It's very clear that it is not your desktop and as we all know, you know how to annotate. At least that's what you keep saying over and over and over again (this dance is going to ba a drag). It has those squiggly things. Look closely and you'll see them. If you don't wish to use these aids in your trading, that's your choice. Quite frankly what I fail to understand is how you can set yourself above JH and say that you know better about the utility of MACD and Stochs. You don't, and by the sounds of things you never will. Have you thought critically about MACD/Stochs? Let me answer for you. No. The great Einstein said imagination was more important than knowledge. For my money, his words and those of JH are worth listening to. Yours, I find, have been said previously, and better, by others. lj
I get three paragraphs but not one is an answer to my post! Hey, while you are on the JH kick, why don't you ask him if he STARTS with squiggly lines or the straight, parallel type!
Due to moderator post deletions. it appears that I am referring to you, Spyder and my little pal avi, as "it" and this of course is not what was intended. lj
Hi Hershey fans, What with a busy day of MADing behind me, I thought I would f/u on a post from yesterday and correct a tiny error, e.g., I inadvertantly left out an IBGS after the FBO in the LM/LF combo leading up to the breakout. Apologies. As Obama says, "I'm not a perfect man". In a continuing effort to continue this thread, I promise not to add any more 'fun' stuff until/unless someone else addresses the thoughts expressed therein [cryptic, sagacious comments aside]. So to more practical things then. I share callmate's enthusiasm for reading JH's stuff on MACD and Stoch indicators and am looking for ways to extend this material. In particular, one of the criticisms levelled at the use of his indicators is that they can't be used if there is a 'significant' opening gap. Of course the way around this is to start looking at things in the 'preRTH' market and even better is to have two data feeds, one a "24 hr" feed and the other an "RTH" feed. This construct is artificial and simply means that for one the chart is always on, while for the other the chart starts with the opening bell. It's interesting to see how long it takes for the two to get in synch (= look the same). The length of time for this to happen varies from day to day and depends on both the size of the gap and the 'price action' [I love that phrase]. As callmate says these entities are 'helpers'. They do not supplant PV. Some, like Spyder, would say they are completely unnecessary if one really understands PV. I prefer to look on them as icing on the PV cake. The lagging criticism is highly dependent on what one is looking at when one looks at the indicators. I continue to be impressed with their utility in nailing FTT's. If you've read JH's stuff (this thread is all you need) and know how to draw a channel, just map out the little spiky things on the slow stoch [and stay away from those 'low volume' periods] to see what I mean. There's lots of other stuff as well. You can find out for yourselves what, if anything is useful, for you. Don't forget the YM/ES relationship holds well for the MACD/Stochs stuff. See you over on the JH methods thread. lj
I will be moving my rantings to a new thread. I would like to thank callmate for her tolerance. Ciao. lj
But that's just the point tummie. I do have the cake although it may not be the same as your cake. Unlike you though, I'm not suggesting that my cake is better than yours, just comparable. Now, when one adds the icing .... Just ask yourself this very simple question. Why is it that that confused, penniless trader has the 'ancillary items' on his trading desktop? Could it be that there is something to be derived from the presence of same? IMO, there is but if you don't wish to use these probes, then don't. But puleez don't tell me that because I do, I have less of an understanding of all aspects of PV than you do. Comprends? Apologies callmate but I felt a reply was appropriate. I will hasten to open my new thread. lj
In regards to #3 - Convergence or Divergence on the MACD when the Fast STOCH crosses 50? I assume so, but just want to confirm.