You weren't the subject. But it was disappointing when someone else ("Hook) brought up valid points, and the OP blows through them. Readers have the right to ask questions like those, before newbie traders who read this start risking their capital on it. If someone (OP) present a thread based on his methods as if they are profitable and as the solid basis, not even answering someone who asks valid questions is a poor sign. And it remains so, to this point. A person with some 30-40 posts saying he is profitable is a suspicious thing to ET netizens. Next thing you know, AHG will become a website, where followers are encouraged to subscribe.
Hi Anek, On your chart you pointed to a possible trend change. What caused you to see that. Was it the two higher lows and one higher high(between 13:16 and 13:20), together with the strong upcandle that broke the 50% level of the last down swing?
Trendline pierced with a body that closed (not a wick but body) and nothing but higher lows. Falling knives rarely make higher lows, when they do, it's most possibly a reversal.
Great day today, nothing but lower highs and lower lows. No reversal yet but the YM approaching the 900 support area so congestion to be expected. The morning however, has been nothing but paradise for the system. In fact, today so far is optimal for my style. Due to OEX and 900 support area I might skip the afternoon and keep the profits. Charts to come....
Its surprising that more people dont have the patience to wait for days like this and load up when they come along. A couple of good down days a month is all you need and there almost always is. The problem is that most people cannot be the frog. Whew. This is getting bloody.
Yeah makes you wonder how T28's 3sma+1 re-entry is going today I guess you are right, some people don't have the patience before jumping onto another system
Chart for 07.20.07 Vertical green line is long. Vertical red line is short. There is no magic in here, just the system. Weekend is here ! PS: Note to self stop taking those lame ass MACD crosses even if the stop is minuscule, that thing lags more than your grandma. Use strictly for trend visual reference, mountain colors or get rid of it.
As a visual indicator it is helpful when things get hectic but the zero line cross distracts so need some discipline there. There is always room for improvement.
Ahhh the ole zero line conundrum.. it's all interpretation Holmes.. indicators are a good servant but a poor master If an indicator is taking trades away from you then you are letting it influence you instead of working it to unveil the price action your brain unconsciously recognizes