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alsi 17.11.2010 -wed

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nala
Super Contributor
anyone trading alsi today using Simons system
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28 REPLIES 28
Not applicable
Nala, excuse my ignorance but what is Simon's system?
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BoburUncle
Regular Contributor
Yes, Simon, what is your system that you use? Where can we find out about it?
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nala
Super Contributor
7 and 21 MA -short if trading below 7day -long if trading above 21 day ma -trailing stop loss of 50pts
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leminus2
Regular Contributor
Shorting the alsi?
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BoburUncle
Regular Contributor
Is that Simons system? Looking at the 7 an 21MA to trade?
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SimonPB
Valued Contributor
trade the engulfing candle .. use 7/21 for direction ..
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BoburUncle
Regular Contributor
looking at weekly or daily?
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SimonPB
Valued Contributor
any time frame you want ..
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Not applicable
Thanks Nala and Simon. Much appreciated.
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saash
Super Contributor
Simon - what is this new system of yours - engulfing candle? Not heard of that. Can you add it to the tickertalk pls ?
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poland
Occasional Contributor
Would that be an engulfing candle forming on the 15min chart (now..12:15) and would that justify a short is on?
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poland
Occasional Contributor
no worries...it didnt happen, but if that was a down candle ending at 28965, would that have been a short?
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Shard
Super Contributor
http://www.swing-trade-stocks.com/candlestick-patterns.html if you're asking about the engulfing candle specifically
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BoburUncle
Regular Contributor
0 Kudos
Not applicable
I do not thimk so because at that point your 7 period moving average was above your 21 moving average.so u could only go long?
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poland
Occasional Contributor
0 Kudos
Not applicable
I think by simons system u got a long signal now.
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poland
Occasional Contributor
Yes, but 50ema is coming up in 20pts...so i sit out...dont wanna trade to close to heavy emas.
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Not applicable
Anyone else with mweb? Seems they have lost their international feed
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