MyPivots
MA
Maria
Rep: 0
Posts: 88
That's your 896 Kool!.
PR
prestwickdrive
Rep: 2,057
Posts: 1,098
TICK divergence
PD
PDQ
Rep: 110
Posts: 167
Hi Margie:

This is Linda Rasche trade that looks to enter a trending market on a pullback.

Use the following indicators:

14 period ADX
20 period Exponential Moving Average

You look for the ADX to rise above 30, which would indicate a trending market, and then look to enter on a pullback to the 20EMA. The minimum objective is a re-test of the recent swing extreme. The price more often than not exceeds the re-test though.

Note that many times in a strongly trending market, you will not get the full pullback to the EMA, or the market may move sideways until the EMA catches up.
BR
BruceM
Rep: 216,211
Posts: 19,895
s 03.25...I may be early on this,
MA
Margie
Rep: 94
Posts: 364
ty pdq
BR
BruceM
Rep: 216,211
Posts: 19,895
taking 901.25 and pullin up runners
MA
Maria
Rep: 0
Posts: 88
flat again. It doesn't look like a trend day. I'm done for today with a very small profit. GL guys.
BR
BruceM
Rep: 216,211
Posts: 19,895
flat will try again above 05 area
VO
VOwater
Rep: 133
Posts: 4,121
i stopped myself @ 2.50...selling again soon
PR
prestwickdrive
Rep: 2,057
Posts: 1,098
904.25 = 50% IB extension, 908 = 100%
VO
VOwater
Rep: 133
Posts: 4,121
s early at 4.25
BR
BruceM
Rep: 216,211
Posts: 19,895
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or read page 33 of this thread for faster results
/
quote:
Originally posted by vast524

Were do I get one of those crystal balls from Bruce?