MACD/Trendline Swing Trader

"THE" short on DRYS was the 90 break yesterday as it was valid support last few days.. Once it broke that the 84.8 was unlikely to survive.. My trigger was on the ask breaking yesterday's low.. Once the MACD (PPO on stockcharts.com) crossed down on DRYS it was a short as it reacts VERY well to MACD..

http://stockcharts.com/charts/gallery.html?drys

 

i heard the volatility in the shipping and coal was around 45- 50 % so be careful on the drys

 

Thanks for the explanation.

 

J-Law.. Thanks for your encouragement.. really helps to be reminded this is a long journey and trades have always been there and always will for those willing to seek them.

 

I enjoy the thread. But I'm still really at a loss on how to interpert MACD signals.

Anyone ??

 

Exactly...what you just said. Markets always offer up opportunities. Moves will come as moves will go. Something is always rallying or selling off.

But really..... great work.

 

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_conve

 

Same for Solars... I've be playing with fire for a while so pray for me....

 

Where do you guys find out the volatility of market sectors? Also do you know of a good website that provides performance (daily or weekly % up/down) for market sectors. I currently use a Bloomberg terminal at work, but do not want to depend on this solely for my trading as it may not always be there.

Thanks and congrats Retire on you continued excellent performance!

 

Telechart Charts show a percentage "range" indicating how much a market has swung around for the current window. I don't know of anything on the Net... Finviz.com has a volatility field but I have no clue how it works or whether it has a sector database.