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Bit harsh Tech, skc posted "Exactly. Good range and move today for a trade. But God knows what's going to happen in 40 weeks." surely my idea was not that bad haha.


My initial post was regarding looking for some bad news and then trying to buy when a stock is oversold. And I am trying to figure something out around that possibly using TA to develop a system. It does appear that my use of these words is a bit loose.


Like I said I am still reading and thinking about your post point by point.


I have a tiny tiny budget at the moment and this will not be changing in the foreseeable future. (Very low hour commercial pilot = little money) Even an experienced trader and programmer could not trade on my account. Your advice as excellent as usual and I will be using it to develop a purely trading system.


Maybe I should of been more specific of my situation before seeking advice, but I can assure you your time was not wasted on me, and I am sure many many other people will find it useful.


Tech, a few quick questions if I can. Do you see any merit at all in how I want to start entering the market or am I completely barking up the wrong tree? What would be an absolute minimum you start TA trading with (Im not trying to make a living off it...yet)? and what system would that be?


Keep the comments coming


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