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Showing posts with the label RSI

How to Pick or Screen a Stock for Stock Trading

Picking a stock is an important step to stock trading. There are hundred of stocks out there and the choice can drown you. I wrote previous about how to screen stocks here from perspective of various traders; there is even the Mark Minervini trend template you can use to screen stock Again here are ways to screen stock for stock trading using technical analysis. These uses a stock screener Option 1 - EMA price above Option 2 - MACD about to cross signal from below Option 3 - MA 20: moving average about to  EMA 13 Option 4 (Mark Minervini Trend Template) - c urrent stock price is trading above the 50-day moving average -    50-day (10-week) moving average is above both the 150-day and 200-day moving averages - price is  30 percent above its 52-week low -  current stock price is within at least 25 percent of its 52-week high Option 4 (ABS trading) - MA 20 price is above average - MA 50 moving average below MA 20 - MA 100 moving average ...

Price Indicators RSI

Price Indicators as shared by TradeKoto Trend: Moving averages Volatility: Bollinger bands Momentum: Relative Strength Index RSI more than 70 value= overbrought or overvalued;  there will be corrective pullback, to the downside selling signal less than 30 = oversold or undervalued;  there will be corrective price reversal to upside buying signal take note of the 50 level, if line cross above the mark then it will be uptrend the RSI line crosses down from the 50 level mark, its downtrend For more on stock trading, visit Digital Nomad Here

Mark Minervini Trend Template

Mark Minervini is  one of America's most successful stock traders; a veteran of Wall Street for nearly 30 years.  His trend template The current stock price is above both the 150-day (30 week) and 200 days (40 week) moving average price line The 150 day moving average is above the 200 days moving average the 200 day moving average line is trending up for at least 1 month (preferably 4-5 months minimum is most cases) the 50 days (10 week) moving average is above the 150 day and 200 days moving average the current stock price is trading above the 50 days moving average The current price is at least 30 percent above its 52 week low The current stock price is at least 25 percent of its 52 week high  and closer to the new high the etter the relative strength ranking is no less than 70 and preferably in the 80s or 90s For more articles on stock trading, check out Digital Nomad Here

Using Charting Tool for Stock Trading

Joseph Busto documents how to use the charting tool in Investagram in the following YouTube videos Pinoy Stocks Central shares how to customize charts on Investagram here  and even shares about indicators and oscillators here  like MACD, EMA. RSI. DMI, Ichimoku clouds and Bollinger bands. The problem with his site is numerous pop ups. For more stock trading articles, visit Digital Nomad Here .

Cost Averaging, Again MACD and RSI

Alex Onze has interesting take on stock trading. He calls himself the Ghetto Financial Adviser. His songs and rap are actually entertaining. He shares place orders on GTC advocates cost averaging build assets first before buying Tyrone Solee of Millionaire Acts in his blog shares about MACD and RSI Buy when MACD crosses above the MACD signal line Sell when MACD crosses below MACD signal line Watch out when the MACD lines cross, check if the histogram has flattened Buy when RSI crosses bottom line ( Sell when RSI crosses above line (>70) or overbought line Spyfrat aka  Sir Hernan Segovia shares on stock market indicators he used Bollinger bands RSI Additional setup from Spyfat Daily Time Frame Weekly Time Frame Bollinger Bands set values at 50, 0.20 RSI set to 30-period from the default 14 and set level 70 & 50 from the default 70-30 Conditions according to Spyfat If bollinger bands below your prices= uptrend If bollinger bands...

How to Back Test Stocks and Bounce

Why we need to back test stock? Jack Angel shares: To know the support and resistance and to know when to buy or sell. Why we need to back test? Belle Layos shares learned about bounce trading first (from Money Growers PH) reference: ZF's Bounce  Plays 101 , Kapitan Kidlat's 3 days to Kill ,  back test to test mastery and trade setup backtest tools Excel to input data and Word to see charts Belle Layos setup for bounce play previously trending with parabolic move 3 day declining rule previous Darvas must act as support Use Fibonacci retracement with bounce in 38.2%, 50% and 61.8% (From Jason Cam) Candle should not close below retracement Should have reversal signs like doji or weak candles Drying volume, should dry up Sell on the 3rd day of bounce Then on an Excel table, she has the following columns Count on how many of the above criteria has been met Name of stock/ symbol of stock Date bounce point Fibonacci Previous candle Volume ...

Trendlines, Hang on, Let Go

The YouTuber Jack Angel mentioned in one of her post that she has been greatly influenced by another YouTuber Alex Onze on stock trading. Alex Onze was among the first to used his mother tongue to talk/ teach about stock trading and there is Money Growers who brings a more aesthetically pleasing videos on trading. In Alex Onze's early videos, he talked about plotting trend lines and identifying support and resistance. In an uptrend, he advises buy on support, then at sell on resistance. If you miss selling on the first time the price hit resistance, sell when it is at 50% between support and resistance..In a downtrend, after identifying support and resistance, same technique: buy on support and sell on resistance. he demonstrated that in an uptrend, once the supply is almost too much, avoid buying that stock; but in an downtrend, once the price drops so low it becomes a hot stock with tendency to bounce back; buy once initial bounce back is equal or more than 50% as the...

Simple Indicators to Buy More Stocks

I wanted to get into stock trading, and what are the indicators I need to know at the minimum to know to enter and exit or how to set buy and sell triggers moving average 20: when the price pierces the MA 20, time to probably sell candlestick: watch out for the doji MACD: when the histograms almost flattens RSI: line goes below the 30 For more articles on stock trading, check out Digital Nomad Here