Simple Profitable Method
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Charly ........ ZLC stands for "zero line cross".
You would benifit from studying MACD. Google it. Lots of good
explanations. e.g. www.stockcharts.com has a good explanation
with charts. Many others.
.. rj
You would benifit from studying MACD. Google it. Lots of good
explanations. e.g. www.stockcharts.com has a good explanation
with charts. Many others.
.. rj
charly .... This is good. From JimmyJam. Take special note. Even print it out.
JimmyJam
Registered: Oct 2005
Posts: 1903
11-01-06 10:21 AM
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Quote from gongish:
i noticed that when you expand the amount of time included in a chart it changes when the signal is triggered.
has anyone tried expanding their chart to include more time? from one day and an hr to two or three days? why does this happen, and which is really right?
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This happens because all moving average indicators are derivative of the frame in which they are analyzed (in this case time, ie, 2min, 5min, 10min, etc.).
If you increase/decrease the data set (which is what you are doing when you look at more days compared to less). You will get different signals across the board.
So in other words, a lot of the signals on the smaller time-frame are actually random noise (which is one of the major problems of intra-day trading on a lower time frame). The kicker from this system, and what T28 (in all of his incarnations) has brought to the table is the use of a qualifier, in the form of using the higher time-frame to determine trend, and to only take the random noise signals in that direction.
Regards,
JJ
... rj
JimmyJam
Registered: Oct 2005
Posts: 1903
11-01-06 10:21 AM
--------------------------------------------------------------------------------
Quote from gongish:
i noticed that when you expand the amount of time included in a chart it changes when the signal is triggered.
has anyone tried expanding their chart to include more time? from one day and an hr to two or three days? why does this happen, and which is really right?
--------------------------------------------------------------------------------
This happens because all moving average indicators are derivative of the frame in which they are analyzed (in this case time, ie, 2min, 5min, 10min, etc.).
If you increase/decrease the data set (which is what you are doing when you look at more days compared to less). You will get different signals across the board.
So in other words, a lot of the signals on the smaller time-frame are actually random noise (which is one of the major problems of intra-day trading on a lower time frame). The kicker from this system, and what T28 (in all of his incarnations) has brought to the table is the use of a qualifier, in the form of using the higher time-frame to determine trend, and to only take the random noise signals in that direction.
Regards,
JJ
... rj
Charly and all new traders,
This is a good post that Trader28 gladly started for us. We have been working on this "Simple Profitable Method" for a couple of months now.
A lot of traders new and old have made suggestions to the system. A lot of traders have watched the system and traded it, learning it inside and out.
If I could make a suggestion to you? I would suggest that you take the time and energy to read all the posts in this thread as their is a lot of good trading info in it. You just have to read the info, plot it on your computer and watch it.
Then thank Trader28 and Bearbelly and others for keeping this alive. Trust me you will learn a lot of info that you won't find in any trading book or article.
Good trading to you all...
snarlyjack
This is a good post that Trader28 gladly started for us. We have been working on this "Simple Profitable Method" for a couple of months now.
A lot of traders new and old have made suggestions to the system. A lot of traders have watched the system and traded it, learning it inside and out.
If I could make a suggestion to you? I would suggest that you take the time and energy to read all the posts in this thread as their is a lot of good trading info in it. You just have to read the info, plot it on your computer and watch it.
Then thank Trader28 and Bearbelly and others for keeping this alive. Trust me you will learn a lot of info that you won't find in any trading book or article.
Good trading to you all...
snarlyjack
This note is addressed to any and all who care to throw their two cents worth in.
I am using Sierra Charts. They give us only one choice for the MACD, it includes a historgram. The settings I have been using are: Fast 12, Slow 26, Trigger 9. All are expon. moving averages. Also, the historgram has a zero line. My chart looks very much like rukuz's chart he posted on 11-01-06 @ 03:28 pm.
After reading the link to Chartfilter.com that Trader 28 posted, I am very confused. Should I have another section of my chart that only shows two moving averages? If so, what would the settings be.
Thanks to all for sharing the information found on this forum.
Steve
I am using Sierra Charts. They give us only one choice for the MACD, it includes a historgram. The settings I have been using are: Fast 12, Slow 26, Trigger 9. All are expon. moving averages. Also, the historgram has a zero line. My chart looks very much like rukuz's chart he posted on 11-01-06 @ 03:28 pm.
After reading the link to Chartfilter.com that Trader 28 posted, I am very confused. Should I have another section of my chart that only shows two moving averages? If so, what would the settings be.
Thanks to all for sharing the information found on this forum.
Steve
Look it wont kill you to have it incorporated but just dont use it exclusively
Ahahaha now you know why I have a dark side... the PM's have driven me insane
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