Hi Guys on Kipper saystem 1 MACD, is the primary tool/oscilator and we are looking to take a position/trade when the signal line is below 0 and croses the other line. Sometimes the lines can recross within 24/48 hours(noice in the market) so best to wait 48 hours to make sure. The histogram will confirm.
The other oscilators Stochs and RSI are used as back up in that U want to make sure MACD is not giving a false signal. Volume as ever is important and ATR is used to gauge volatility. I dont wish to enter the market on a position when the stock is raving volatile and can get away from me in the wrong direction, it helps a safe entry coupled with a beta 1 or below.
The system results U should have around 20 to 25 per day if you check them out usualy give a very big percentage of stocks that have hit a previous high but have fallen back and a second bullish wave is just about to start usually with you able to capture about 20% to 25% upside before the former high is met again. This doesnt mean You cant ride it up to a new high, but the last high is your first target.
Beauty of the system is the discretionay element it allows you to pick from the list your areas of interest and the systems primary tool can be changed to suit different market conditions.
I think its best if I flag up the forum on twitter (u dont need a fancy phone your PC will allow sign in) where the system is dicussed in depth and used by a lot of traders.
U may have to get permission to read certain parts on the forum just ask the guy below for entry when Youve signed up and say Mick Kipper organised it or something like that, you should have no problems. Theirs a lot of help factors on the system here.
http://twittertraders.forumotion.co.uk/
and the guys link........ ask for Kyle.......
http://twitter.com/#!/they_r_watching
Hope that helps. If you require anymore please let me know Kipper 2 will be released late aug/sep and is not a substitute for above but is in fact a system for market tops. happy trading