Sell your car and buy a sealegs amphibious vehicle!!
In Auckland traffic it should have no trouble keeping up
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Sell your car and buy a sealegs amphibious vehicle!!
In Auckland traffic it should have no trouble keeping up
Trouble Craic? I think not. It takes a rise in price to trigger an oscillator Buy signal. No rise, no signal. I have acted on previous RSI buy signals for RAK and have had no reason to be disappointed. If this system as plotted had given a series of Sell signals for RAK, or if it had flicked you out just before today's big rise, your criticism would perhaps have been warranted - but it didn't. There have been NO sell signals at all. In short, I think TA is performing very well indeed with this stock.
Redzone - if I waste your money on software that only services dentists - and hasn't been going too well lately - then I would likely finish up in a paddling pool with a rubber ducky.
Phaedrus, thanks again for your charts and education.
Regards to RAK you say the RSI triggered buys, agree.
However, do you not use it for sell's when it shows "overbought" that is, it turns over from above the "70"? If not are you using trendlines/MA's/trailing stops mainly for sells ?
Jay, When a stock is in an uptrend, oscillators such as the RSI give a string of useless Sell signals all the way up. (There have been about 9 so far for RAK.) You want to exit when the uptrend weakens or ends and this is best acomplished by using trend indicators. There are many and the ones you mention are excellent examples. The Directional Movement indicator is another good one, but everyone has their individual preferences.
Similarly, when a stock is in a downtrend, oscillators give a string of useless Buy signals all the way down. Trend indicators should be utilised here too.
Cheers Phaedrus
Phaedrus
Trying having a ply on the NASDAQ.
I am following about 6 stocks on the NASDAQ and doing quite well. I am slowly upscaling my investments as my margin account is growing. I did pretty well on the bounce after the China thing but it took a couple of weeks.
I did pretty well on AAPL after it dropped down to $90. You have to be fast I've missed a few good trades just by delaying pressing the button by a few seconds waiting for that one last tick up or down.
I got killed on Micron after earnings, I thought it would bounce after it tanked to $11.50. Set up a stop at 11.35 and went to Australia on holiday, when I got back it had dropped to 11.00 and my stop was triggered but I accidentally only set it to the default 100 shares. I got most of it back the next day. Watch for this stock to tank after Friday.
Also I couldnt wakeup in time last night and missed my exit point on ADBE, hopefully it will be sold down tonight. Anything below 42.50 will be fine.
My current open positions are short on Motorola and Adobe.
I'm very confident MOT will tank tonight, max pain for Fridays option expiry is 17.50, ER was pathetic [really bad guidance] and the gap down on ER was closed today. currently at $18.21. If your up tonight it might be worth a look.
Re the market Record DOW headlines usually signal a red flag to the hedge funds, I expect with the next bit of negative news the hedgies to sell down the DOW again. I think you're right to be looking short. I would recommend that you hang in there you can make a lot of money very quickly in a short space of time. Unlike the good old NZX...
If your interested I could tell you how I work out my trading strategies. I would be interested in hearing yors, I dont know of anyone else who trades in the US.
Up 15 today.
Today is news day.
372K volume includes a 100,000 trade at 498...
News day tomorrow will be good I'm sure.
New MOT and NOK phones have onboard GPS....
Disc: RAK my favorite NZ stock
Did anyone else buy today???