S, L = 15 and 60 week moving averages. Buy if a) P>S>L AND b) Sâ€™, Sâ€™â€™, Lâ€™, Lâ€™â€™ all >0. Define EXIT=(S+L)/2. Sell if c) P<=EXIT OR d) Sâ€™+Lâ€™<0 OR e) $ loss limit reached. Note: condition (d) ensures that EXIT never declines.
I am a systems, rules based, long term trader & teacher. I go out of my way to avoid noise, while managing risk. I view the market via WEEKLY bars. A careful examination of my list of losing and winning trades tells the complete story.
Ex ad exec, wrote award winning TV commercials for major agencies NYC, TV scripts in LA. working on a book, & Bartok (piano repertoire).A devout retronaut & happily un-cell phoned.
Mostly a position trader . My posts are NOT stock recommendations.
A work in progress, trader for 25 yrs. thru brokers (remember those) past 5 yrs. full time scalp,swing and now options picked up bits pieces from some great traders on ST since 09 what a great resource! Thanks