NOFRILLS Chart Reading

Thanks for the posts 4X. I am currently applying similar forms of analysis and trying to learn from the likes of DB Phoenix.

I have two questions for you.

First, why do you use slow stochastics? (not suggesting this is good/bad)

And secondly, have you had experience trading with multiple indicators and/or other methods that didn't rely primarily on a thorough bar by bar price/volume analysis? And if so, what is your take on these?

Thanks.

 

Going long here on CSCO - risk .50 / share



Comments ?

 

Keeping the thread alive

 

What's the exit plan?
Thx
PD

 

Draw a line from the Aug gap down to the Sep top, believe that will change things somewhat.

Stop-running could easily take CSCO down to the $15.50 area, maybe...

 

4X,

Very interesting work!

I'd also like to hear more about the evolution of your ideas - major influences, reading (Wycoff? others?), experiences, etc.

Best wishes!

 

You can follow 4XIS4U's trading journal here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=61002&perpage=6&pagenumber=1

 

Thanks for the link, cnm!