S, L = 15 and 60 week moving averages. Buy if a) P>S>L AND b) S’, S’’, L’, L’’ all >0. Define EXIT=(S+L)/2. Sell if c) P<=EXIT OR d) S’+L’<0 OR e) $ loss limit reached. Note: condition (d) ensures that EXIT never declines.
Market technician, analyst and trader with over 25 years experience in global equity, forex and futures markets. Former sales trader to hedge funds/institutions, research analyst, prop trader, buy-side head of desk. Grass looks greener here.
I am an independent trader with over 25 years of experience working on the buy and sell-side. I have researched and invested in traditional and alternative asset classes and worked at Pensions Funds, International Banks and Dealers.
I started off as a business writer for Minyanville and made my way through to Benzinga before starting my own blog. Now I'm chief editor and content manager for bizu.tv - the edgiest business video content on the net.
Managing Director, Stone Street Advisors LLC. Fundamental value equity research/analysis for institutional investors, HNWs, consultants. Born skeptic. Ex-credit IB'er, corp dev, Stern MBA'er, Long time horizon ideas.