2012-02-03: We took **** profits in ****. You may want to try for a larger move if you hold this position.... Read more Swing Trading Short-term (1 to 10 days) Trades with Japanese Candlestick Reversal Patterns and MACD Crossover Signals.Take short-term (1 to 10 days) swing trading positions based on a dozen Japanese Candlestick reversal patterns, and MACD crossover signals. Read more...- Japanese Candlestick Reversal Patterns
 - Wait for a confirmation day of weakness, following the signal day (see graphic example)
- High of the confirmation day should be below the signal day's high.
- Close of the confirmation day should be below the signal day's close.
- Close of the confirmation day should be in the lower half of it's daily range, indicating a weak close.
- Take the trade at or as close to the end of the trading day, to ensure that the confirmation pattern is still valid.
- Set stops $0.10 above (or below) the high (or low) of the signal day, but no greater than a -4% loss.
- Signals are triggered on stocks in a short-term uptrend (or downtrend), reaching overbought/oversold levels based on the Wilder Relative Strength Index (WRSI).
- MACD Crossover Patterns
- Signals are triggered on stocks exhibiting an MACD histogram crossover, representing a potential change in momentum and trend.
- Watch for an extended uptrend (or downtrend) in both price and MACD, prior to the crossover.
- Look for confirming topping (or bottoming) signal days a few days before the crossover.
- Set stop losses at -4%.
- Shoot for 4% to 6% intraday gains during the next few days.
- High volume on the signal day(s) are important.
- Check to see if signals confirm support and resistance levels, e.g., at the 20-, 50- and 200-day moving averages, and at prior price levels. Hide this content.
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