written by reader What is the magic X trigger?

By blueribbon, January 3, 2017

Keith Fitz-Gerald is flogging a mystery pattern that magically only he appears to know about. I seem to recall someone else was flogging a similar magic X crossing a while back.
It could be Aroon or a number of different indicators. Anyone out there have any idea’s?
regards Les.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

3 Comments
Inline Feedbacks
View all comments
Travis Johnson, Stock Gumshoe
January 3, 2017 8:06 pm

Aroon is definitely part of it, at least — we had a long discussion about it early in 2015, which is the first time I saw him pitching this “Magic X” pattern trading signal… most likely the actual pattern and pitch hasn’t changed much, though he may be flogging different stocks at the moment — that older discussion is here if you’d like to see what folks had to say.

Add a Topic
4676
👍 16609
Scott Barnes
Member
Scott Barnes
January 4, 2017 8:52 pm

Looks like Aroon 14-21 day calculation. Then he is taking those that look like they will breakout and checking their 9 point Piotroski score for financial stability. I have used this method, and it can help (time consuming for sure), but still use some common or your “spider” sense before pulling the trigger on buys/sells.

John Davidson
Guest
January 8, 2017 11:47 am
Reply to  Scott Barnes

It works but is expensive at $1995.00 per year. There is another service out there that has the same thimg – the same stocks for $295.00 per year. What works best for me is a combination RSI and MACD mixed wth daily expodential Candlestick watching.

We use cookies on this site to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies.

More Info