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

Entries and Exits on Elder Impulse System

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Black_NITE Member Profile
Member Level 
Followed By 139
Posts 380,340
Boards Moderated 0
Alias Born 10/18/12
160x600 placeholder
U.S. Stocks Book 5th-straight Week Of Gains
The U.S. stock market ended the week in rally mode Friday. Sparked by a surprise dose of liquidity measures launched by China's central bank and dovish comments from European Central Bank President Mario Draghi on Friday, U.S. equities recorded their fifth-straight week of gains.
Top Equities Stories Of The Day
China Mobile's Need for Speed -- Barron's Asia
Technip Bids for CGG -- 2nd Update
Zoetis Unveils $500 Million Stock Buyback Plan -- Update
Intel Projects More Growth in 2015 -- Update
Appeals Court Grants TV Programmers Stay in FCC Dispute -- Update
Wireless Carriers Bid Up US Airwaves To Record
Two Top-Producing Advisers Leave Merrill Lynch--Street Moves
Chinese Premier Plays Down Qualcomm's Woes
Black_NITE Member Level  Friday, 07/19/13 06:37:50 AM
Re: None
Post # of 1522573 


Entries and Exits on Elder Impulse System

A buy signal occurs when the long-term trend is deemed bullish and the Elder Impulse System turns bullish on the intermediate term trend. In other words, the weekly chart has to show a clear uptrend in order for a daily buy signal to be valid. Daily buy signals that happen when the weekly chart is not in a clear uptrend are ignored.

A sell signal occurs when the long-term trend is deemed bearish and the Elder Impulse System turns bearish on the intermediate term trend. For example, the weekly chart has to show a clear downtrend in order for a daily sell signal to be valid. Daily sell signals that happen when the weekly chart is not in a clear downtrend are ignored.



In the daily chart above, we are using the MACD(1,65,1) indicator to show us the weekly trend. If it is above zero, the weekly trend is up. If it is below zero, the weekly trend is down. Given that, then the first three green arrows on the chart show valid daily buy signals (i.e. new clusters of green daily bars). Note, however, that the first couple of red bars on the chart are NOT valid sell signals in this case because the weekly trend is still positive (according to the MACD we are using). The red arrow shows the first valid sell signal that happens after the weekly trend turns down. Similarly, the weekly trend must turn positive again before valid buy signals are given (as indicated by the last three green arrows on the chart).



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