5 Minute charts in my
trading account. I use margin and am up about 20% in the last
month. Hardly ever miss the turns.
SLOW STO 20/80 cross but only AFTER the divergence on ROC.
I know that Matt and Steve use the MacD Histogram but I find that
the ROC sometimes gives me a clearer picture of the divergence that
nearly ALWAYS shows up from wave 3 to wave 5.
Count the waves up or down. They nearly always end at the
5th wave. If you miss wave 1 you can catch wave 3 which is usually
the strongest wave anyway. Learn to do this yourself and you will
be a better trader (we don't really need it at the top of the blog
but that is how I learned to do this)
Simple 13/34 crossovers also work well. I also do the same
on the 5 minute charts and will try to post that next.
This is my first post so I hope that I copied and pasted the URL
properly. Fina
You are welcome. One thing I forgot to mention is that I
sell my position at the end of each day as overnight news often
trumps the charts (like now we are up in premarket which did not
show in the charts last night.) FinaM
SDS/SSO Trades
Posted by finam on 28th of Aug 2008 at 08:34 am
I have been using the SDS and SSO 15 and 5 Minute charts in my trading account. I use margin and am up about 20% in the last month. Hardly ever miss the turns.
It is a simple trading system for anyone to use.
http://stockcharts.com/h-sc/ui?s=$SPX&p=15&yr=0&mn=0&dy=10&id=p78601968773&a=146178739&listNum=11
Watch:
RSI trendline Breaks
SLOW STO 20/80 cross but only AFTER the divergence on ROC. I know that Matt and Steve use the MacD Histogram but I find that the ROC sometimes gives me a clearer picture of the divergence that nearly ALWAYS shows up from wave 3 to wave 5.
Count the waves up or down. They nearly always end at the 5th wave. If you miss wave 1 you can catch wave 3 which is usually the strongest wave anyway. Learn to do this yourself and you will be a better trader (we don't really need it at the top of the blog but that is how I learned to do this)
Simple 13/34 crossovers also work well. I also do the same on the 5 minute charts and will try to post that next.
This is my first post so I hope that I copied and pasted the URL properly. Fina
finam - thanks a lot
Posted by Michael on 28th of Aug 2008 at 08:50 am
finam - thanks a lot for your post.
You are welcome. One thing
Posted by finam on 28th of Aug 2008 at 09:04 am
You are welcome. One thing I forgot to mention is that I sell my position at the end of each day as overnight news often trumps the charts (like now we are up in premarket which did not show in the charts last night.) FinaM
so for instance today, what
Posted by Michael on 28th of Aug 2008 at 09:09 am
so for instance today, what will you look for for entry, if there is one?