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Topic: seeking simplicity |
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suburbanjoggerja
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Posted on: Apr 28, 2006 - 9:05am
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Looking at Summary and then at Trade Quality without considering other factors, which of them would more accurately predict the outcome of a trading time frame of one month or less?
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dan.chapmano3
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Posted on: May 23, 2006 - 10:09pm
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*** Disclaimer: This response is just my opinion and is not investment advice.
I'm not an investment advisor, please check with a registered investment
advisor before investing.
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There is no real simplicity to great trading. The overall summary
should only be used as a rough guide as the computer looks
for certain bullish and breaish indicators in the consultant report and
summarizes them.
A more experienced user looks at the complete
report: at the charts, buying/selling moneyflow, trends, support and resistance etc.. and sector strength/weakness to make decisions.
The trade quality compliments the other report indicators.
If a stock has bullish indicators ie, at support, uptrend, bullish
moneyflow, strong sector support then great trade quality adds
icing to the cake (good P/L ratio, profit, target potential etc..).
Trade quality plays more into the overall trading system which
includes diversification to improve overall performance over time.
Dan
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