[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[EquisMetaStock Group] Help needed with indicator selection



PureBytes Links

Trading Reference Links

Hi All,

I trade UK stocks and currently I am quite successful in choosing 
those stocks which continue to make short-term gains in an Uptrend 
using certain combinations of MA's to first identify these stocks.

However, the one area where I am having MAJOR problems with is 
predicting when the current uptrend rise will collapse.

So far, I have held on to certain stocks only for them to suddenly 
drop in SP which results in my stop loss being hit , or worse still 
closing trades only to watch them suddenly shoot for the stars a few 
days later !!!!!!!!  

There may be some scope to modify my stop loss (ie. lower it) to 
eliminate it being activated but this obviously will have a knock on 
effect to my risk:reward ratio.

My goal is to identify those stocks beginning a new uptrend and to 
ride the tend as much as I can before it falls against my position. 
In the instances where the SP then levels off and stays within a 
short trading range, I am happy to wait 3-5 days to see if the 
uptrend continues and if not, to close my position.

Consequently, can anyone recommend any good indicators to give some 
indication as to when a rise may run out of steam or when it is good 
to keep a certain trade open??

Any help much appreciated as I've run out of ideas and don't know 
what to try.....

Many Thanks in advance,

Chorlton





------------------------ Yahoo! Groups Sponsor --------------------~--> 
Try Online Currency Trading with GFT. Free 50K Demo. Trade 
24 Hours. Commission-Free. 
http://us.click.yahoo.com/RvFikB/9M2KAA/U1CZAA/BefplB/TM
--------------------------------------------------------------------~-> 

 
Yahoo! Groups Links

<*> To visit your group on the web, go to:
    http://groups.yahoo.com/group/equismetastock/

<*> To unsubscribe from this group, send an email to:
    equismetastock-unsubscribe@xxxxxxxxxxxxxxx

<*> Your use of Yahoo! Groups is subject to:
    http://docs.yahoo.com/info/terms/