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Showing a short term buy on my system

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Started popping in and out of this one three days ago. made some really nice cash on intraday trades but now the signal is longer term buy and hold, above 545/550 close next target will be 560/565. Trade between 535 and 565. Short term Like I said. Problem is only one call warrant at the mo and in the 90 day decay window so risk is greater. OMO
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6 REPLIES 6
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To clarify why I say buy, STO crossed on 23/24 June, ROM (50 Days and 200) heading up from 23rd and the longer term SMA crossed short term SMA on 23rd. My SMA at 12/26.
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barry_1
Super Contributor
AMSSBE started today,I also hold AMSSBD,which when i've sold all will replace with E.
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CPS,i think you have got your facts mixed up. For a buy your shorter sma must cross the longer sma upwards.You must remember that sma-indicators are lagging.Therefore your other indicators can signal an early buy.
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Pietmuis, tnx for pointing that out. I see what you mean and back testing did indicate my MS indicator was not right. As you said the other indicators showed what I had suspected.
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Barry, same here with AMSSBE. I am going to trade out of AMSSBD and move into the "e". Better time for mistakes here ;-) but we should start making less of these I hope. School fees have been pricey but well worth it.
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barry_1
Super Contributor
Sold my D at a good profit today....will hold off buying E until platinum price starts to climb upward towards $1200 plus.i watch on Kitco.
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