Hi Guys, was just wondering if any of you have a system that works for you all the time. I have been trading for over 5 years and have to say that using MA's may not be exciting but it gives consistent stress free trading results time and time again. For me, MA trading is the top system to use, however you structure it for yourself.
I use the eyeball approach and plain ol tried and tested dow theory. I prefer stocks that are making higher highs and higher lows, with entries when I see price action (classic candle stick patterns) at the new lows. My exit strategies vary depending on my exposure, but typically, when a 20 day channel bottom catches up to the price, then I interpret it as a period of market consolidation. I exit on a high, and wait for a re-entry into the low of the channel.
Use weekly charts to determine bull or bear.Use dailies to determine entry/exit points.Charts - 22 and 11 day ema, MACD Histogram,Force Index (Volume x Price), Stochastics, Bolinger bands. Signals to buy -11 day ema crosses 22,Divergence between new lows and MACD Histo,Ema and Histo in sync confirms dynamic trend,Channel support and resistance, Macd below zero cross. Wait for at least 2 to confirm before entry.
I use the SPA mechancial trading system for medium term trading. Works like a bomb. Simon got the founder from Aussie, Gary Stone, out here to give presentations in August. Check it out at www.sharewealthsystems.com.
No way ... they are hugely open and show you, warts and all, what is happening. Just check on the website for the returns on the portfolios in Aus and here. I have had one portfolio that I share with 2 others that has been running for 6 years and is giving a return of 19+%. I have another that was started at the worst possible time in August 2007 - just before the GFC - yet that is giving me a compound annual return of 15% which I am very happy with. the JSE Public Portfolio which is run on behalf of Members has grown from R350,000 in March 2003 and it is now standing at R1,781,936.62. Which means a compound annual return of 23.20%. And you can check every trade if you like - nothing is hidden or secret. So I'm happy.
Hi Skaap, I have been using the SPA3 system as well for the past 6 weeks or so. I must say that it has restored some normality to my life - I trade part time while doing a "normal" job, and this system has taken the hassle and frequent log-ons to OST to atch the market out of my daily life. In the 6 weeks to date (agree too short to be meaningful), I have got a compound net return of 31% on one portfolio, and 21% on a second portfolio, with a shorter term focus. The package is relatively expensive to start with, but this is also a trading expense. I have found the training and support to be great.