posted by Ryan4891 on 6 hours ago
i wont rant too much about indicators but, i will say this;
on trend days, just about every indicator will tell you to fade it on at least one
timeframe.
it will lose traders money.
on range days, IF there is a divergence, or an "over-bought/sold" signal...this will make
money.
this exists on all timeframes and all indicators. its why people lose money with
indicators (or systems based off of them).
****zero context****
what i just said is virtually never taught, which is why most common technical analysis
sucks
Last edited on: 11-21-2009 02:33 am
posted by Ryan4891 on 7 hours ago
kos -
sugar has been a hot market. it also did a similar pattern in 2006. id bet it follows that
model.
posted by kos1 on 7 hours ago
Gimme' some sugar, sugar.
src="http://twitpic.com/show/thumb/qc3j7.png">
Calling it a night. ttyl-
Last edited on: 11-21-2009 02:24 am
posted by Ryan4891 on 7 hours ago
JCP
http://stockcharts.com/h-sc/ui?s=JCP&p=D&yr=0&mn=10&dy=0&id=p17075852402
trend has definately changed. youve got a channel, MA, that have held the uptrend broken
at the same time? price formation? weekly MACD turns on it? volume confirmation?
thats nice
posted by kos1 on 8 hours ago
posted by GTNew on 9 hours ago
Running,
Contrast the $JCP chart with this chart $GLD:
http://twitpic.com/qbkih
Notice how the sigma bands, Upper/lower Red, Lime Green, Blue and Gray lines are pointing
in different directions and moving away from each other. The middle red, dark green and
brown lines, moving average lines, are all sloping
up. CCI Trend moved above zero in January and has stayed above, even though MACD gave two
false sell signals.
This is a trending market and one you want to trade. You buy the dips. Anyway, that's my
take on it. Others will disagree. That's why, imho, you have to have confidence in what
you do and turn the noise off. But it's still fund to speculate, and I do it everyday. I
just don't trade off it.
Last edited on: 11-20-2009 11:38 pm
posted by Trading Nymph on 9 hours ago
GT, Vette and Ryan, Thanks guys, from just a blog site, someone told me that and I didn't
want to go huh? what are you talking about if it is something basic for FX...went back and
asked after seeing it wasn't something common...turns out M5 is 5 minute chart and M15 is
15 minute chart...vette also linked that...I was with you GT, I thought it was money
supply cuz it's a fundie based site which discusses economic data etc...mainly my source
for German PPI chat at 2:00am pst...lol..thanks guys!
posted by GTNew on 10 hours ago
Running,
Kos will tell you. I have special chart glasses. lol. Sorry, I forget, it all makes sense
to me, but it's mish-mash to you.
Anyway, it could find support at the lower yellow channel line. The sigma bands have
turned toward each other indicating a trading range environment and decreasing volatility.
Until there is a break out of the range, I would just stay away.
posted by Running with The Bulls on 10 hours ago
GT-
I looked at your chart and I thought my head was going to explode!! lol
Last edited on: 11-20-2009 10:55 pm
posted by GTNew on 10 hours ago
Kos,
I like to use CCI Trend for confirmation because MACD gives too many false signals.










