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Pink Freud
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Did I mention its always trouble and usually not a good idea or what you expect when you ask me to tell you a little bit about myself. I love Pink Floyd. I think Roger Waters is a one of a kind master in music writing that is so good goes unnoticed. I believe it is so because of his own private... More
My company:
TDJR Enterprises
  • My recent home grown recipe a dash of simmered 10 day old SMA, picked brains of others and stirred well. No training or experience used 0 comments
    Jun 16, 2011 6:53 PM

    With so much volatility lately, especially in some of the stocks in  my portfolio, I have become more of a user of the 10 SMA to gauge enter and exit points.  I really shouldn't say exit, it is more of an entry rule for me, and only me.  Borrower beware, this ain't professional advice or instruction, trade your stuff your way and than you can yell at the guy in the mirror.
    Its something I picked up and kind of marinated with discussions of many other Technical Analysis friends much more knowledgeable than I.  Please, it is working for me and it is used by me not on a regular basis, as I do not day trade, not even close.  If I make a few trades a week, that's more like it.  I guess I am picky, plus my heart, soul and pocketbook (not literal please) are focused with the ups and downs of Wall Streets favorite yo-yo Dendreon (NASDAQ:DNDN).  This stock, not company, there is a difference just in case someone wasn't aware.  A stock that doesn't seem to be aware of news about itself.  It goes with the ups and downs and tides of those who don't shop retail...allegedly.  The volatility is a dream for those who play that style or have the computers that do.  For us 'home gamers' which I find insulting.  To preach to me that its serious business and call me a gamer is ridiculous at its least, but you consider the source.
    I watch the 10 day SMA in regard to my last sell prices and current prices,.  I somehow take that info and use horizontal lines with increases of volume and match up instances where the SMA is lower than the present pps. Hopefully the volume is above average and there is some type of a support resistance line. I don't live by exact rules and necessary targets.  I do at times look at things with Pink Freud vision and see things the way I want. To a degree.  If I tilt my head a certain way, the SMA can appear to be touching the bottom of a candlestick and therefore, completing my theory of no relativity.
    This is not, by any means a real true, arithmetic algorithm worked on for years in my dingy basement with a desk lamp, ink quill and composition book.  Its something I've been trying.  After a few times that it hit the limit price I had figured upon and set, I like the results.  If my limit price gets hit on the quick moving  SMA my purchase goes in and I hope it rallies from there.  With some of these, especially the more volatile, a quick drop and pop back up is not that uncommon.  I've had trades set with limits that never were reached and had 1 hit and than kept going south, but as I said before the limited results have been in my favor.  So now that all the experts in TA and others have done laughing and are trying to wipe the tears of laughter or spit up coffee off their laptops, I will wander off to my lil dingy basement and get the hamsters running to fire up the investment miracle machine.


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