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Just wanted to simply say thank you for your tutelage. You have given me several missing pieces that are needed to be a successful trader, for that I will always be grateful.
WELCOME to ALLAN TRENDS
Trend Trading Stocks and Commodities
This five-month period from the middle of 2012 is a perfect illustration of how the AllanTrends algorithm draws a trend line that keeps the trader on the right side of every trend. During the LONG TREND from early June, price consistently bounced off of trend line support, providing a series of excellent Short-term Buy signals. When the trend line was finally broken in late October, the market’s Intermediate-trend reversed from Long to Short.
Whatever happened to the art of stock picking? There is still no better way to exploit the money making opportunities inherent in the stock market than through buying stocks low and selling high. That is exactly what our algorithm has been designed to do. The algorithm bought DAL in October, 2012 at $9.74 and as of April, 2013, is still holding long at $16.50, with a stop at $15.05.
The SLV Daily Trend Model illustrates how the AllanTrends algorithm can be applied to commodity-based ETF’s. Note the lack of complicated fundamental or technical analysis. The model is either LONG or SHORT, opening the door to a host of trading strategies.
Past performance is no guarantee of future success.