Unless you're new to this, you would do well to have both trend-trading and trend reversal/range-trading strategies at hand. Just make sure your signals for each are different.
Again porgie, it sounds like you have something to share. Perhaps you'd like to start a thread on it? A journal even? That way we can keep this thread for talking about no pm's technique, since he did start it after all. Thanks for your thoughts and consideration
You are 100 % correct..I will cease and desist. I'm just bored tonight. I don't have anything worthwhile to share as you can tell by my posts...Talk is cheap so I will shutup and leave this forum now. Thank You....Good Luck
I thought this was interesting. Some of you technical gurus probably know why this is the case. I have been doing a little experimenting with adding the Chaikin divergence as an additional filter for my method. As best I can tell, it is based on volume. Take a look at my MACD. I look for divergence in the 4,13,1. I plotted the Chaikin under it. 3,10. Looks almost identical. Same with CCI. Can someone explain this to me? Signed, BubbaVisionTrader Momma didn't teach me this one.
Sorry. Little confusing. The Red line in my chart is the MACD signal line. The Gray line is the Chaikin. There is no CCI. I have just noticed the same correlation with this indicator. Chaikin Oscillator The Chaikin Oscillator compares a slow exponential moving average and a fast exponential average of the Accumulation Distribution. This indicator is considered a sensitive intraday measure of volume relative to price action. The Chaikin Oscillator identifies divergences between a market's price activity and the oscillator.