MACD/Trendline Swing Trader

retire45 · Jun 10, 2008

Quote from sharp10:

For this short (DRYS), it looks like you used the May 27 lows of 84.80, am I correct?

If so, did you also use anything else to confirm this trade?

Thanks for the help.

"THE" short on DRYS was the 90 break yesterday as it was valid support last few days.. Once it broke that the 84.8 was unlikely to survive.. My trigger was on the ask breaking yesterday's low.. Once the MACD (PPO on stockcharts.com) crossed down on DRYS it was a short as it reacts VERY well to MACD..

http://stockcharts.com/charts/gallery.html?drys

ammo · Jun 10, 2008

i heard the volatility in the shipping and coal was around 45- 50 % so be careful on the drys

sharp10 · Jun 10, 2008

Quote from retire45:

"THE" short on DRYS was the 90 break yesterday as it was valid support last few days.. Once it broke that the 84.8 was unlikely to survive.. My trigger was on the ask breaking yesterday's low.. Once the MACD (PPO on stockcharts.com) crossed down on DRYS it was a short as it reacts VERY well to MACD..

http://stockcharts.com/charts/gallery.html?drys

Thanks for the explanation.

retire45 · Jun 10, 2008

Quote from J-Law:

Nice work !!!

If youre feeling pressure, take some time off. Clear your head, enjoy the nice weather, and then when refreshed come back a new and hit it.

Once again, good trading, sir !

J-Law.. Thanks for your encouragement.. really helps to be reminded this is a long journey and trades have always been there and always will for those willing to seek them.

J-Law · Jun 10, 2008

I enjoy the thread. But I'm still really at a loss on how to interpert MACD signals.

Anyone ??

J-Law · Jun 10, 2008

Exactly...what you just said. Markets always offer up opportunities. Moves will come as moves will go. Something is always rallying or selling off.

But really..... great work.

retire45 · Jun 10, 2008

Quote from J-Law:

I enjoy the thread. But I'm still really at a loss on how to interpert MACD signals.

Anyone ??

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_conve

retire45 · Jun 10, 2008

Quote from ammo:

i heard the volatility in the shipping and coal was around 45- 50 % so be careful on the drys

Same for Solars... I've be playing with fire for a while so pray for me....

buckoboy · Jun 11, 2008

Quote from retire45:

Same for Solars... I've be playing with fire for a while so pray for me....

Where do you guys find out the volatility of market sectors? Also do you know of a good website that provides performance (daily or weekly % up/down) for market sectors. I currently use a Bloomberg terminal at work, but do not want to depend on this solely for my trading as it may not always be there.

Thanks and congrats Retire on you continued excellent performance!

retire45 · Jun 11, 2008

Telechart Charts show a percentage "range" indicating how much a market has swung around for the current window. I don't know of anything on the Net... Finviz.com has a volatility field but I have no clue how it works or whether it has a sector database.