Sunday, November 18, 2012

Chartechnik:The five day trigger

When buying each time the quote is pushing trough the 5 day average from beneath and selling when the opposed signal occurs is another quite solid short term indicator to find reasonably based entrance and exit points in the waves of the market.
Since I am always trying to win the smart ass contest and give helpful advise in the same time here a trading example chart of the German Commerzbank:

I did just mark a few buy and sell points to fortify the trading style.Each time the line starts pointing upwards buy and sell at the opposite signal.:)
Being successful in stock trading isn't that complicate as it appears to many people,to be honest with you.:)

"Any day you haven't learned something new is a wasted day."

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