I would like to know from traders here what improvements or indicators would they add to MA and MACD filters I am using now in conjunction with "trading times ". Thanks
No,I do not try to project price levels anymore,I think it just complicates things . I just post times and wait for a setup around them. Walter
Walt(h)er, The 21ma cross and MACD divergence that you mentioned, was this on a 1m timeframe ? Thanks.
chaos clinic has been using 110ema and 20ema as signals for set up, http://moneytide.com/hans/cc05162003.asp
Yes, price crossed and CLOSED above 21MA 9:40est divergence of MACD was almost nonexistent because of an opening gap . It should be good for a couple of points. Feel free to experiment with your own settings or use some other indicator for divergences like CCI or RSI like it was suggested to me by members here. If someone pm me in last few days and did not received response, try to email me. It seems to me that my pm box is not working. Can someone send me a test pm, so I know if it was fixed ? Thanks, Walter
at 10:50est there was an intermediate top, Ma's were far away to be even thinking about crossing, 15 min later almost at the same price level we got cross and divergence. Look at this day carefully, struggle between bulls and bears is evident and it is usually a good idea to stay away. Since we have a trading times and tight stops we do not have to . So far 2 correct trading times today. Walter
Maybe this is something? Found a recent post on Ed Seykota's site about a system very similar to yours, where times are given by the system, those times being generated by a 21 MA and MACD, and Seykota answered the post. Here's the original post, followed by Seykota's reply, and then my question: And Ed Seykota's reply: Following up on that thought, have you considered the possibility of funneling your approach to signal individual positions? (P.S. The Seykota post is found at http://www.seykota.com/tribe/pages/2003_May/May_11-17/index.htm )
gms, I think that Seykota did not have enough time to look more closely at this . Or he is just not interested, being long term trader, so I have heard . What do you mean by " funneling " ? Walter
Today was an interesting day, where bulls and bears were and still are fighting over direction of couple of next days. 12:45est trading time was right on money, we got MA crossover and close below right there . That is how it is supposed to be ! Picture perfect setup! Macd divergences are not working too good today I am ready to replace it, maybe with CCI but not this week. Today we had 3 correct trading times. Walter