I changed to 9-day and 14-day Raw Fast Stochastics.
S&P 500 Sector ETF Momentum Rankings
- Thread starter AndersenBands
- Start date
Trading by 5,34,5 histogram was too touchy, so I took it off and put on a 34,5,34 and Slow Stochastic %K. I decided I'm just not cut out for trading put diagonals so I am quitting that, but I still keep put screeners and buy some stocks on false put screener signals.
I need something shorter-term than 5,34,34 MACD and Ichimoku cloud, so I put in 1,20,20 MACD and a 20-day simple moving average.
I decided I need a proven system and not sweat every little up and down. Chuck Hughes uses 50- and 100-day EMAs. I use 20- and 100-day SMAs on the Barchart screener and I put in a few other criteria to narrow down the selection.
I put the screener criteria onto the chart.
A 20,100,5 MACD histogram of 1.00 or higher is required to be worth investing in. Look at the 1,20,1, the 1,100,1 and the 1,200,1 MACDs and choose your strike price by whether they are pointing up, sideways or down. Follow your arrow. If a stock you own turns downward, set your strike price downward. You have to leave a margin of safety against a fluctuating market, of course. The 3,16,16 MACD often agrees with the assessment of the 20, 100 and 200 MACDs, but the latter MACDs have the final say in a conflict.
Instead of taking the short view with a 3,16,16 I am taking the long view with a 20,100,100.
I dropped the 20,100,5 histogram minimum of 1.00 requirement. Thus I didn't need the 20,100,5 any more. I set my strike price according to the 1,20,20.
I thought I wasn't getting enough screener results with the Chuck Hughes system and I was paying too much for them.
BLSH system
BLSH system
Look for an accumulation cylinder in the 1,20,20 and an accumulation cylinder forming or almost forming in the 1,50,50.
No accumulation cylinder, no deal.
No accumulation cylinder, no deal.