"The 3 Magic Lines Strategy"

[Terliso]

Moving averages are one of the most basic tools used by traders. If a stock is under many or all of the key moving averages (20-, 50-, 100-, 200- and 250-day moving averages), then that stock is probably headed lower - regardless of what the fundamentals look like. There's an old Wall Street saying that cautions, "Don't buy stocks, buy companies." Investors tend to buy companies, while traders tend to buy stocks. However, the very best investors soon realize that both components are required in order to achieve top results. Before you make an investment, it's worth a look to see if it's actually moving in the right direction, or if it's above most of its moving averages.

[Terliso]

Combination of these 3 works just fine

1) The 3 moving averages
2) Sudden rise of volume
3) Weekly MACD Bullish Cross -- above zero level, Exactly @ zero level, bounced off at zero level or near @ zero level.

[Terliso]

I will post lots examples of 3 magic lines here, so please check back on this thread

[Terliso]

Quoted from the book "The Amazing life of Jesse Livermore"[/color]

The big money is made by "the sitting - not the thinking." Once a position is taken the hardest thing to do is to be patient and wait for the move to play out. The temptation is strong to take fast profit or cover your trade solely out of fear of losing the profit on a correction. This error has cost millions of speculators millions of dollars. Be sure you have a good clear reason to enter a trade and be sure you have a good clear reason to close your position. It is the big swing that makes the big money for you.


Let's face it, emotion always kicks in once we enter that trade...

[Terliso]

Combination of these 3 works just fine

1) The 3 moving averages
2) Sudden rise of volume
3) Weekly MACD Bullish Cross -- above zero level, Exactly @ zero level, bounced off at zero level or near @ zero level.



Daily & weekly scale 3 magic lines is the perfect "3 Magic Lines Strategy"
Example: STEC

[Terliso]

Daily & weekly scale 3 magic lines is the perfect "3 Magic Lines Strategy"
Example: STEC

Another good example of that would be PTSC....check it out!!

[Terliso]

Stay tuned, there are lots examples of 3 magic lines.... I'll be flooding charts in this thread

[422fwhp]

...like this one?

 

[Terliso]

More....

[Terliso]

AOB

[Terliso]

AVII

[Terliso]

Combination of these 3 works just fine

1) The 3 moving averages
2) Sudden rise of volume
3) Weekly MACD Bullish Cross -- above zero level, Exactly @ zero level, bounced off at zero level or near @ zero level.

[Terliso]

CHDT

[Terliso]

CHTR

[Terliso]

IIJI