The new Fire & Ice format signals will be generated when a stock is in "oversold" or "overbought" territory. There are currently four technical methods applied:
• Fire & Ice researched stock-pick, one to two week time horizon
• StochRSI, three to eight days trade signals
• Rahul Mohindar Oscillator (RMO) Turtle Trader, short-term trading system
• TT days YELLOW Caution as stock is nearing stop loss prices
Entry should be applied close to the given level but discretion should be used based on the days momentum i.e. Enter longs at lowest level on down trending day and enter shorts at highest point in up trend.
Even though the Fire & Ice system can be good at capturing profits on a large number of trades you must place a STOP LOSS at 2%-5% (adjust for volatility) should the trade immediately move against you.
The new Fire & Ice format signals will be generated when a stock is in "oversold" or "overbought" territory. There are currently four technical methods applied:
• Fire & Ice researched stock-pick, one to two week time horizon
• StochRSI, three to eight days trade signals
• Rahul Mohindar Oscillator (RMO) Turtle Trader, short-term trading system
• TT days YELLOW Caution as stock is nearing stop loss prices
Entry should be applied close to the given level but discretion should be used based on the days momentum i.e. Enter longs at lowest level on down trending day and enter shorts at highest point in up trend.
Even though the Fire & Ice system can be good at capturing profits on a large number of trades you must place a STOP LOSS at 2%-5% (adjust for volatility) should the trade immediately move against you.