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

kos -

sugar has been a hot market. it also did a similar pattern in 2006. id bet it follows that
model.

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

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

The JCP I had set as a possible buy level w/support, dependent on market conditions of
course. Now it got me to looking at other retailers. Hmmmm

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

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!

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.

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

Kos,

I like to use CCI Trend for confirmation because MACD gives too many false signals.