thursday turnaround and around and around, page-33

Thanks Farsight. I will have to keep that in mind.

I do not normally use the RSI. Its usually the Slow-stochastic, MACD for me. Plus I look at the 50 and 200 period MA's. Might be time to change tact.

What I have been doing is looking for line breaks and trying to buy when the are coincident with the oscillators crossing. Sometimes I get stuck, because for timing purposes I try to focus down the time periods from 15 minute charts to 5 and 1 minute. The aim is to make sure that the crossover of the oscillators are all coincident. I think I have been getting in when the oscillators of the various time frames have been counter-coincident.

I know how all this works, but I cannot seam to get into a rythym. Perhaps its because I am looking at the slightest details. And perhaps it has a lot to do with the the entry on counter-coincident oscillators time frames. It seams that the breaking of lines with little rapid spurts are often false, even if the oscillators are coincident. I seam to get caught on a hell of a lot of these. On the other hand, I often see on the 1 minute chart that the oscillators are overbought yet the price is accelerating away. I get indecisive here because of the fear that it could pull back at any minute (which has often happened). Either way, I often feel that if I do not act, I will miss the move, as has happened upteen times.

I see that we now have a line break on both the 5 and 1 minute charts. There have been several of these long buy points, but the price keeps pulling back. But the bid has touched 6192 (the point of my only worthy short for the day) Then the question becomes, has this become too far extended for thus to still be considered bullish. I was thinking that it was too far extended all day yesterday (and kept shorting at the lower end when momentum appeared to pick up) and the result of that was catastrophic.

I think the answer is that I should be waiting for line breaks on longer time frame charts line the 15 minute and 1 hour. This seams to coincide with much larger moves.

Anyway, just bought ZFX at 17.05.


Something tells me that I am more suited to medium term position trading.

Rambling, sorry.