ThinkorSwim TA and More

[bobjack]

Hi HawkMan, I like your handle, makes me think of a hawk in a power dive as soon as I see your name, and SPDPRO, spdpro makes me think FAST cars everytime too.
I gave up on day trading, OR any short term trading in general..
Win two, lose 4 for me. Kept getting killed by oddball things too. The whole born loser syndrome.
I had not payed any attention to the market for last year and a half, just got back into TOS a couple of weeks ago. Had to re-learn it, BUT, what little I knew is all back and a little more. Market Forecast is a proprietary study, you cannot view the code, BUT, it seems quite useful, the studies that I have been watching are that, along with tripple stoch on one plot, and tripple cci on one plot, looking for all three to act in unison, indicating that three time frames are in synch. add MACD with Bollinger Bands and PMO studies, At One Glance brings 11 indicators to the show in one summarized dashboard/paintbar array.

When I saw spdpro's chart with NewStudy23TTMandBB2, I was intrigued and found it to look quite useful.
I have not traded any thing for 1 1/2 years, but, these look pretty promising for 4 hr charts on NUGT/Dust. I am watching a combination of 2 hr, 4 hr, and daily to get a feel for it, and keep scrolling thru the last couple of years to watch how the signals vs action played out.
Doesn't hurt to look at weekly for last 5 years to get a different perspective either. As far as I know, none of the studies that I mentioned flip flop on past bars except the NewStudy23TTMandBB2, which I observed changing signals after the fact as mentioned earlier - I love the indicator, but don't really trust it. I need to watch it real time, probably with short time frames to assess that. PROBLEM for me is: 4 hr and daily charts are like watching paint dry. My attention span wanders, I have too many interests. Short timeframes keep me involved, BUT, always lose money for ME.
Another lesson that took me forever to learn, counter trend trades are MUCH more dangerous than trades with the daily/weekly trend.
Flip Flopping or swing trading NUGT/DUST looks easy on the surface, BUT, I find that I cannot distinguish between the small whiplash/countertrend signals from real longer term/stronger signals.
http://tos.mx/njWUTp
actual, now I have 5 stoch and 4 cci curves on 2 studies, the extra curves don't add that much info, I guess on the "rare occasion" that all 5, or all 4 dip/top together, you have a really strong signal.
Good Trading To You an SPD
bobjack