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northam43

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Alias Born 08/22/2005

northam43

Re: None

Friday, 01/27/2006 8:47:34 PM

Friday, January 27, 2006 8:47:34 PM

Post# of 16
I trade UOPIX (Long) and USPIX(Short). My trading rules are fairly simple. I initiate the initial long position when the Daily NDX RSI(5) is below 30, with the use of the MACD(12,26,9). I may add to the position as I see fit up to RSI(5) 50. Above RSI(5) 50 I will not add any longs. I may sell a long position anywhere between RSI(5) 50 and above. I will only go short when the RSI(5) is above 70, with the use of the MACD. I may sell my short positions anywhere between RSI(5) 40 to 30. I will only sell positions that are profitable. I will hold positions long term if need be. When I get to a point where I do not have the funds to continue trading. I will hold my positions for up to 60 days and then sell all at once for a loss(Tax write off). Then I will start all over again. This chart is my primary tool http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[w,a]daclynay[da][pb50!b200][iUb5!Ua12,26,9]&...
I also review these sites:
http://www.vtoreport.com/rsi.htm
http://quote.barchart.com/texadv.asp?sym=QQQQ

That is pretty much my system. I have not taken the time to document my profitability. I may start doing that this year.

If you would like to review my historical record feel free to look at my posts at http://www.investorshub.com/boards/board.asp?board_id=2462

JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."


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