What's New
By Colin Twiggs
March 01, 2007 11:00 p.m. AEDT (7:00 a.m. ET)
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Terms of Use.
Trading Standard Deviation Channels
Standard deviation channels are plotted at a set
number of standard deviations around a linear regression line.
They can be usefully applied to swing trading (as well as for detecting changes in momentum).
Visually identify a stable trend on the chart and fit standard deviation channels
by dragging your mouse over the selected time period.
Example
Sydney Gas Limited [SGL] is plotted with trend channels drawn at 2 standard deviations
around a linear regression line.
After equal lows in December 2005 and August 2006 SGL started to rally.
- The signal to go long is identified when the secondary reaction (or consolidation)
at [1] respects the
100-day Exponential Moving Average.
- Accompanied by strong accumulation with
Twiggs Money Flow
holding above the zero line.
Hint: Place your mouse over the caption markers for chart commentary
(if using Mozilla Firefox or Internet Explorer).
Channel lines are extended using Auto-Extend (right-click on the trendline).
- Opportunity to increase the position presents itself with another higher trough
in the lower half of the trend channel
- A further pyramid opportunity
- Exit when price reverses below (or respects) the top trend channel
- Another entry signal when price completes a
double bottom
at the lower trend channel
(price is above the 100-day Exponential Moving Average
and Twiggs Money Flow has respected zero)
- An opportunity to increase (pyramid) your position when price respects the lower channel line.
More:
One of the primary benefits is using the trend channel to adjust your trailing stop losses
in order to catch a large part of the trend.
Using The Stock Screener
There is a new section on the website on how to use the stock screener more effectively.
Example
Yahoo [YHOO] turned up in a screen of the S&P 500 for stocks with 12 Month Price Move
less than zero and Closing Price above the 100-Day EMA.
- Enter when price respects the 100-day MA (not on the first cross-over).
- Look for confirmation from Twiggs Money Flow respecting zero -- signaling accumulation.
New Stock Screen help pages
Emailing Charts
With Outlook Express
If the Email Charts command (in Incredible Charts) returns a blank address bar,
this may be due to a faulty Microsoft security update KB911567 20-Apr-06.
There is a simple fix at
Inside Outlook Express.
With MS Outlook
To send emails with Microsoft Outlook, select View >> Advanced Options >> Send Email With Outlook
Mozilla Thunderbird
Thunderbird does not appear to offer a command-line option to open a file;
so we cannot open Thunderbird as we do with Outlook Express.
Hopefully Mozilla will address this shortfall in the future.
Here is the prime condition of success:
Concentrate your energy, thought and capital exclusively upon the business in which you are engaged.
Having begun on one line, resolve to fight it out on that line, to lead in it, adopt every improvement,
have the best machinery, and know the most about it.
~ Andrew Carnegie.
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