The above is the self-proclaimed B mascot. Because there is a great effort going, the mascot is ignorable... MAK!
FWIW... Here's the Daily... Slight Revision. The SHORT channel was eliminated leaving a Lateral or FTP. So it goes... I am monitoring for continuation of the current DAILY leg to eliminate one of the above. Kind Regards, MAK!
very interesting. It seems like you eliminated a faster paced short IT. I thought that we would actually have a revised short IT that was steeper in channel that would eventually hit the right side LT. What made you eliminate this possibility and make you lean towards lateral or FTP? The collision of the IT right side and LT right side with a bias toward the LT holding? Thanks.
Drill 2 Notes: 1. This was done using "Beginner Rockets" logic. 2. Times are still CST; the use of EST is noted, and I'll see what I can do about setting up the chart's time frame to match. (CST usage was retained to reference the times on the chart more easily.) 3. Only indicator values and price were used for entries and exits. I have a hunch that if I had used the channels to further evaluate exit/entry criteria, the results would have been better. Something to look into. 4. Correction to log entries for reversals noted. Questions: 1. In using the MACD study, I have values of average 1=5, average 2=13, and trigger line (average 3) = 6. I can use a SMA or an EMA to calculate the trigger line, and SMA, EMA, WMA, smoothed, or volume. Currently both are using SMA. What's the "best" choice, and why? 2. Same with the stochastics. Bars, %K, %D are 14,1,3 respectively and 5,2,3 respectively. The formula is set to simple from choice of simple, smoothed, or exponential. (I suspect these really aren't that important of questions, but I'm curious none-the-less.)
Jack, Thank you for the comments and annotations to the chart - they are much appreciated, and I'm repeatedly going through them. Unfortunately, time is at a premium for me, so I'm not always able to respond or do the work immediately. Mak, Yes, IF1 IF2 is a new concept for me - I've been trying to get a grasp on it through some of the docs and postings. Any insight you wish to offer is appreciated! I don't have questions formulated yet, as I've been focusing on the broader picture at this point. I'm very thankful to everyone who has constructively contributed to this thread! Anthony
Am curious about the channels this morning. We never actually had an ftt in the first channel so it seems to me that the true point three is the one we just put in. Comments?
OK, bars 14 & 15 were a WWT... I think. This was drawn mostly after the fact, except for the last 4 bars on the chart. Times are CST. Part of bar 12 is chopped due to scaling. Blue lines are my anticipations. Volume is speaking to me, but so far it's just babbeling. Anthony