A voice of reason! I just hate to hear ignorant things. I'm not sure why it is a struggle for some folks to be civil. It makes my blood curl more than a losing trade. Losing trades do not even affect me oddly enough... We will truck along since I now have these folks on ignore. The first go around of A/D will be to get the picture. For most, it is the ultimate in risk since they will say it is noisy... Somehow, we will need to flesh out the intricacies. But to begin with, we will need to examine the DOM and the other components of the COMPLETE DOM picture that isn't displayed... Kind Regards, MAK
It has been a nice week. Finally changed ISPs and haven't have any problems so far....I often feel like one of the muchers around here with nothing to offer. But if any of you checked out my last post it would have come in handy the last couple of days. Spot on lines in the sand many times. My small contribution that really has nothing to do with what is being developed on this thread. Just another tool. It's all I got to offer at this time though.
Successes are so important. It's what allows one to build upon it. Judging from the PM's I got, it seams as though most folks have a problem of knowing when to hold them and knowing when to fold them. The FOMC fortunately put an end to the inactivity and really got things rolling right through until today so the indicator folks were active which is also nice. For some folks, it harder to sit on their hands then to sit on their trade and just HOLD... Kind Regards, MAK
Recently this thread was moved to chit chat because of some recent posts that had caused the thread to deteriorate. I can understand the moderator's logic in moving this to the CC forum as weeding out flames on a thread this large is a daunting and time-consuming task. But personally speaking, I don't want to see a thread like this end up in CC forever, so I just spent the last hour pruning it back to the point where things can pick up where they left off. This is a popular and long-running thread, and I appreciate the participation of everyone who's contributed constructive comments here. Let's continue working together to make sure things stay on track.
Was gonna allow folks to get whatever it is off their chest until they disappeared. It usually takes a while and has been cyclic for as long as I can remember. Thanks Baron...
One of the problems with rockets as Im sure many of you have noticed is that waiting for a 5 minute bar to close can often get you in late. I have been experimenting with using the macd on a volume chart as a leading indicator for the macd on the 5 min chart and the results so far are promising. It is kind of a combination of prv and time. I dont want to be premature here but you might try your own experiments along this line.
I noticed the same thing. But if you don't wait for the bar to close you may enter prematurely. The way that seems to work best for me is to evaluate the setup on my trading time frame intra bar, then refine my entry on the closing bars of a lower time frame. You may be interested in Jack's comments he made yesterday on my BA charts.
Nice Easyrider....I read in one thread where Jack mentioned using the MACD of RSI as an indicator. Personally I've been watching a juiced up version of Stochastic of RSI since then. It also looks promising and is pretty lethal when the 5M and 1M match up....
My present technique is just to use the macd as a flag. When it is approaching .4/-.4 at an angle I start looking for a pattern which will usually be a breakout of the hi/lo of the day with sufficient prv and this works well enough in those situations but there are many decent rockets that occur inside the daily range and it is my attempt to capture more of these that is the motive for these experiments. Rajin if I can find a way to do this with QT I will certainly take a look. thx.