Timing When to Buy or Sell Based on Tools

Phil Town answered this in the comments yesterday, but I think it's worth reiterating here:

It's easy to decide if it's too late to buy or sell based on tools.  You have three tools (MACD, Moving Average, Stochastic) and all of them have to say the same thing at about the same time.  Say within a couple of weeks or less. 

So first one tool goes green (gives you a buy signal) then another one... so now all you're doing is waiting unemotionally for the third signal.  It could be any one of the three.  If it's the Stochastic then when it goes green, you buy the next day. 

But what if you missed it?  Then you wait and see if if the price returns to the Moving Average line and bounces off.  If it bounces off you buy, if it doesn't the you'll get your first red, right, so you don't buy.  You wait. 

Now go play.

Phil Town