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.
Trend follower, portfolio manager, market technician. Former sales trader to hedge funds/institutions, research analyst, prop trader, buy-side head of desk. Only took 25 years to find what works for me. Always learning.
"Sometimes your whole life boils down into one insane move!"
CEO, Coach, Gamer, Dad, Numbers Whiz, 20 Years trading experience.
Winning Trades given to followers in spring 2012 : LGF at 11, AAPL at 525 - that fall AAPL hit 700.
Sorting the truth or likely truth from the noise is a key attribute of the successful investor. My commentary reflects this effort. See my profile, articles and comments on Seeking Alpha: http://seekingalpha.com/author/robert-mcdonald/comments