obv,seems good!

[weld1]

anyone of u stock traders have an opinion on this indicator,seems like it should help. itried it,but could'nt make it smooth out. different settings did not help.stock traded 4 mil. shares, could vol. be too light?HELP!!!!

 

[NihabaAshi]

weld1,

Via reading some of your past posts...you seem to be either new to trading or jumping from one trading method (tool) to the next one.

This is not good for trading to be doing this in the beginning.

In fact...things tend to become confusing and stressful.

I highly recommend you slow down...

concentrate on trying to master one trading tool...

learning its strength and weakness...

do this for several months.

Then go to the next topic.

Have you found any traders to meet via exploring those Florida hook up threads?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=19073

I mean...have you private message anybody to get started...to meet and to help you one-on-one?

NihabaAshi

 

[jjordan]

Hi,

OBV can be helpful....I'm very fond of RSI and moving averages.

I'm watching to see if MSFT can't break the 40ma here on the 60 min.

If it does watch the OBV. It will probably go sideways into options expiration?

http://share.esignal.com/groupcontents.jsp?folder=&picture=0709msft1.png&groupid=14

~j

 

[maxpi]

I used to do a lot of system testing and I put OBV into every system for a while and threw it out every time.

Max

 

[jjordan]

Hi Max,

Yes, I like RSI and 40ma that's about all I need.

http://share.esignal.com/groupcontents.jsp?folder=&picture=0709msft.gif&groupid=14

I'm expecting a very volatile day tomorrow...sell all peaks
buy all valleys kinda day?

~j

 

[stock777]

something like obv is too simplistic. No simple indicator like that is going to give a true reading of supply / demand. If only it were that easy.

 

[jjordan]

Early warning Price cross 9ma....trends develop when Price crosses 40ma.

Works for me, just don't wonder to far from the 40ma.

http://share.esignal.com/groupcontents.jsp?folder=&picture=0709spx.png&groupid=14

I would suggest the aroon indicator also, here's an example:

http://share.esignal.com/groupcontents.jsp?folder=&picture=0710pten.png&groupid=14

Do we have a reversal coming?

~j

 

[jjordan]

I'm watching PG closely here. Does it have another hill in it?
I suppose that depends how much more bullish this rally is?

http://share.esignal.com/groupcontents.jsp?folder=&picture=0715pg.png&groupid=225

~j

 

[jjordan]

That was quite a move Friday. Rational or not the market does what it does...you only have one tool to guide your trades...the charts. I don't understand the market most of the time but I understand the charts.


http://share.esignal.com/groupcontents.jsp?folder=Moving Averages&picture=0720spx2m.png&groupid=225

 

[jjordan]

Sentiment and greed...nothing else matters!<g>

AMZN, beyond reason?

The commands of the lord are radiant,
giving light to the eyes.

~j