Anyone know of a free stock screener that will allow me to pick up all stocks where the 5 day EMA has just crossed the 15 day SMA? I feel this is usually a good indication of a new trend 70% of the time.
A new trend, and 70% of the time, hmmm these numbers are not realistic, especially with something as deceptive as a MA crossover, but then again you basing this on feel and not mathematical evidence.
It's very hard to find an edge, harder than you can possibly imagine. As a newcomer, and your statement of the crossover, suggests that you are, if you think you got something with positive expectancy, most likely it is not, but you can only begin by trying. Good luck.
Would you say it's impossible to ever get any usable information that can lead to en 'edge' on a forum like this? I often see posts like yours where people imply that they have an 'edge', but they never actually put any meat on the bone or offer any help to others. Maybe out of fear of diluting their edge? And those that do appear to be trying to help people are always accused of being fakers/gurus/failed traders with ego problems etc. (rightly or wrongly)
This forum still has some quality posters, albeit less than in the past and very few. Unfortunately it also has many users posting as experts with no edge whatsoever. Look at the P/L thread it tells the big picture.
Trade ideas is one of the best. There's some free parts, but I think you need a paid sub to get real-time. Until Feb 19th, use code LOVETIPRO2015 and get 40% off.