I think it really depends on your time frame. I only use the monthly stuff for longer term trades. I also use the weekly's for managing open monthly trades. That's just me.
Well, that's what I get for not updating my number line yesterday! Shan asked me earlier if I was looking at GS, I wasn't, but I should have been... 30 day number lines of note: XLF - 21 XLB - 17 XLY - 15
I re-set mine at the beginning of the month. I use to get annoyed when the number lines would get that big because it would take forever to get them back down. So I started today back at zero. Thanks for posting those.
Hi maverick74, Looks like gonna need those weekly and monthly A up/a down levels for CL. When you get a minute. Thx
Yeah, I was thinking that 20+ was a little ridiculous. I suppose it gives you a sense of what's "been" happening, but I see the value in knowing what "is" happening obviously too. I think I like your concept of starting at zero each month, and I'm planning to track both going forward.
So does this method work...? What's the verdict of you guys using it with live money...? It seems really complex and there are way easier ways to trade... I also don't think that there is any significance to the opening bar...
Do the algos have ACD numbers programmed in? It's uncanny how well they work to provide at least temporary support and resistance.
You can be sure Fisher has algos for these, but it doesn't matter. Use the lines for what they are intended to be, reference prices.
No, it doesn't work. Avoid it at all costs! Three words for you to look up...moving average crossovers. You'll thank me later!