Indicators or Internals?

[sogodo]

yeah, it's interesting.
i was wondering what was going on and is so wrong with this f*king trin for the last 3-6 months.

now i know

Quote from nkhoi:

trin is no longer working due to toomany invert ETFs according to shadowtrader, here is the video from the shadow on how to setup the internal screen
http://www.shadowtrader.net/videos/bonus_internals_08.html
the rest of his vids
http://www.shadowtrader.net/videoArchive.html

 

[athlonmank8]

Quote from Gil Young Jo:

One set-up that I like to initiate a position (when I spot it and depending on which timeframe the set-up occurs on) is when my [customized] stochastic is at oversold levels and the TRIN indicates an extremely over-bearish level such as 2.0 (generally anything above 1.5 in my book indicates too bearish).

Of course, as with anything trading-related, this is situational but at least it confirms my other technical indicators....i.e., MACD is in an uptrend, ROC is above 0, all my MAs are fanning bullishly, etc.......

I trade with a multi-timeframe approach so I only get into 66% pattern set-ups.

Good Trading!

lemme guess. TRIN and Stoch tend to be (and will be) realtively quick. You pair that with a lagging (lengthy) MACD/ROC, and MA's all indicating an uptrend, you scalp the sell-offs.

Am I close? Intuitive....that's for sure. But indicators are still too iffy.

 

[tradingbug]

Quote from jficquette:

If you have a meandering market with no news and neutral internals then tick readings of 0-100 or so at the high is a tick that indicates the market is not going go much higher at the moment so it can be faded. However, I only do it if I think its going back mid range. Not as scalp.

If same thing but market is on its lows with a tick reading around zero maybe a little negative then that is not the tick of a market about to blow through support.


John

I had to think through your post for a little while. I do notice the zero line acting as a swing point in some circumstances.

In the instance you were talking about, we would probably see a divergence from tick and price. Very useful stuff....especially to see if S or R will hold or not. Thanks.

 

[IronFist]

ifl