Stocks & Commodities V. 23:3 (110, 100): At The Close by Jayanthi Gopalakrishnan
In my February 2005 column, I hinted about coming up with In a new trading system. That was because the number of trades I was making per month had dwindled to one or two — if I was lucky. So I decided to spend some time observing the market to identify any changes in market behavior and integrate them into my system in the hopes that it would generate more trades.
As it turns out, I am still observing the market, so I will not be walking you through a trade this month. Instead, I will show you how breakouts above moving averages can be used to your advantage.