HOT TOPICS LIST
- MACD
- Fibonacci
- RSI
- Gann
- ADXR
- Stochastics
- Volume
- Triangles
- Futures
- Cycles
- Volatility
- ZIGZAG
- MESA
- Retracement
- Aroon
INDICATORS LIST
LIST OF TOPICS
PRINT THIS ARTICLE
by Koos van der Merwe
The JM strategy has been very kind to me over the years. Here's why.
Position: Buy
Koos van der Merwe
Has been a technical analyst since 1969, and has worked as a futures and options trader with First Financial Futures in Johannesburg, South Africa.
PRINT THIS ARTICLE
MOVING AVERAGES
Entercom Communications And The JM Strategy
04/01/11 02:07:12 PMby Koos van der Merwe
The JM strategy has been very kind to me over the years. Here's why.
Position: Buy
| When I was shown the JM strategy in 1986, the person who showed it to me told me that the strategy had been very kind to him over the years. Since then, I have used it for investing -- not daytrading -- and I must say, the strategy has been very kind to me. My profits have not been stratospheric, but they have been above average. Figure 1 is an example of how to use the strategy on Entercom Communications (ETM). |
|
| FIGURE 1: ENTERCOM, DAILY |
| Graphic provided by: AdvancedGET. |
| |
| Figure 1 is a candlestick chart of ETM with the JM internal band (blue band) drawn over it. The parameters to draw the band are simple. It is a simple 15-day moving average offset by 2% positive and 2% negative. To close a position, we would use a simple 15-period moving average, as shown, or a trailing stop of your own choosing. I have shown a 15-period simple moving average (thin red line). Do note how the relative strength index (RSI) (12 period) has confirmed all the buy and sell signals. The JM strategy deserves a place in our trading quiver. Keep it there, and practice using it. |
Has been a technical analyst since 1969, and has worked as a futures and options trader with First Financial Futures in Johannesburg, South Africa.
| Address: | 3256 West 24th Ave |
| Vancouver, BC | |
| Phone # for sales: | 6042634214 |
| E-mail address: | petroosp@gmail.com |
Click here for more information about our publications!
Comments
Date: 04/04/11Rank: 5Comment:
|
Request Information From Our Sponsors
- StockCharts.com, Inc.
- Candle Patterns
- Candlestick Charting Explained
- Intermarket Technical Analysis
- John Murphy on Chart Analysis
- John Murphy's Chart Pattern Recognition
- John Murphy's Market Message
- MurphyExplainsMarketAnalysis-Intermarket Analysis
- MurphyExplainsMarketAnalysis-Visual Analysis
- StockCharts.com
- Technical Analysis of the Financial Markets
- The Visual Investor
- VectorVest, Inc.
- Executive Premier Workshop
- One-Day Options Course
- OptionsPro
- Retirement Income Workshop
- Sure-Fire Trading Systems (VectorVest, Inc.)
- Trading as a Business Workshop
- VectorVest 7 EOD
- VectorVest 7 RealTime/IntraDay
- VectorVest AutoTester
- VectorVest Educational Services
- VectorVest OnLine
- VectorVest Options Analyzer
- VectorVest ProGraphics v6.0
- VectorVest ProTrader 7
- VectorVest RealTime Derby Tool
- VectorVest Simulator
- VectorVest Variator
- VectorVest Watchdog