The only real difference from the initial post was finding the appropriate MA's to replicate Kwikpops autostop and tightstop indicators (9 period simple MA with 2+ offset and the 3 period simple MA 2+ offset) 3SMA+2 is used for re-entry in a good trend
See these 2 pages regarding the above quote: http://www.elitetrader.com/vb/showt...ht=wow you nailed tskptightstop&pagenumber=69 http://www.elitetrader.com/vb/showt...ht=wow you nailed tskptightstop&pagenumber=70
thx a bunch, Mkultra...I've been wading thru the pages looking for the reference. Not a kwikpop user and never looked into it, but I like to at least know the origins of a "system" when there is one. That said, tweaking is fine by me, just as long as I know what was tweaked so I'm on the same page as trader28. I'm assuming that as the MACD is standard off-the-shelf, it is exponential based on close. Are both the 25sma and 3sma based on close also? That said, I recall reading somewhere on the thread that one of the MAs was based on H+L/2???? Finally, are *both* the 25sma and 3sma offset or only the 3sma?
JACK, Here is what I think we should do!!! I think we should concentrate on how to draw "channels" and get this show on the road... For example, I read your "Channels For Building Wealth V2.2" and thought it was very good and very educational. What about icebergs and rockets and making the turns??? Jack... please continue to teach us the secrets of trading!!! Thanks. snarlyjack
The 25SMA is not offset but I do prefer the 9SMA+2 over the 25SMA for early entry and the 3SMA+2 is great for re-entry All based on close
So just start another thread. Then you ask jack & spyder all the noobish questions you want to your heart's desire. JJ P.S. Believe it or not, simplier is better.
You guy's are right!!! Jack's method of trading is different than Trader28's. At first I though we could just add the Stochastic indicator to the Macd indicator, tweak the setting's a little bit and we would be off to the races. Silly me!!! I can see that Jack's method is going to be substantially different. With that in mind. I also believe that we should start a different post with Jack's method's. I don't want to mess up what T28 has cheerfully shared with us. And, I don't want to mess up any new traders with a different more complicated system. Thanks snarlyjack
Well good luck snarly! While you're looking at one of the most complicated methods for scalping that I've ever seen, be sure to keep a chart on your screen the simple method, with the two time frames as initially described by T28. When it clicks, it's gonna be like a light-bulb going off. JJ