#HYHRD: Consulting with the “Elders”

I get a weekly newsletter from stockcharts.com, called “ChartWatchers – The StockCharts​.com Newsletter for June 21st, 2015” (web version is linked).

While the newsletter starts out by warning against overthinking and/or over-analyzing, I still enjoy reading it because I like to learn about stocks, charting, analysis, and mostly because I just enjoy it. I know, it makes me seem sick and twisted but I like that!

Anyway, I came across something in the newsletter about the Elder Impulse System that piqued my interest. I checked it against my new ‘system’ (as yet unpublished but referenced in my previous post) and got confirmation on several of my selections.

I forwarded this information to a fellow trader on StockTwits who was looking for a good entry point on one of my current holdings. His reply, and my replies:

Used to tinker with the elder impulse but found I would miss a big part of the move if I waited for the bar to turn green.

I just found it confirms my ‘system’, outlined here; hyhrd.com/2015/06/20/hyhrd-… so I will add it to my repertoire as a confirmation

I also like the point & figure charts on stocks as well. So how are you doing? I hope you are well & enjoying a profitable year

So, it looks like I might be adding a new post about “Consulting with the “Elders”” to my battery of postings here on the blog.

I also like the feature about the “SCTR” line and may add that as well. I’ll have to see what works best in combination before I step in any further.

As an aside here, it seems to me that this “SCTR” thing could be closely related to the barchart.com version of their ‘opinion’ rating, called; “TrendSpotter”. But, I probably won’t use that just yet, maybe after I have made some selections, maybe not at all. We’ll see…

I’d also like to tie-in the P&F posts and this newly proposed post with the rest of the postings, to try to more closely resemble some semblance of intelligent thought, though I may not be capable of that.

Time will tell…

About PandA Trader

I am, I think... "Disobedience, in the eyes of anyone who has read history, is man's original virtue. It is through disobedience and rebellion that progress has been made." -- Oscar Wilde
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