Phil, I would have not seen that triangle had you not pointed it out.

K, I liked that 3d Acer.

Matt, thanks for hosting such an excellent forum.

George, you rock!

Twins, wow.

Larry/Yerk, not bad for a pair of furners.

The rest of you, thanks and I hope I have not been too much trouble. I’ll check in but duty calls.

(The following description is in its “raw” form as there are several variations and nuances that can enhance both the number of signals and the length of the trade.
Buy when these three conditions are met:

1) Stochastic has bottomed near or below the 20 line and has turned up
2) The 3MA or price has crossed the 9MA
3) MACD histogram is 1 tick above the zero line OR the MACD crosses.

The objective is to align or sync these three together: Get them at their simultaneous turning points for not only a good risk/reward entry but also for better moves and gains.

Trade Management and Exit:

(Note: “3MA” can be substituted for “price”.)

Once a trade has been entered, and if price is below the 36MA, exit if price falls to or below the 9MA AND the MACD histogram tick goes below zero OR the MACD trendlines cross (basically the same thing but chart screens are different and one may work better than the other).

If price goes above the 36MA, the 36MA can then be used for the exit if price falls to or below the 36MA and the MACD histogram is 1 tick below zero OR the MACD trendlines cross. Another option is to switch to the next-higher time frame to manage the trade by using the 9MA exit rules described above.

These are “scalp” trades, therefore various methods may be used to gain quick profits and stay in the trade with a remaining portion. These are quick-exit tools:
- Stochastic kiss or cross
- Stochastic goes above then below the 80 line
- If below the 36MA, use a bump up against the 36MA resistance

My favorite is to sell most shares at or above the 36MA and hold the remaining and follow the steps listed above to exit.

Here’s my last trade for the day:

http://www.freestockcharts.com?emailChartID=5a4bd6f1-a496-4edb-94c7-859eb20376ae

I could have made 20 round trips or more given the action. I would love to chat about how you manage everything George. I’m guessing that you made at LEAST than many scalps today.

My biggest issue is the proper TIMING of getting in so that the stock Im’ scalping is moving in the right direction. You seem to have that down pretty well. Luckily, I’m relatively patient, but that can come back to bite me hard if the market moves hard against me.