Jump to content

Indices


Recommended Posts

  • Replies 5.3k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

I use only 2 MAs as a filter (used the same settings long time) Had some time over and did a backtest buy sell on cross I used a trailing stop and optimized the trailing stop only and for th

JESS ........TWO BARKS FOR BUY     ONE BARK FOR SELL   ???

Apple warns may miss quarterly guidance estimates due to virus impact starts a new pullback in the indices.

Posted Images

I missed another couple 'filters'.

- Check at least the next highest time frame (H1 -> H4) to see if there's a noticeably different candle formation.  Sometimes the situation appears very different, for example looking at H4 there was no reason to consider going short today

162182412_WallStreet_20200214_21_50.thumb.png.d8c50c4bb160cc1d6390529549a7224f.png

- Have a prejudice against trading against the trend (so, not swing trading - no point in trying to do that if I can't even trade in the direction of a trend properly)

- Even if the EMAs are in alignment and curving a certain way, look at previous highs and lows as it might just be a correction (in particular, look back at previous cross overs and see if there was a precipitous price movement).  Higher highers, lower lowers and all that.

etc etc.

Haha, it would be easier just to buy an option and check on it once a week.  Or buy and hold.  Too much work 😫

Edited by dmedin
Link to post
14 minutes ago, Caseynotes said:

hmmm, so not dead then.

Sky News Breaking  @SkyNewsBreak

22m

Virus Outbreak: NHS England has said all but one of the nine patients in the UK who tested positive for the coronavirus have been discharged from the hospital

 

 

Maybe the virus and the movement towards green energy and socialist uprisings all over the world are leading to a new world order and the stock market won't recover this time?

 

Link to post
5 minutes ago, dmedin said:

 

 

Maybe the virus and the movement towards green energy and socialist uprisings all over the world are leading to a new world order and the stock market won't recover this time?

 

I wouldn't worry, the virus downturn will be over soon, green energy has a long way to go before it can survive without govt subsidy and most socialists will be conservatives by the time they're 40 anyway.

Edited by Caseynotes
Link to post
2 hours ago, Caseynotes said:

I wouldn't worry, the virus downturn will be over soon

I've just seen some videos on Twitter.  Stuff the mainstream media doesn't show us about China.  We need to stop relying on that country to make our goods.  Even if it means higher prices (higher prices = better treatment of HUMAN BEINGS who make the stuff) and less consumption (LESS CONSUMPTION = better quality and less WASTE).  The world needs to change, desperately!

Link to post

Think I'll stick to 20 50 200 SMA on all time frames.  (Except weekly where 10 and 40 equate to the 50 and 200 daily SMA)

Looks better on the hourly chart.

1841243777_WallStreet_20200215_20_00.thumb.png.8fc8bb66650d24b2e2d827da3b8c4dae.png

 

Stochastics, momentum, Williams %R, Directional Movement, MACD and CCI don't really help me.

Link to post
13 hours ago, dmedin said:

Stochastics, momentum, Williams %R, Directional Movement, MACD and CCI don't really help me.

So this, matched with your Fib posting it's not really clear what you are asking these indicators to do.
Does Fib work in isolation? no, but the same can be said of them all really. No indicator based on historical price data can predict the future, that's not what you should be using them for.


Think rather waves within waves and lining up the wave pattern of price with the wave of an oscillator. So on the chart have say perhaps an MA that captures the slow wave movement of the market, a medium oscillator like MACD and for trigger look to candle patterns with a fast wave like Stoch.


So you have a package of indicators and you are waiting for confluence.
I pick these at random to make a point but the the principle is good. Find your own best indicators that link together and fit your market and time frame and together tell the story of price. If there is not a clear picture look else where, don't try to force a fit.

image.thumb.png.451de0261a876e653b259344a42b0860.png
 

  • Thought provoking 1
Link to post
14 hours ago, dmedin said:

Think I'll stick to 20 50 200 SMA on all time frames.  (Except weekly where 10 and 40 equate to the 50 and 200 daily SMA)

Looks better on the hourly chart.

1841243777_WallStreet_20200215_20_00.thumb.png.8fc8bb66650d24b2e2d827da3b8c4dae.png

 

Stochastics, momentum, Williams %R, Directional Movement, MACD and CCI don't really help me.

I use only 2 MAs as a filter (used the same settings long time)

Had some time over and did a backtest buy sell on cross

I used a trailing stop and optimized the trailing stop only and for the whole year 2019

and did a backtest (out of sample) with best setting this year from year end until now

I know it will probably fail in the future but everything works sometimes the hard thing is to know when

And its DAX tick chart 

When will we have tick charts in proorder?

DAX backtest.png

  • Like 2
  • Thought provoking 1
Link to post
5 hours ago, Caseynotes said:

So this, matched with your Fib posting it's not really clear what you are asking these indicators to do.
Does Fib work in isolation? no, but the same can be said of them all really. No indicator based on historical price data can predict the future, that's not what you should be using them for.


Think rather waves within waves and lining up the wave pattern of price with the wave of an oscillator. So on the chart have say perhaps an MA that captures the slow wave movement of the market, a medium oscillator like MACD and for trigger look to candle patterns with a fast wave like Stoch.


So you have a package of indicators and you are waiting for confluence.
I pick these at random to make a point but the the principle is good. Find your own best indicators that link together and fit your market and time frame and together tell the story of price. If there is not a clear picture look else where, don't try to force a fit.

image.thumb.png.451de0261a876e653b259344a42b0860.png
 

 

 

The MACD and Stoch just confuse me ... what exactly are they giving you that a simple combination of MAs doen't?

Link to post

The US indices and Dax remain at the highs.

COVID-19 peak already in February?

JPM: "Our insurance team is now considering shifting the timeline forward and assuming the number of confirmed cases will peak at around 90k in late February, yet the risk of prolonged epidemics in the next few months should not be ignored"

Chart: Daily reported infected rate.

image.thumb.png.9e435d1101b932022e0ab5032a904c3a.png

image.thumb.png.51af41baec8cb78a7320a2606b32e713.png

image.png.7658aa2580825d063b9aee0ccc813d58.png

  • Like 1
  • Great! 1
Link to post
37 minutes ago, Caseynotes said:

Apple warns may miss quarterly guidance estimates due to virus impact starts a new pullback in the indices.

The most important words to pay attention here are "may miss".

Which makes me think we might end up closing up again and recover  this early loss on US indices.  Placed a small bet going long. Let's see the open reaction.

  • Like 1
Link to post
20 minutes ago, HPbrand said:

Have you started your short? You sound tempted late last week.

 

Might do it in demo (but when I'm in demo I just feel like it's totally pointless).  I used to see patterns and opportunities all over the place and now I don't really have faith in anything to work.

Link to post
17 minutes ago, HPbrand said:

The most important words to pay attention here are "may miss".

Which makes me think we might end up closing up again and recover  this early loss on US indices.  Placed a small bet going long. Let's see the open reaction.

Whatever happens it won't be obvious and there are thousands of the world's best minds playing the game which people like me can't win.

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • General Statistics

    • Total Topics
      15,006
    • Total Posts
      72,819
    • Total Members
      61,113
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    Bouf
    Joined 23/04/21 11:00
  • Posts

    • What! Modellers' exaggerating risk? I don't believe it! 🙄   GWPF @thegwpfcom 'Reality check: Global warming trend is only half of what climate modellers have predicted' Global warming trend is only half of what climate modellers have predicted - The Global Warming Policy Forum (thegwpf.com)
    • Ferguson and Imperial College team's dishonesty over covid modelling uncovered. The Failure Of Imperial College Modeling Is Far Worse than We Knew | ZeroHedge
    • Ok - following on from the last chart One thing you MUST remember is NO-ONE knows what a market is going to do exactly, we are GUESSING and using BEST GUESSES based on PROBABLISTIC outcomes CNX1 - The ETF of Nasdaq100 - did exactly as it said on the tin We had: The Triple Bottom  The 2RSI tick up on the formation of the Triple Bottom Then the pullback Then we got a DOUBLE top formation, which for those inclined offered a shorting opportunity: Double Top  BOTH the 7RSI and 2RSI showed on the close of the bar labelled (RED) 2 - negative divergence (Lower high reading in the RSI) compared to red bar labelled 1 Break of the low of bar labelled red 2 = go short with a stop 1 penny above the high of bar labelled 2 Seeing these "swings" is much much easier by adding a swing file to ones charts - Remember also most chart patterns have logical places that INVAIDATE the trade - that is where your stop goes! Over 110 years ago - WD GANN said "Buy Double/Triple bottoms and sell double/Triple tops" - That advice still works today and I can attest it beats lots of the touted trading methods out there
×
×
  • Create New...