Thursday, November 29, 2012 11:04:42 AM
Trend, glad you put up your post again. I spent a lot of time looking at the three charts a couple of days ago, but did not have time to post my thoughts.
My conclusion was that the 3 charts came from Foot, Jake, and Art. Don't know who came up with the basic indicator first and it doesn't really matter. All 3 charts use
As you said ROC is now over limit, but $NAAD is not, so I don't think we have a full short signal yet. Do you agree?
I will think about waiting for both signals and then using my 60 min chart to signal MWC short. Seems like a reasonable way to use the signal.
I am going to convert my chart to IWM and see if it still works or if RUT is important. Since I trade IWM, I would rather plot it.
My conclusion was that the 3 charts came from Foot, Jake, and Art. Don't know who came up with the basic indicator first and it doesn't really matter. All 3 charts use
$CPC:$RHCPMPQ - only used for long signal
.2 trigger
ROC(9) - used for both long and short
+5/-5 triggers
$NAAD - all for long only short on Jake
-400/-500 for long
300/400 for short, Jake only.
As you said ROC is now over limit, but $NAAD is not, so I don't think we have a full short signal yet. Do you agree?
I will think about waiting for both signals and then using my 60 min chart to signal MWC short. Seems like a reasonable way to use the signal.
I am going to convert my chart to IWM and see if it still works or if RUT is important. Since I trade IWM, I would rather plot it.
Trade the Charts and not the Heart - Expect the trend to
continue until it doesn't - Realtime is the real deal
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