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Jack Hershey â MACD and Stochastics helpers for 123 and FTT's
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Quote from ljyoung:
PointOne,
As I said in Futures III, for me, the general purpose of a question in forums such as these is to attempt to stimulate discussion. That's all. The extent to which we can feel truly comfortable with what we think we know is, IMO, measured in how we deal with questions concerning our comfortable state. I sincerely thank you for your honest answer concerning the harmonics. It is one of the more intricate areas of JHT and that is why it is interesting to me. If and when I think I've figured it out I'll let you know (but I ain't there yet).
lj
The two sets of harmonics slides I put on the forum last year were also designed to stimulate discussion. I thought it was a rather good effort on my part. Unfortunately it may have given the impression that I understood all about harmonics when in fact I was merely presenting what had already been said, to clarify things. We didn't get much further along than that.
One thing that bugs me is the small problem of superposing cycles of different dimension (P, V, A/D).
If the answer of whether odd or even harmonic is at play is in the stochastic(5,2,3), then I suspect you have to count the frequency of crosses (fast crossing slow line) as well as the 50 crossover. Marry this to the gaussian and you may have something. But what does it tell you that you don't already know?
BTW, as Nikkei is closed I am doing the indicators exercise on the SPI. May post chart later for comments.
Quote from PointOne:
The two sets of harmonics slides I put on the forum last year were also designed to stimulate discussion. I thought it was a rather good effort on my part. Unfortunately it may have given the impression that I understood all about harmonics when in fact I was merely presenting what had already been said, to clarify things. We didn't get much further along than that.
One thing that bugs me is the small problem of superposing cycles of different dimension (P, V, A/D).
If the answer of whether odd or even harmonic is at play is in the stochastic(5,2,3), then I suspect you have to count the frequency of crosses (fast crossing slow line) as well as the 50 crossover. Marry this to the gaussian and you may have something. But what does it tell you that you don't already know?
BTW, as Nikkei is closed I am doing the indicators exercise on the SPI. May post chart later for comments.
Oh darn, I don't have that data. Otherwise, we could both do the exercise now and compare. Looking forward to your post.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1786985>
Quote from Padawan:
And here's Monday's chart. A lot of those reversals I'm not sure about. I put black boxes around them because there were a lot. Looking for clues.
Attachments
If I read your chart correctly, you're asking about the 11:10 (CST) bar that is an exit on my chart. The 12:25 bar, on my chart's resolution, didn't look like it crossed bellow 50%, but if it crossed on your chart you should reverse twice, one bar distance.
Quote from Padawan:
Thanks for pointing out the error on my chart. Have a couple of questions for you in case my chart is off in those places, too.
Attached is my annotated chart for the SPI session today. Note the low volume - this is normal, but over lunch it got into very dry up so best to sideline and await the 5,2,3 signal (my L8 trade). Times are Singapore add 3hrs for Sydney.
I waited until bar close for reversals except for R3 - clearly a mistake, "corrected" with R4. I took exits as soon as it dipped out of 20/80. Several times I got the 50 xo signal intrabar before the slow stoch had left the 20/80 - has anyone else noticed these "out of phase" signals?
Only R2, L8 and R10 made money, the other actions resulted in losses (even if the trades were in profit before an actionable signal came). Anyway despite this disappointing outcome, I've posted the chart in case there are questions (and if I have misunderstood the rules I hope someone will point it out).
One whipsaw quickly wipes out gains from the best trends - so how to filter them out? [Volume, formations, MACD....]
I'll see how it works with the DAX later.
I waited until bar close for reversals except for R3 - clearly a mistake, "corrected" with R4. I took exits as soon as it dipped out of 20/80. Several times I got the 50 xo signal intrabar before the slow stoch had left the 20/80 - has anyone else noticed these "out of phase" signals?
Only R2, L8 and R10 made money, the other actions resulted in losses (even if the trades were in profit before an actionable signal came). Anyway despite this disappointing outcome, I've posted the chart in case there are questions (and if I have misunderstood the rules I hope someone will point it out).
One whipsaw quickly wipes out gains from the best trends - so how to filter them out? [Volume, formations, MACD....]
I'll see how it works with the DAX later.
Attachments
Quote from PointOne:
One whipsaw quickly wipes out gains from the best trends - so how to filter them out? [Volume, formations, MACD....]
I'll see how it works with the DAX later.
Lots of good info in your post. No worries about the losses right now. This is a process of doing drills that build upon one another. As you suggested, other tools and more work will help with the problem areas. Nice going. It's getting late here so I'll look closer at your chart tomorrow.
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