NYSE:NRP NATURAL RESOURCE PARTNERS L P
NRP has a lot to offer investors. The company leases properties to coal miners and with recent decline in the coal mining industry NRP has declined with them. The most recent decline can be traced to a fall in dividends. Dividends is one of the attractive aspects of this trade. The current dividend is .35 quarterly with an annual return over 8% at the current price. Along with getting a nice return for your investment, price is at the bottom of a potential on the monthly chart. And looking at the daily, we have an IHS taking shape. Now may be the time to consider NRP.
I think it is a matter of preference. What matters is can one correctly interpret the information in the format chosen and ultimately make money. Making a profit is the true test of what is right or wrong. For me , for now 7, 21 are working. That may change, so I appreciate the suggestion. I know some successful traders use 14 like yourself and I know others who will use nothing but a version of 21 or 22 and then there is nmike and his 34. I like the 34 on the fisher but would not be surprised is someone was successful with 21 . I have grown accustomed to theses inputs , as i imagine others have grown accustomed to the ones they use and my eye knows what to look for when using them. just as others know with the ones they use. I think consistancy, if working for you , is a key to success.
Maybe i should add - im not looking to change your ways, im looking to enhance mine :) I read from timwest that there may be a ratio indeed, like use twice as narrow on the short term than on the long term. the line does not change much, and looking at a lower grain does give more room for error - but it is nice to hear to other traders think and make your own conclusions, try new things out. So thanx for your input!
Me too , enhance my ways I mean. Nmike will often use a version of both long and short in his charting . On an indicator like the the fisher, the 34 may drop below zero while the 100 is still in positive territory. On a stock in an uptrend this may reveal a buying opportunity. Same thing can be done with the CCI with a 21 and 50 inputs. I have tried 14 on RSI but I keep coming back to 7 on all time frames. I like it fast. For some, the choppiness with so many signals may be confusing but for me I am lost with it. But one thing I have learned is what I see and understand today may not be the same tomorrow. What I mean by that is that if one stays at it long enough, ones understanding changes with time. It takes time for knowledge to sink in and grasp.