Hello,
I was reviewing pr0crast's compilation (thank you!) and came across the following:
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Quote from ivob:
Can conclusions be drawn from str/sq values over several bars or should we just look at the "now"? So is there something like a trend in str/sq?
Quote from Spydertrader:
I look at str / squ only in the now.
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Although str/sq should be looked at in the now I am increasingly noticing that str/sq not giving any signal becomes a signal on itself if other indicators point in the same direction. (or I should say: Do not point in the other direction)
I especially looked for this after Jack mentioned it in one of his postings (which Spyder was referring to recently) that "smart money not leading" was an important signal of upcoming change.
For example we are in an up channel. We have been going up for a while but during the last few strong moves there was no stretch whatsoever. Not at all I mean. In my opinion (based on recent observations) this is a moment when we can start looking for change (FTT) or maybe even we just had one..
str/sq gives so many signals. It is an important thing when it does not give signals on moments when you expected it. I have seen various examples of breakouts where str/sq was not giving any signal at all. These breakouts failed.
I will record some of this just to show.
pls feel free to add any comments.
Regards,
ivo
I was reviewing pr0crast's compilation (thank you!) and came across the following:
-----
Quote from ivob:
Can conclusions be drawn from str/sq values over several bars or should we just look at the "now"? So is there something like a trend in str/sq?
Quote from Spydertrader:
I look at str / squ only in the now.
-----
Although str/sq should be looked at in the now I am increasingly noticing that str/sq not giving any signal becomes a signal on itself if other indicators point in the same direction. (or I should say: Do not point in the other direction)
I especially looked for this after Jack mentioned it in one of his postings (which Spyder was referring to recently) that "smart money not leading" was an important signal of upcoming change.
For example we are in an up channel. We have been going up for a while but during the last few strong moves there was no stretch whatsoever. Not at all I mean. In my opinion (based on recent observations) this is a moment when we can start looking for change (FTT) or maybe even we just had one..
str/sq gives so many signals. It is an important thing when it does not give signals on moments when you expected it. I have seen various examples of breakouts where str/sq was not giving any signal at all. These breakouts failed.
I will record some of this just to show.
pls feel free to add any comments.
Regards,
ivo
