I think this is your problem: MACD[MACD,Close,18,39,15,30] > MACD[MACD,Close,18,39,15,30 You are asking for stocks with the macd greater then itself.
Once again the Holy Grail.... (work required)... This trade may not work out for me as it is a stray and I don't like it's messy bars but for the patient it may work.. plus that big bar hard to defend.. There is pattern recognition software out there to find these but I love looking at charts.
Out of BZH, MEA, STP ... losses galore Covered AGU ... more losses.. Short HOC, CLF, DRYS, TBSI.. Should have quit Tuesday while I was above water..
i am reading your thread for the first time and i will not pick on your technicals. only one thing. a swing trader is not someone who holds a position for 2 days. a swing trader is someone who, judging the quality of swings, makes decisions about entries and risk. a swing trader can operate both short term and longer term. see George Taylor's work in the 40s. cheers PS: you'll get out of your drawdown, i am sure.
Some market info... http://www.elitetrader.com/vb/showthread.php?s=&postid=1964971#post1964971 DOW at a VERY IMPORTANT place...
From page one of this thread:... "I am (trying to be?) a swing (2 days to a few weeks) Trader that relies very heavily on TA. I am quite good at Charting and there is no doubt anyone looking over my shoulder would make a mint. Why haven't I made a mint?? Ahhh... the reason for this thread.. I have had some diseases..." I am under no illusions as to what a Swing Trader should be... I will look up George Taylor's work... I guess I will re-title the thread since I am unlikely to change, regardless of what I read.... I have read a lot... And there is a key reason for this.... I cannot bear high drawdowns from account peaks i.e. give back a majority of profit... This is a paradox however as I, on a weekly basis grind down the profit anyway.. Thanks for your views... always looking to improve.. or at least try to. Please pick on my Technicals as needed... Ps.. Alex, good to see someone using their name... Rashid
Alex, what is so special in the George Taylor's work? I already got the book: "The Taylor trading tecjnique". What to look for? Do not tell me that it so special that one has to read it three times at least and take the spirit of it.