hi
for ,,kenneth/asish da
first i would clarify that this sysytem si really good,and teh stcoks which even iw as tarcking them had made good run...all the way..but i am still saying taht many stcoks comein buy on the next day when they have given agood cream on that day itself,,WHY?
capitalise on system /indicatosr to catch tehm as fast as in the bottom prices..as they about to move...i would really work on this eod this sytem by this weekend,,,
second reason is this was a good bulish rally and natuarlly u will ahve good list of ur winning points,,, lets see in coming days when mkt goes to south!!!
how many days could u project for ur target to meet and befor emeeting ut target it goes down,,giving trader some profit?
what is this FMA?
kindly clarify this
renu
Hi Renu,
Every one want to catch the trend early. From what I have read people have tried to tweek the system but have not got good results
When the markets starts going down Follow this
Short trade using the SS (Snifter System)
Here's an example of a short trade using the SS (Snifter System)...its pretty much the same deal as an SS long trade, except that the rules are reversed.
Now we want the All Ords weekly chart to be bearish, and we want bearish stocks that are currently making a temporary rally.
We can find these stocks by scanning for 'CCI crosses above zero'.
Save the scan results to a separate workbook, then flick from chart to chart, checking out the ADX. When a stock with an ADX of 25 or higher is found, the price action is checked to see if the stock is downtrending, but making a temporary rally. The peaks and troughs should be getting progressively lower, the two MA's should be falling and pulling further apart, and there should be daylight (space) between the two MA's.
If everything shapes up OK, that stock is transferred to the 'Watchlist' workbook. The end result should be to have several good looking stocks in the watchlist, from which a final selection is made to choose the best of the best.
The SS works just as well on short trades as it does on longs
Regards
ken