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Hi Perry,
Thank you for a great discussion. You had so many questions asked that I thought it might be better to write a note. If you have the time, please tell me what the Blue dash line is and what is the Gold dash line. I am guessing one is a 3 period pivot point moving average, and the other is a 14 period.
Appreciating your help,
WCwings
John Bond
You did a great job of explaining your strategy. Makes me think you might have been a teacher at one time? I am anxious to get your template and indicators after you have time to post them.
I do have a question. Your stop explanation was very clear to me. However, am not sure how you determine your profit targets. Do you use a fixed target, or wait for a signal the move may be over?
I have been trading a long time, but I learned a lot about new ways to use moving averages, Thanks Perry, also a very clear and easy to understand presentation.
