Measuring Trend

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Quote from N54_Fan:

JUST as I expected,...a BS pompous ass response. You are clearly only interested in making yourself feel good about yourself.

Anxiously awaiting referred to waiting for some realtime explaination of your special numbers helping you profit. But sadly, even with all your computations you FAIL. I would expect that someone who relies on computers as much as you do would clearly be able to pull up trade data from a recent trade. You are just too insecure to explain it and so choose to hide behind pompous remarks than to show how usefull they are in trading.

Just because an indicator is around since the 70's speaks to it standing up to years of use.

BTW if you are trading 100's of instruments at once in an account then you clearly have no concept of trading and postion sizing to realize how best to maximize your trading for profit. That would mean you trade only 1% or less of your capital in a trade and depending on your stop loss would mean miniscule risk in a trade and likely just as miniscule profits. Anyone with decent money management and position sizing skills could take random entry and make it as profitable as your "SPECIAL K" system.

So,...still waiting on trade data of JUST ONE trade where your numbers helped you make a profit. But that would mean you actually have to have a profit wih your system to post this data. I am certain you have no system that is better than random chance.

Lastly, you do NOT need to ID a trend at the very beginning to make money off of it if you know how to trade. It is best to do so but NOT needed. You only need to catch a good chunk of the trend to make a substantial profit. You also do NOT need to catch the "best" trend to make money and outperform the market as I described above. One can outperform the market trading only a single market index ETF for 1 year straight. All that is needed is catching the meat of each trend that occurs over the year and there are many trends Up & DOWN that occur in any instrument over the course of a year.

Until you post some data you really should ease up on the "I'm better than you are..." attitude. Till then its just the same useless drivle that is spewed from you everytime you post.

Good luck...
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For somebody who keeps demanding trades, we've yet to see one of yours. Show us what a great indicator RSI is. :D
 
Quote from kut2k2:

Seldom have I seen a poster as clueless as you on any website. It should be clear even to a child that the black dots correspond to the left axis (pips) and the red dots correspond to the right axis aka momentum as already stated. When the red dots are above zero, that is a long signal; when they are below zero, that is a sell or short signal.

Sorry, I can't dumb it down any more than that. :(
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I know it was momentum indicator but which one (you never said)? You also do not describe its use. Anyone can post charts but they mean nothing without interpretation.

So at least we have established a BUY signal at 3-21-11. Here is how I would have viewed that trade... See the chart below showing the same BUY signals on the daily using MACD and RSI and EMA crosses and trend line breaks. No complicated calculations just looking at 1970's signals that still work today!!

I have also included a detailed view of the SHORT SPY trade I took on 7-27-11. The trades in my trend trading system are based off the 60 min chart but no trades are taken unless they coincide with the same BUY or SELL signals on the Daily as well as the Weekly charts. So ALL 3 time frames MUST give the same signal on MACD, Histogram, Stoch, and EMA Crosses. Simple... Nothing fancy!! No pocket calculator required!! Any stock can be evaluated in 1 min or less this way. The short was SPY @ $130.34 with stop at $132.34. Position was covered on 8-11-11 at 115. $2 risk and $15.34 reward. Simple.

As for your pompous attitude kut2K2, I dont mind your imbecile remarks as I have dealt with A**holes like you before. I am confident that I know what I am doing and dont need to make things complicated. You seem to do this and insult others to feel beter about your pathetic life.

I at least have proven what I am saying both with YOUR TRADE on the AUD:USD and on my recent short of SPY. So there you have it...detailed data walking you through a trade. Maybe that will provide some education to you and others that feel these 1970's indicators are worthless. I'm sure you will say that they are still worthless....but in your hands they probably would be.

Only one chart can be posted so the others are on next 3 posts.

Your turn to walk us through a trade....
 

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Quote from N54_Fan:

I know it was momentum indicator but which one (you never said)? You also do not describe its use. Anyone can post charts but they mean nothing without interpretation.
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I did describe its use: above zero for buy, below zero for sell. As to which one, it's proprietary. If it was one of the canned programs you're so fond of, I would just say so.
Quote from N54_Fan:

So at least we have established a BUY signal at 3-21-11. Here is how I would have viewed that trade... See the chart below showing the same BUY signals on the daily using MACD and RSI and EMA crosses and trend line breaks. No complicated calculations just looking at 1970's signals that still work today!!
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If you can call that convoluted mess "working". I don't. Why need four or five indicators where one should do? If your antiquated indicators are so great, why do they need to confirm each other all the time?

First of all, you're comparing apples to oranges. The prices on your chart don't correspond to the actual AUD/USD ratios at that time. But let's move on all the same.

Let's look at RSI. You make much of it going above 50 as some sort of signal. And completely ignore the fact that it broke 50 previously but that time it didn't mean anything. Oops! How exactly does one decide when a break is meaningful and when one is not? Apparently your indicators are a lot more "magical" than mine, telepathically communicating to you when they are serious and when they're just foolin' around. :D
Quote from N54_Fan:

As for your pompous attitude kut2K2, I dont mind your imbecile remarks as I have dealt with A**holes like you before.
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Every time you pass a mirror, no doubt.
Quote from N54_Fan:

I at least have proven what I am saying with YOUR TRADE on the AUD:USD
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All you've proven is that you needed four or five mediocre indicators to do what one great one can do all by itself. Thanks for proving my point.

My basic indicator rule is simple: if your indicator needs confirmation, then you need a better indicator. That's what this thread was getting at: better ways of measuring trend that go beyond the kludge crap of the past. Sorry this went right over your head.
 
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