Daytrading! Part Deux

Discussion in 'Journals' started by JTK, Mar 8, 2008.

  1. i have bought it and watching it as well for the last couple months --- other than his recommendations have you found anyway that is more consistent than another at interpreting it?

    thanks for any input
     
    #51     Aug 13, 2008
  2. JTK

    JTK

    I use it on a 512 tick chart, with the countertrend set to "true" and it works pretty well. In a strong trend, however best not to take the first opposing signal (i.e. long signal in a strong downtrend). Best to wait for the second or even third opposing signal. But all in all, I'm satisfied.
     
    #52     Aug 17, 2008
  3. thx appreciate the insights ---

    i have noticed in strong trending markets the CT doesnt work to well --- but knowing when your hitting a strong trending & chop usually i can see after the fact i guess figuring that out before fact would be the key would help with this indicator---if you have anymore thoughts along these lines that would be great.
     
    #53     Aug 17, 2008
  4. JTK

    JTK

    After a strong trend, I like to see a stochastic divergence or big candle in the opposite direction before entering on what appears to be a reversal. And then keep a tight trailing stop.
     
    #54     Aug 18, 2008
  5. Kie1

    Kie1

    Excellent journal... I will be following!
     
    #55     Oct 14, 2008
  6. yeah really wish there was some good trading with these indicators --- but still searchin :)
     
    #56     Oct 14, 2008