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2 Day ROC
- Thread starter skyfisherman
- Start date
your chart links show a MACD (12,26,9), no ROC on the things, just for your info
if you want to discuss other ROC parameters, please feel free to start another thread, this is the "2 day ROC" thread
i don't know what you're looking to see out of this . . . new Mo highs are new Mo highs, and higher prices followed
this is just a short-term indicator, used to try and determine 2 or 3 day market swings, if you're trying to get a longer term outlook, this is the wrong tool
in terms of lower lows on the ROC, looking in the wrong direction. are they new lows, meaning lower than anything on the chart? if they're not, it doesn't mean anything . . . this is a noisy line
coming into today, we had 2 days down on the ROC in a market with a strong upward trend, numerous ways to quantify that. based on earlier ideas mentioned here, that suggests an up day, a "buy day". i know of nothing that says the previous highs can't be taken out
we needed a close above the pivot # of 10533 to turn the ROC up, what happened ?
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=630305>
if you want to discuss other ROC parameters, please feel free to start another thread, this is the "2 day ROC" thread
i don't know what you're looking to see out of this . . . new Mo highs are new Mo highs, and higher prices followed
this is just a short-term indicator, used to try and determine 2 or 3 day market swings, if you're trying to get a longer term outlook, this is the wrong tool
in terms of lower lows on the ROC, looking in the wrong direction. are they new lows, meaning lower than anything on the chart? if they're not, it doesn't mean anything . . . this is a noisy line
coming into today, we had 2 days down on the ROC in a market with a strong upward trend, numerous ways to quantify that. based on earlier ideas mentioned here, that suggests an up day, a "buy day". i know of nothing that says the previous highs can't be taken out
we needed a close above the pivot # of 10533 to turn the ROC up, what happened ?
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=630305>
Attachments
this is a question for the moderator or some other "knowledgeable person"
how did we all of a sudden get the "wide body" look in here ? seen this before from time to time on other threads, and it detracts a bit from reading if one has to scroll from side to side
how does this happen ?
and how is it prevented ?
(referring to the previous page)
many thanks . . .
how did we all of a sudden get the "wide body" look in here ? seen this before from time to time on other threads, and it detracts a bit from reading if one has to scroll from side to side
how does this happen ?
and how is it prevented ?
(referring to the previous page)
many thanks . . .
i don't know what you're looking to see out of this . . . new Mo highs are new Mo highs, and higher prices followed
Are you talking about Month Highs, just want to know for sure, as if I use the same method on an intraday 5 min charts, what would be the equivalent of Mo highs and lows? Or am I going off topic again?
in terms of lower lows on the ROC, looking in the wrong direction. are they new lows, meaning lower than anything on the chart? if they're not, it doesn't mean anything . . . this is a noisy line
What's the period of the chart? 3 months?
For your info, you need to copy and paste the links to get the right charts, as indicated in the message.
Are you talking about Month Highs, just want to know for sure, as if I use the same method on an intraday 5 min charts, what would be the equivalent of Mo highs and lows? Or am I going off topic again?
in terms of lower lows on the ROC, looking in the wrong direction. are they new lows, meaning lower than anything on the chart? if they're not, it doesn't mean anything . . . this is a noisy line
What's the period of the chart? 3 months?
For your info, you need to copy and paste the links to get the right charts, as indicated in the message.
well, i don't think its the charts giving the "wide body" look, same size charts have been posted since day one (and never had the problem until the last page), and the text is much wider than the charts . . .
regarding your chart links . . . i believe you, but both links are the same. skimmed right by the "cut & paste" part, already had the charts, just thinking of others. some of us folks might not have the skills you're assuming . . . why not just post the chart ?
yes, the period of the charts i've been posting is about 3 months. so to really imply higher prices (i.e. - if the ROC makes new highs, new price highs are yet to come), we'd like to see new highs on about that window of time
yes, 5 min charts on the "2 day ROC" thread is off topic. you can play around with this stuff on intra-day frames all you want, but i wouldn't recommend it. we're talking about catching a couple of bars here, is that how you trade off the 5 min charts ?
again, what we're trying to do here, is determine if it would be better to be a buyer or a seller the next day, to give us a bias. and to know what the odds for follow-thru are if it closes strongly in our favor. that's it . . .
regarding your chart links . . . i believe you, but both links are the same. skimmed right by the "cut & paste" part, already had the charts, just thinking of others. some of us folks might not have the skills you're assuming . . . why not just post the chart ?
yes, the period of the charts i've been posting is about 3 months. so to really imply higher prices (i.e. - if the ROC makes new highs, new price highs are yet to come), we'd like to see new highs on about that window of time
yes, 5 min charts on the "2 day ROC" thread is off topic. you can play around with this stuff on intra-day frames all you want, but i wouldn't recommend it. we're talking about catching a couple of bars here, is that how you trade off the 5 min charts ?
again, what we're trying to do here, is determine if it would be better to be a buyer or a seller the next day, to give us a bias. and to know what the odds for follow-thru are if it closes strongly in our favor. that's it . . .
we're talking about catching a couple of bars here, is that how you trade off the 5 min charts ?
Yes, I tried this ROC (2) method on 5 min chart for two days, scalped Eurostoxx, Euro, Swiss Franc, Yen, DAX, CAC, Euro Bunds, FTSE, and EN so far... it works fine in terms of calling the next 1 or 2 bars.
again, what we're trying to do here, is determine if it would be better to be a buyer or a seller the next day, to give us a bias. and to know what the odds for follow-thru are if it closes strongly in our favor. that's it . . .
With my limited ROC knowledge, from what I've observed to far, I think tomorrow will be a buy, then it should become a sell the day after tomorrow, and that sell should take us down for a swing short for a couple days at least. If the sell day didn't work out (low probability, due to the divergence), we will probably have a trendline break on the ROC, and the market will go higher. What's your take?
Yes, I tried this ROC (2) method on 5 min chart for two days, scalped Eurostoxx, Euro, Swiss Franc, Yen, DAX, CAC, Euro Bunds, FTSE, and EN so far... it works fine in terms of calling the next 1 or 2 bars.
again, what we're trying to do here, is determine if it would be better to be a buyer or a seller the next day, to give us a bias. and to know what the odds for follow-thru are if it closes strongly in our favor. that's it . . .
With my limited ROC knowledge, from what I've observed to far, I think tomorrow will be a buy, then it should become a sell the day after tomorrow, and that sell should take us down for a swing short for a couple days at least. If the sell day didn't work out (low probability, due to the divergence), we will probably have a trendline break on the ROC, and the market will go higher. What's your take?
Have you tried using this method on weekly charts? i.e. 2-week ROC? I'd be interested to know if similar results could be obtained on that time frame... I may do some testing on my own if I have time and if I come up with anything, I'll let you know.