Experienced trader and provider of a stock market advisory service “The chartist”, Nick Radge was speaker at the Adelaide branch of the Australian Technical Analyst Association last night (Thursday July 19). He is also author of the book “Unholy Grails”.
The many variations of trend following strategies support Charles Dow’s pioneering value in technical analysis.
Nick Radge points to the usefulness of 20 week (100 day) and 40 week (200 day) moving averages for determining the direction and duration of the trend.
He is also an advocate for delaying entries and exits until significant directional momentum emerges. This can be achieved by waiting until for example there has been a 20% shift in price.
For details please see Nick’s website <www.thechartist.com.au>
Categories: Trading opinion