A simple system (or more)

[KennettthHize]

I don't use these per say, but here are a couple starter systems.

1)
MACD crossover above zero line
volume (daily) 20% above previous


2)
MA 50 crosses above MA 200
OBV rising last 2 days
RSI (15) below 70

3)

RSI(2) below 2
lower candle shadow 2 times as long as body
high volume previous 2 days

Even a caveman can do it? No, but a start.

add or subtract as needed.....

Disclaimer: I don't use these.

[KerthOrex]

I tried to answer some r/r and position sizing on another thread....I have a hard time explaining some of them and I'm somewhat protective of my on-line "profile". Not in fear of losing an edge, but of my personal information.

This is a great thread which explains a system build.

Of note is the anti-martingale approach to multiple losses in a row. If you are experiencing an above average drawdown, adapt and be ready to alter your system to correlate with the market. Nothing stays the same year over year.

[kiniIntuick]

Again, I'm truly grateful for your posts... The thread is genuine, deserves a read by all rookies... 8)

[Kliffsat]

Also of note is the anti-depressant approach to multiple losses in a row. :lol:

Pay attention to this guy newbies, ignore the sparkling demeanor, and legendary charm, and learn.


Fun having you in the chat room Grunt, been a rush these last couple days.

[Kor-Shachpr]

I enjoyed it and thanks Aiki! I learn from you guys everyday. Wish I could get on more often, but it effects my concentration!!!