Friday, November 6, 2009

Strategy

I'm using one strategy for my technical trading these days,

PPS and MFI

If Person's Proprietary Study, an indicator based on pivot points, shows an arrow then open the position if the MFI is crossing from overbought or oversold within the last five trading days. Exit upon a reversing PPS arrow. If earnings release is scheduled within a week, then the MFI need only move in the direction of the PPS signal, without regard to overbought or oversold condition.


I also trade Gorilla Trades recommendations, ThinkOrSwim's Red Option tips and several high-yield issues, none of which are covered in this venue.

Have a great weekend, everybody. Remember, although next Wednesday is Veterans Day, the U.S. stock markets will be open for business. Hooray!

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