Qed or anyone else that can help, I was trying to setup the Fast and Slow stochastics, along with the MACD to the Hershey standards. For some reason I am getting different numbers than I did in Qcharts. Some not even close to what they are suppose to be. If someone would mail me the correct code at blakes@email.arizona.edu or past it in the journals, that would be really nice for all the TradeStation people. - Blake
Monkman, I do not know why the Tradestation numbers are somewhat different. For me they generally seemed to track what I saw on wealthlab but the indicators may look different in charts that are scaled differently. If you come up with anything please let me know. Of course your entry points on trendlines could be entirely different then someone elses because they could simply be using a wider or narrower spacing between bars. For this reason some think trendlines are worthless. I don't agree with this position but I remember reading it in one of my Market Wizards books.
Here is my SMSI update, this is a 5 min fractal. gooch87 <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1266872"></img>
Still holding SMSI and UCTT from previous day, should possibly have sold UCTT at opening high. Still learning!! NH
Nice day yesterday, there were lots of good signals to trade. I stayed on sidelines, too many meetings on my day job Hope the CPI number this morning doesn't tank the whole market.
I saw the NEU signal around 10:21. I noticed the wide (~0.30) spread. Does one factor in the spread? Opinions anyone? spooz
.30 spread sounds wide, but it's just under 0.5%, not too bad. Remember that not long ago, the minimum spread would have been .25! This spread is compare this to a $10 stock with a $0.05 spread. It's wider than some, but not uncommon for a stock trading about 200k shares/day. Edit: I didn't take the trade, FWIW.
Dear Spyder, First, more profound thanks. After hemming and hawing for a long while (couple of years) I've moved exclusively to trading the beginner methods and whoa and behold it's working. Second, a couple weeks ago I posted a question about volume, and after additional study (primarily listening to Jack on the videos) I picked up the idea that channels combined with the PV relationship is what makes the whole thing work. Which leads to the subject of my question. I've read the channel doc and even played around with drawing some lines. But, when it comes to drawing lines in real time I just get plain frustrated and doubtful. It seems every time I draw in a new channel is just the time that the channel "fails". In short, what I draw doesn't seem useful until far after the fact (too late to use to trade). Was this your early experience with channels or does it sound more like I'm just massively screwing it up somehow? I've been using the ES on the 5min to practive drawing in real time channels. TIA Bob