In my last couple of posts, I stressed the importance of simplifying your trading. Well, today I wanted to show you a perfect example of what I am talking about. This stock screen and trading strategy takes no longer than 3 minutes to run and analyze. You could easilly add a new stock to your watch list or portofolio, just that fast.
As you continue to follow me on The Trade Detective, you’ll find that I incorporate the work of traders whom I respect into my trading efforts. Adam Hewison of Marketclub.com is one of those traders I think everyone should follow.
Stock Screen: Marketclub New Monthly Triangle
If you are unfamiliar with Marketclub Trade Triangle Technology, you are in for a real treat. Simply, elegant, and incredibly accurate, the trade triangles present a very simple yet effective trading system. Adam has created a video detailing how to use the stock screen, and even shows you his simple method of applying fibonacci retracements to the stocks returned by the trade triangle stock screen.
For those of you who are not complete newbies, this screen and trading strategy is going to feel too simple. You won’t see a complex combination of indicators that need to be analyzed, or any other hocus pocus. What you will see is a complete strategy to incorporate into your trading plan, and to utilize or update as you please.
For example, I like to use the MACD to filter the trade triangles when a new weekly triangle condradicts the overall trend (monthly triangle). If the macd supports the weekly triangle, that is a solid sell indicator, and vise versa.
So take about 5 minutes and watch the video, and, please leave drop me a comment with your feedback.
- open the video
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