Jim Cramer.
Just fade him, you'll be rich.
Shane Oliver is good too.
LOL Shane Oliver is a permabull and a half!
What's your favourite stock market indicator?
- Thread starter No.1MoneyMaker
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LOL Shane Oliver is a permabull and a half!
IFocus
You are arguing with a Galah
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Hindsight.
Yes the ultimate LOL and at seminars its all so easy...........
Trembling Hand
Can be found on the bid
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I am a stock ASX trader and maybe a bit lazy.
I use indicators to locate the patterns that I am intersted in (their formula)
I use indicators in my scans each night to find stocks meeting my requirement - easy. e.g. I have all the breakout stocks highlighted within a few mins. !!
I then do a multiple timeframe check on each stock to confirm the probability of success and if the move has room to move
And finally volume.
Oh and yes, I use other indicators to show if there are any signs of price weakness
I have a number of well used indicators in my tool box - let them do the work!
I'm not smart enough - or have the time to check out visually the whole ASX universe each night
Whether you use indicators or your own personal expertise does not guarantee a successful trade - thats in the hands of the market.
I do not waste much time trying to outsmart it, I know all that I can do is get the probability on my side, and cut the losses fast if the trade does not work out
Trading is what you make it
What works for you is what counts
Peter
I use indicators to locate the patterns that I am intersted in (their formula)
I use indicators in my scans each night to find stocks meeting my requirement - easy. e.g. I have all the breakout stocks highlighted within a few mins. !!
I then do a multiple timeframe check on each stock to confirm the probability of success and if the move has room to move
And finally volume.
Oh and yes, I use other indicators to show if there are any signs of price weakness
I have a number of well used indicators in my tool box - let them do the work!
I'm not smart enough - or have the time to check out visually the whole ASX universe each night
Whether you use indicators or your own personal expertise does not guarantee a successful trade - thats in the hands of the market.
I do not waste much time trying to outsmart it, I know all that I can do is get the probability on my side, and cut the losses fast if the trade does not work out
Trading is what you make it
What works for you is what counts
Peter
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