I got a letter of offer, and so I am going back into the market, but as it's a new job, and a busier one than the last one, I can no longer do any kind of daily trading. I want to get a new strategy for investing longer term, rather than trading as I have before.
To ensure that this thread does not become one of financial advice, please do not mention any specific stocks, products, sectors or indices, and do not give any specific time frames. All I'm after is to try to find the indicators that suit my strategy.
That said, I'd appreciate any advice you might want to give.
My objective is to have my money in a low leverage index fund (maybe STW 50% geared) in such a way that I can basically leave it be, and just check the performance once a week or so, and either go all out, or leave all in. For that reason, it needs to be fairly simple and ignore daily fluctuations (get very few whipsaws).
I will also be adding in 3/4 of my wage every week, going in immediately 50% geared.
My thoughts for strategies are:
* 30 Day EMA
* Wilder Directional Movement Indicator
Obviously, with a long term strategy, I don't care if I lose 10% here and there on lagging indicators, but I would hate to lose some of those 20-30% down slopes we've seen this year.
Any recommendations on other indicators or risk management strategies I would need for these objectives?