SPM discussions
- Thread starter Jahajee
- Start date
I don't actually wait for the zero line cross. Refer back to this post to see why not.
A tool used to measure price momentum is what's need to complete this puppy. That's what Jahajee is showing in his posts. If that's what you are using stochastics for fine. If not, that's what you need to make it right.
That's exactly what I'm doing (see chart ... some of it is proprietary, but most of it is "Classic SPM").
Considering the henious games they're playing with a system that prints money better than the FED while catering to unintelligible clap-trap, that isn't a bad idea, and one that has crossed my mind on more than one occasion.
Good Trading
<img src=http://elitetrader.com/vb/attachment.php?s=&postid=2141999 width=800>
P.S. Thanks Jahajee for your contributions, I normally am not this forthcoming with how I roll, but all of these good turns definitely deserve the same in kind.
Awesome post! Thanks, I added that post of yours to my ongoing rules collection. I see that there was a weak sell (with that MACD cross of zero definition mentioned in the previous post you linked), along with stochastic coming off of over bought and a general resistance area mentioned by Jahajee a while ago.
Ok so now MACD 9 trigger line is below zero. This means any MACD cross downs are a strong sell, and any cross ups are a weak buy. The cross down of 9 trigger line was not a short signal, but more an indication that now the predominant trend on this 2min time frame is to the downside. I perhaps don't want to be shorting if Stochastics are below 20, and I could use the stochastics that have gone below 20 then turning up, as confirmation on a weak buy in the MACD in a little while. If this possible coming weak buy coincides with a support area so much the better.
Yeah I see that lol. Considering this is day 2 of me following this method it is pretty cool. I just want to make sure I have some of the ideas straight, considering how not having them made me miss that sell off at the resistance. Just bear with me and let me study this day 2 here. I am one of those people that needs to keep it simple.
Also, I can make a room for this in IRC but I need 3 supporters. If anyone of you want to make the room, please do so, I will be your supporter. Otherwise if interested email me with your email address.
I don't think doing a room is that needed tho, this seems plenty here.
Also, I can make a room for this in IRC but I need 3 supporters. If anyone of you want to make the room, please do so, I will be your supporter. Otherwise if interested email me with your email address.
I don't think doing a room is that needed tho, this seems plenty here.
I will keep watching. Recently I have been doing much more systematic trading and been the better for it. I like the clear cut nature of this, but I know the art aspect will come with experience.
I did scalp this little pop up just now. I exited when I found myself wondering "wow how high could this nice trade go".
I did scalp this little pop up just now. I exited when I found myself wondering "wow how high could this nice trade go".
Geez I must be ignorant.
I was confused by this
"You are saying to BUY when MACD crosses above SIGNAL (blue crosses above red) and with this crossing must take place ABOVE the ZERO line?
You are saying to SELL when MACD crosses below SIGNAL (blue crosses below red) and with this crossing must take place BELOW the ZERO line?
Is that how it is?
If not.... let us know.
"
from Jahajee
And mandlebotset was saying something from
"What the histogram shows in graphic form is the difference between the main MACD line (the 12-26 line) and the nine-period trigger line. This difference is then plotted on a scale to form a histogram, defined as a series of vertical lines. The higher the lines "grow" above the histogram's zero line, the stronger the price momentum and the more bullish the trend. The further the lines decline below the zero line, the stronger the negative the trend and the more downside pressure there is. When the MACD indicator itself issues a buy or sell signal, then the histogram is always at its own zero line."
quote source Street Authority - MACD Histogram
But in fact God traded the signal line cross of the zero line (which was a nice long). I understand there are different approaches, but I wanted to confirm that God himself took the actual signal line crossing zero signal just now at in fact 14.33.
Yes I complicate things.....but praise be to god (and Mandle and Jah too!).
I was confused by this
"You are saying to BUY when MACD crosses above SIGNAL (blue crosses above red) and with this crossing must take place ABOVE the ZERO line?
You are saying to SELL when MACD crosses below SIGNAL (blue crosses below red) and with this crossing must take place BELOW the ZERO line?
Is that how it is?
If not.... let us know.
"
from Jahajee
And mandlebotset was saying something from
"What the histogram shows in graphic form is the difference between the main MACD line (the 12-26 line) and the nine-period trigger line. This difference is then plotted on a scale to form a histogram, defined as a series of vertical lines. The higher the lines "grow" above the histogram's zero line, the stronger the price momentum and the more bullish the trend. The further the lines decline below the zero line, the stronger the negative the trend and the more downside pressure there is. When the MACD indicator itself issues a buy or sell signal, then the histogram is always at its own zero line."
quote source Street Authority - MACD Histogram
But in fact God traded the signal line cross of the zero line (which was a nice long). I understand there are different approaches, but I wanted to confirm that God himself took the actual signal line crossing zero signal just now at in fact 14.33.
Yes I complicate things.....but praise be to god (and Mandle and Jah too!).