I know I have been pretty quiet recently. Work is insane for one and, as my previous posts have shown, my trading has been horrible. I am not changing anything per say but I am reviewing and scrutinizing everything I do a lot more.
I am trying some screens, all technical, to try and come up with a short watchlist of charts to look at in the morning. The trouble is, my skills analyzing charts need polishing, which means I cannot have a very long list otherwise I will spend all day trying to read the darn charts and I will not get anything done. So the screens may change as I try different versions.
Here are text files for those importing in trading apps: Death Cross MA 50/200 and Golden Cross MA 50/200.
Golden cross between the 50-day moving average and 200-day moving average.
| AIR, EMG, IBB, ISO, JNPR, KF, LG, MDP, MMC, MPT, MTA, NDE, NUF, PCH, PMD, ROH, SFE, SPP, TIF, VCF, VMO, WWY |
Death cross between the 50-day moving average and the 200-day moving average:
| GB, IOT, NNF, PNP, SBK |
Concerning moving averages, i believe that moving average crossovers (per se) don’t work. Yes, they tell you something, but I think the way to use them is buying pullbacks. Dave Landry has done a lot with this approach (e.g. Landry BowTies)…
Good luck. The markets haven’t been kind to a lot of folks.
I will have to look into what Dave Landry is doing. I just noticed he even has books out which would probably help me.
I mainly use the price MA to find long term uptrends. Then I use an oscillator like Force Index or Elder Ray to find buy signals on the daily charts while in a long term uptrend.
I used the crossing MA to try and populate watchlist that would allow me to find other chart patterns but that whole experiment went nowhere.