What is your favourite setup?

[R0n1n]

Hi Guys,

whats your fav setup that you like to trade ?

I was looknig at mine and I generally like to see
RSI14 above 60
MACD in the positive
above average volume coming in
SP starting to move up.
SP above MA200

 

[nizar]

Re: What is your fav Setup ?

For me:

Stock needs to be in a clear uptrend or has clearly broken upwards from a downtrend.

Stock needs to have a white candle close.

Stock needs to be trading above its 200dma.

A bit of volume on the breakout would be nice, but is not mandatory.

Generally, the more times the resistance has been tested and failed, the more impressive and outstanding the break will be.

A set-up i like very much is a stock that has been range trading for several months on low volume then breaks out and closes above the range (on volume)
Examples: AED a few months ago and SEK recently.

 

[>Apocalypto<]

Re: What is your fav Setup ?

For me:

Stock needs to be in a clear uptrend or has clearly broken upwards from a downtrend.

Stock needs to have a white candle close.

Stock needs to be trading above its 200dma.

A bit of volume on the breakout would be nice, but is not mandatory.

Generally, the more times the resistance has been tested and failed, the more impressive and outstanding the break will be.

A set-up i like very much is a stock that has been range trading for several months on low volume then breaks out and closes above the range (on volume)
Examples: AED a few months ago and SEK recently.

V reversals are always a lot of fun. All the patterns tri's pendents flags saucers I look for. Ranges are great playing buys off support plus the good out break out of range. (still waiting for that on XJO)