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Try
combination of DMI+ DMI- and ADX.
Regards,
Vladimir
Hi All,
I trade UK stocks and
currently I am quite successful in choosing
those stocks which continue to
make short-term gains in an Uptrend
using certain combinations of MA's to
first identify these stocks.
However, the one area where I am having
MAJOR problems with is
predicting when the current uptrend rise will
collapse.
So far, I have held on to certain stocks only for them to
suddenly
drop in SP which results in my stop loss being hit , or worse
still
closing trades only to watch them suddenly shoot for the stars a few
days later !!!!!!!!
There may be some scope to modify my
stop loss (ie. lower it) to
eliminate it being activated but this
obviously will have a knock on
effect to my risk:reward ratio.
My
goal is to identify those stocks beginning a new uptrend and to
ride the
tend as much as I can before it falls against my position.
In the
instances where the SP then levels off and stays within a
short trading
range, I am happy to wait 3-5 days to see if the
uptrend continues and if
not, to close my position.
Consequently, can anyone recommend any good
indicators to give some
indication as to when a rise may run out of steam
or when it is good
to keep a certain trade open??
Any help much
appreciated as I've run out of ideas and don't know
what to
try.....
Many Thanks in advance,
Chorlton
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