Daytrading! Part Deux

i have bought it and watching it as well for the last couple months --- other than his recommendations have you found anyway that is more consistent than another at interpreting it?

thanks for any input
 
Quote from chinapassage:

i have bought it and watching it as well for the last couple months --- other than his recommendations have you found anyway that is more consistent than another at interpreting it?

thanks for any input
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I use it on a 512 tick chart, with the countertrend set to "true" and it works pretty well. In a strong trend, however best not to take the first opposing signal (i.e. long signal in a strong downtrend). Best to wait for the second or even third opposing signal. But all in all, I'm satisfied.
 
thx appreciate the insights ---

i have noticed in strong trending markets the CT doesnt work to well --- but knowing when your hitting a strong trending & chop usually i can see after the fact i guess figuring that out before fact would be the key would help with this indicator---if you have anymore thoughts along these lines that would be great.
 
After a strong trend, I like to see a stochastic divergence or big candle in the opposite direction before entering on what appears to be a reversal. And then keep a tight trailing stop.
 
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