Fidelity
Home > Boards > Free Zone > User's Groups > STOCKGOODIES PLAYS OF THE WEEK

Elder Impulse System ~ Timeframe

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Black_NITE Member Profile
Member Level 
Followed By 108
Posts 279,929
Boards Moderated 0
Alias Born 10/18/12
160x600 placeholder
Top Equities Stories of the Day
Goldman Sachs said 1Q net income fell 10% to $2.03 billion, but results topped analysts' estimates. EPS came to $4.02; analysts expected $3.45. The better-than-expected results driven by strength in investment banking pushed shares up 1%.
Top Equities Stories Of The Day
Citi Picks Dewilde to Lead Asia Markets and Investor Services Business
Client Balances at Morgan Stanley Wealth Management Near Merrill Lynch
Treasury Turns Its Gaze to Municipal-Bond Market
IBM Losses Can't Hold Back Tech Gains
Sales of Johnson s New Hepatitis Drug Soars
U.S. Hot Stocks: Hot Stocks to Watch
Fast-Rising Costs Erode Google's Profits -- 3rd Update
Yahoo CEO Mayer's Compensation Falls
Black_NITE Member Level  Monday, 07/15/13 06:00:47 AM
Re: None
Post # of 1177099 


Elder Impulse System ~ Timeframe

The Elder Impulse System can be used across different timeframes, but trading should be in harmony with the bigger trend. Elder recommends setting your trading timeframe and then calling it intermediate. Multiply this intermediate timeframe by five to get your long-term timeframe. Traders using daily charts for an intermediate timeframe can simply move to weekly charts for a long-term timeframe. The choice is not as clear cut for smaller or longer timeframes. A little judgment is required. Traders using 10-minute charts to chart their "intermediate" timeframe can use 60-minute charts for their "long-term" timeframe. Investors using weekly charts can base the bigger picture on monthly charts. Once the trading timeframe is decided, chartists can then use the longer timeframe to identify the bigger trend. This can even be accomplished using one chart. Chart 2 shows daily bars with the Elder Impulse System and the 65-day exponential moving average, which is five times the 13-day EMA. The long-term trend is considered up when SPY is above the 65 day EMA or when MACD (1,65,1) is positive.



Again, other methods for determining the weekly trend can be used instead of using the MACD(1,65,1) zero crossover on the daily chart. We will use that technique in this article to simplify the charts and discussion.


Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist