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Vladimir,
I've taken a look at these indicators but not sure which ones to use
together and how I should be intrepreting the results.
Can you advise please?
In Metastock, there are:
Dynamic Momemtum Index DMI
Directional Movement DX
Directional Movement ADXR
Directional Movement ADX
Directional Movement +DI
Directional Movement -DI
How would I go plotting these? ie? In the same window? and what
would suggest a buy or sell signal? When one line crosses the other
(as in MACD?)
Thanks for any help.....
--- In equismetastock@xxxxxxxxxxxxxxx, "vlad" <entinv@xxxx> wrote:
>
> Try combination of DMI+ DMI- and ADX.
>
> Regards,
> Vladimir
> -----Original Message-----
> From: equismetastock@xxxxxxxxxxxxxxx
> [mailto:equismetastock@xxxxxxxxxxxxxxx]On Behalf Of
chorlton_c_hardy
> Sent: Wednesday, December 21, 2005 4:55 PM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Help needed with indicator
selection
>
>
> 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
>
>
>
>
>
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