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Adding some CCI-20 , RSI's (Cannot overlay EMA's on RSI - Had to substitute actuals RSI's), and EMA's on separate box as Price,EMA3, and EMA5) to My stratdesk to compare and frankenchart some more - comparing cci-20 sigs to tripple stoch's - VERY Interesting
ALSO some TRIN charts with ci-20 sigs marked
SPX in symetrical triangle on 65, 130, and daily -- TNA in H&S on 65, 130, and not so clearly on daily - TNA cycling between S1 and R1 ---SPX kinda cycling between S2 and R2 - My unskilled observations, all open to comment AND de-bunking
Took forever to mark charts n upload - gotta email sDESK from computer a to computer b to transfer n what-not
That's Funny - Human Nature for ya - I was away from computer, came back and saw your post and thought you had gotten caught up in the market and were gonna be late, NEVER thought about you being in a different time zone, AND I am aware that there are people on these boards from all over the world - anyway I did think about you a lot today, sounds like the procedure today was about the same as cataract surgery - is that correct?
I left right after my post and just got back home.
Do you have to wear dark glasses for a week or two now?
By round trip it, do you mean wait thru another trip to top of range and back down to 1449 minus again?
You Better B Hittin The Road!!!!!!
EDIT: Add Chart - 30 min spx is flat - price cycling about cci20 zero line and accordingly the bb20 mid-line - 1st 3 bars closed almost on bb20 mid-line, which has a slight upward slope
was overbought on 27th and 1st as cci20 went above 100
I erroneously thought of resetting as going back to some "repeating"starting point, BUT, the starting point is not a count -
BUT, save but for later
BB10s gettin tight here on 10-65 min charts
alexed - Love The Chart - Has LOTS of Breadth Info
KIY - The fact that TRIN resets each day is not reflected in it's chart pattern as far as I can see - As usual, I am probably missing the obvious
TRIN is catching up to the stoch-trin and looks much as it did on sept 21/24 (as you said that it would)
This whole volley of thought is way, way beyond my abilities and made me want to just give up.
You said, "This post may seem like too much...but centerline reversals act this way...reversals from overbought/oversold CCI levels are a whole lot easier to read...Center line really is the 50/50 chance of going either direction."
You saw it coming, as far as my reaction, didn't you?
If it is even close to a 50/50 coin toss, There is no reward worth that learning curve - I don't have enough brain power or stamina for that challenge.
One place I am confused on the easier stuff is the difference between a trigger and a signal - I am sensing that several triggers lead to a signal.
Signal is generated when (1) a reaction is obtained from price re-entering BB10.1 (upper band), AND (2) price going below EMA 3 on daily.
Bollinger band one deviation is what I showed Ziko along with the grail averages...
they frequently trigger at the one deviation and sometimes it causes a big price move...Averages trigger as the one deviation band gets crossed...I said this is program trading getting triggered here...algoBots...HFT...Bollingers are an algorithm its obvious at the one deviation (BUT nobody talks about the one deviation same rules apply here as the rules on 2 standard deviations and if you look you too can see the triggers...that's all there is to it...I see 30 minute have some significant triggers also at or very near the +/-100 CCI signals lines...but its not as predictable like the one deviation band...and grail averages...
As far as the 3EMA..I can trade 3EMA and no other indicators...period...price has to fall below 3 moving to even get the average to start to turn...its a trigger that gets the attention as it (PRICE) crosses the 5 moving average...then trigger 10 moving...all you are doing is trading the Bollinger Bands with a 10moving average..outer bands suggest overbought/oversold. These triggers happen and follow through is price behavior below the 10 average...truthfully the 10day average may be the most obvious trailing stop that nobody uses...
All three of my neurons have fired their last round and I am out for the count.
Thanks,
bobjack
1st Level Sell was on sept 19th - Daily price dropped below bb 10,1 and below ema3.. then price and ema3 dropped below ema5 on 25th , then price, ema3, and ema5 dropped below ema10 on 26th
price and ema3 went below bb10,1 LOWER band on 26th also...
2 min to go and price and ema3 above bb10,1 lower band and price above ema3 (Barely) -- new long signal start now, RIGHT (ALL on Daily)
WELL, That is "FAR OUT", you are one lucky Dude to have the fix, and one unlucky/unfortunate Dude to need the fix..
Guess I should come outa my hole n watch discovery channel more often - all new technology to me.
Did I say I will be out tomorrow...another eye surgery...get that wire implanted better on the optic nerve...
Do you say that jokingly or is it literal - sounds quite serious and very delicate if you're not joking.
You are talking about a type of surgery that I am totally not familiar with. I assume you are not joking and will pray for success tomorrow. What time is surgery scheduled?
Humans are so complicated...LOL...they are so so so sosoooooo mistaken... AGREED
You just made me aware of another of my problems, I focus on 1 area, bollingers, stoch tripplets, trin, emas and short term, I forget the others, ULTIMATELY, that is why I like paintbars, they help me keep track of ALL the indicators, not just a few that I lock in on.
ZOOMING in to be able to clearly see price/ema relationship is good for the untrained eye - mine
I NEVER had definitive signals before, just a bunch of wishy-washy signals that I didn't really understand, and listening to the guru of the day/week/month - BTW, that has no reference to YOU, it is a fact that I have recognized and thus my finalized (to now) chart that I showed you from strategydesk... and I learning more non-sugjective techniques from this board.
Actually I am speaking of luck on a very different scale -- watching charts for 2 weeks (8 hrs a day) with an option going no place, gettin a call to p/u sick grandchild at school, option rocketed to 500% while I was gone, and fell 510% by the time I got back, -- 1 of 50 stories. BOTTOM line to your point, DON'T answer the phone, don't leave, don't go fix lunch, don't take an extended dump, you, or me in my Hilarious LUCK, miss the signal, I just flipped back to see if I missed the signal while I am typing, LOL
Been burnt by the broker in oddball late opening of amex, of etfs when they traded much more thinly, YOU get the picture, AND I get the message - which would have only saved me 1/3rd of the time. I smile so's not to cry... stoch trin turnin back up near top line, trin still unchanged, my 30 min just gave down sig 5 min into 1 pm bar which may reverse anytime (no trin here) just the tripple stoch n PPO/MACD 5,12,9...
I was speaking of a page updater that reloaded the page without me having to hit reload every few minutes - akin to streaming, not just realtime on reload. They don't appear to exist any more -- I used em years ago then they quit working and FF had one call PUC that quit on FF 4 or there abouts.
BobJack...structure produces...consistency...
BELIEVE me, I finally get it - I have been a VERY SLOW learner, too impatient, and downright spastic at times.
Before I forget, u prob know this, BUT, I just recently discovered how easy it is to zoom in and out on these chart pages - most browsers will accept "ctrl -" and "ctrl +" to zoom in or out 1 step - makes looking for a 3/5 cross easy. I always did it thru the menu which was cumbersome and hence hardly ever did it. Oper has a nice slider to do it instantly with a mouse an any web page, I use firefox mostly tho.
I follow doug kass all day long and sy harding who has a 3 times/week blog - been tempted to pay for a sub from harding - he is a 3 to 5 times a yr trader.
Used to follow swenlin n still get free weekly updates. Seemed that swenlin was 50/50 like flipping a coin - I am gifted with a knack of following anyone thru their losers/off periods and bailing just as they get to their good periods - as far as the market n trading go, I AM THE BORN LOSER - get hit by every freaky glitch possible, THERE AGAIN, I am a slow learner - any normal person woulda quit 10 yrs ago. Bad luck overrules good trading, and I am not a good trader. So, add bad luck to bad trading, well you can guess the rest of the story.
I WILL check out all 5 sites tho!
Watching along with you - bollingers have always been useless to me in the past - could never see what others saw, and they always just used 20,2 for most part on 5 and 30 min charts. I think I am getting about 10% of bollingers n trin so far, enough that I know beyond a shadow of a doubt, that they are useful, and I can get to maybe 75% in couple of weeks
Now just waiting on stochTRIN to signal...if I wasn't already short at 1449 I would be ...now=with signals...with hedge above 1341.
On re-reading this, I realized you meant you would be short upon arrival of the new signal, I was tempted to go short on quickly reading Now just waiting on stochTRIN to signal...(if I wasn't already short at 1449 I would be ...now) =with signals...with hedge above 1341.
I was FOCUSING on 1/3rd of statement and blocking out 1st and last 3rds about signal arrival - selective vision n memory bite me often...
Do you use a page updater to reload this chart for you, this chart offers content that I cannot get in strategydesk -- TOS may do it, but I am saving that learning curve for winter. If so, what is it?
I see my questions being answered slowly and methodically with examples at a rate that makes it easier to digest, and less likely to be even more overloaded/overwhelmed .
thanks
Oddly Enough, stockcharts does not support 33 min, 65 min, or 130 min charts, if you plug in those numbers, the address bar show them on the updated chart, but the charts are in fact using standard default intervals of 30, 60, and 120 min. 33 min made no sense anyway, since 6.5 hrs evenly divided by 30 min, and 65 min probably ridiculous, but, have learned to consider many things as possible bias or tweaks, rather than make a snap judgement from gut feeling.
Maybe that is not odd at all, just NOT what I expected, like most things market related LOL
BTW, thanks to both of you for new charts and thoughts - I was feeling really down on myself about the $TRIN - I was struggling to make any sense of it and felt particularly dense. At least it isn't a piece of cake for everyone else.
On another note, KIY, your results for spx points is VERY impressive, how do you translate that into literal trades - long/short spy,options on spy, or options on spx, trade other etfs of spx triggers. I have been mostly swing trading tna/tza and options on tbt with mixed results.
Dr Joe - Different Dr Joe, I think stockcharts Dr Joe was Dr Joe King - he had lots of followers and had been a broker earlier in life, and was currently in healthcare - I suspected as a chiropractor. If his bio was truthful, and I think it prob was, BUT, who knows.
I am a big fan of paintbars on realtime charts, aka quotetracker, strategy desk has a similar function, but is applied by columns
on Level 1 screen, I am just starting to use TOS charts and not familiar with much there. Stockcharts has many more tools than SDesk or QT for breadth, and unmatched convenience of posting here.
This summer I have watched this site
http://stockcharts.com/public/1107832/tenpp/1 (Above the Green Line)
and seems to make sense to trade strongest etfs just as trading with the current trend on any vehicle.
Lots of weekend material to catch up on.
I'll be back to you - gotta run most of weekend, Thank You
Gotta think, read, highlight, think, read LOL
KIY, Thank You Sir
Ziko SAID: Short trade -
Signal is generated when (1) a reaction is obtained from price re-entering BB10.1 (upper band), AND (2) price going below EMA 3 on daily.
Question 1) - No time-frame is mentioned - understanding that one starts watching 30 min, does this mean the Early warning is on the 30 min chart? Since the EMA 3 is referenced, I think it really applies to the final BOSS, or daily chart. Is this correct?
Second level of confirmation is when EMA 3 goes below EMA 5, AND (2) price goes through BB 10.2
Question 2) Does the statement "price goes through BB 10.2", refer to the Upper, Middle, or Lower band?
-Third confirmation is when EMA 3 and EMA 5 go below EMA 10.
Clear.
Fourth confirmation is when the three moving averages cross center line of BB 10.1/20.1 AND price of course has already gone below center line.
Again, clear
Fifth confirmation is when MA 10 goes below MA 20. As long as EMA 3 is below 5 you remain short until price goes below 10.1 and 10.2 lower bands.
Again, clear
At this time CCI is oversold, first alert is when price crosses 10.1 lower band upwards and goes out of oversold....and the chain is reversed.
Again, clear
Question 3) How does one determine which BB setting to use on which time-frame?
I see
20,1
60,1
60,2
all on some 60 min charts
and
10,1
20,1
20,2
on other 60 min charts
and
10,1
20,1
20,2
on monthly thru daily charts
and on 30 min charts
mostly referencing charts on this page:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=71157292
A couple of combo/frankencharts I have been poking at -
1)Lookin at 65 min and 130 chart periods - never felt good about 60 min period leaving 1/2 hr hanging at end of day, and 130 min to bridge between 60/65 and daily
2) Dr Joe Contribution from Stockcharts Public List - He has dropped out of sight
3) PPO/ADX and PVO/Stoch from Pincer Board
Tryin to meld these with your 3,5,10 EMAs and Bollinger Bands AND $TRIN signals
I gotta say how enlightening it was to hear your explanation of CCI and Bollingers, as Brothers and Sisters - Twins, BUT not Identical.
Dr Joe really liked his Babies on Weekly charts, BUT, they seem to look useful on many time-frames.
I am gonna throw out 7 charts for your comments and critique - no ego here so no one's gonna hurt my feelings - just lookin to get better. LAST 2 are trying to understand your references to TRIN Spikes and StochTrin actions - That part is not as obvious to me as many other triggers on these charts
KIY, Thanks for sharing, and thanks to Alexed ALSO.
Your chart address is:
http://stockcharts.com/c-sc/sc?s=$TRIN&p=30&yr=0&mn=0&dy=10&i=p38281783395&a=256325457&r=3202
Change p=30 in the address to p=60 to get an identical chart at 60 min instead of 30 min.
http://stockcharts.com/c-sc/sc?s=$TRIN&p=60&yr=0&mn=0&dy=10&i=p38281783395&a=256325457&r=3202
And change dy=10 to dy=20 to get a 20 day length for your 60 min chart
http://stockcharts.com/c-sc/sc?s=$TRIN&p=60&yr=0&mn=0&dy=20&i=p38281783395&a=256325457&r=3202
I have been following and reading your older posts - the older commentary is hard to follow because the charts show current data, not the data/chart that fit the commentary on the day of the commentary post - NOW when I read a current commentary, I do a screen capture of "current commentary and current chart" to get a chart that fits the commentary -- I can revue old intraday charts in tdAmeritrade StrategyDesk software though. StrategyDesk does not do $TRIN well at all. NOTE: Not being critical here, I prefer the updating (Current) charts, they allow me to see new data without a subscription to stockcharts.
I am learning a lot, but have trouble retaining too much too quick.
bobjack
Hi King,
Used to watch you on CS.
Been watchin you here for a while.
You said, "DOW 13800-14000 before the floor drops is what just popped up on my radar today. Time frame 2nd two weeks in March."
Just wondering what made you make this forecast, and what you are thinkin now. Is this a dip that's about over, OR the start of the elevator drop.
Back up to your 13,800 area or Ka-Boom from here??
TIA,
bobjack
Dennis, You probably got setup software that should walk you thru the install/setup. For my DSL in the past I have had to disconnect all but one computer, run the software that walked me thru the whole routine. My software was part of a kit provided by Cincinnati Bell/Zoomtown.
If you just have the software that ships with a new modem/router,(and not a package from Comcast) you may wanna talk to Comcast for their guidance BEFORE you start your adventure.
Good Luck,
bobjack
mimurray & tc, THANK YOU for the info,
bobjack
I have a Windows 7 Upgrade question -- Does anyone here know what type of upgrade disk I would get if I bought a computer with Vista installed, but was eligible for the free Win 7 upgrade.
Is Win 7 an oem full install disc? Can it be used to do a clean install after wiping vista? Any and all info appreciated.
TIA,
bobjack
Hi Ted, I added a couple more lines to your chart, just another possibility IMHO, OR NOT,
bobjack
euterpe1, here ya go.
scroll down
EDIT: I see the chart was already fixed - sorry for the post,
bobjCK
Hi Tea, it was on the bottom of his post about the IHnS,
bobjack
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39792729
AI, Correct -- a reverse split, one was a 10 to 1, while the other was a 5 to 1, I don't recall which was the 10 to 1,
bobjack
John, Yup, I agree, extended family, with a lot of the same interactions and emotions. Some people spend more hours interacting on the board than at home.
I miss his posting also, hope he comes back soon!!!
best to ya,
bobjack
John, Gleno said,"I think what happens is I hog the board..
This is like conversation for me..I post my calls and show charts and tell you my system but I do not get any feedback as to how to improve my system or most of you do not tell what your system is and that is not sharing...
So anyway..I will be doing a lot less posting..."
I think the key statements are:
This is like conversation for me..I post my calls and show charts and tell you my system but I do not get any feedback as to how to improve my system or most of you do not tell what your system is and that is not sharing...
Italics, bold, and underline are mine,
I think he feels like the poor guy who always ends up buying his buddies drinks, but, they never buy him one.
Then again, maybe I am full of "el crappo" as usual,
just my 2 cents.
Gleno, do I have it right??
You can blast me if I mis-interpreted your feelings.
bobjack
GLENO, What about us "NON-GURU's), The Sum of Us Lurkers really need you to post along with all the other GURU's,
Thanks to all of you,
bobjack
Roy, Here is another view that may show more value....
http://stockcharts.com/h-sc/ui?s=$BPNYA&p=D&yr=2&mn=11&dy=20&id=p76201260428
What do you think??? It is another tool...
I don't subscribe to stockcharts and cannot get a 5 or 10 yr chart. That would be interesting..
bobjack
blasherman, ENJOY YER SELF!!
bobjack
Hi Roy, Chico always refers to the PnF charts of the BP Indices.
Chico and Many people place high value on the PnF reversal.
I think it relates to an intermediate time frame, not a daytrading tool, other than helping to see start of a possible new trend.
Here is his comment about the current status:
Posted by: Little Chico Date: Thursday, June 25, 2009 10:20:55 AM
In reply to: None Post # of 50450 [Send a link via email]
Bullish % for the SPX = 57 "bearish confirmed"
Bullish % for the NDX = 74 "bear confirmed"
Long positions are more risky than short positions, currently.
Chico
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39035450
------------------------------------------------
ALSO, FROM THE CSG Board@
http://investorshub.advfn.com/boards/board.aspx?board_id=2462
2) P&F Charts
Another effective approach to trading, which can be done on a daily chart or intra-day chart, is using the P&F charts with the 3/8 moving EMAs. Comparing sharp charts with the equivalent P&F chart is recommended especially to estimate levels of support and resistance. The link below gives an example of the daily chart for the $NDX using this method, but an intra-day chart can be constructed with Quote Tracker in the same way, with additional indicators. This is a favorite of Chico, who recommends following the Bullish Percents as well ($BPNDX) to discern overall market direction. For more explanation of the P&F charting methods, see Thomas J. Dorsey's book Point and Figure Charting. http://stockcharts.com/def/servlet/SC.pnf?chart=$NDX,PLTBDANRBO[PB3!B8][D20081114][F1!3!!!2!20]&pref=G/>
3) Stockcharts.com offers a daily market summary with all the major indices, ETFs and bullish percents at:http://stockcharts.com/def/servlet/Favorites.CServlet?obj=msummary&cmd=show,iday[Y]&disp=SXA
4) You are encouraged to add a chart or other visual to your post for purpose of illustrations. To do this easily see post #49736
Bullish Percent Charts as of Last Night's Data
http://stockcharts.com/h-sc/ui?s=$BPNDX&p=D&yr=2&mn=11&dy=20&id=p44049982027
http://stockcharts.com/h-sc/ui?s=$BPCOMPQ&p=D&yr=2&mn=11&dy=20&id=p44049982027
http://stockcharts.com/h-sc/ui?s=$BPSPX&p=D&yr=2&mn=11&dy=20&id=p44049982027
http://stockcharts.com/h-sc/ui?s=$BPNYA&p=D&yr=2&mn=11&dy=20&id=p44049982027
http://stockcharts.com/h-sc/ui?s=$BPINDU&p=D&yr=2&mn=11&dy=20&id=p44049982027
chris3403, those 1,215,747 calls were balanced by only 9,171 open interest, so IF the numbers are accurate, most of those were traded back and forth, OR, closed out by end of day.
FUNNY THING, I looked at those numbers when I started this reply, went to the other room for about 15 minutes, came back, and the current open interest of 9,171 was some lower than the number that I thought I remembered. I thought it was over 20 or 30 thousand (I had closed the yahoo window and had to re-open to get the numbers for this reply). Maybe my old-timer's confused me... You need to look at open interest for wednesday and tuesday to see how many calls were
opened or closed -- yahoo may not let you get tuesday's numbers.
Hope this helps ya make sense of the situation.
You might need to check those numbers each morning, and keep your own record of them, to track that stuff over time.
bobjack
Fox, I just used that link to check if it had been removed, I can see it right now, you may have something blocking it.
Scroll down...
http://www.bloomberg.com/avp/avp.htm?N=av&T=Lloyd%20Blankfein%20Says%20Market%20Gains%20Reflect%20Government%20Aid&clipSRC=mms://media2.bloomberg.com/cache/vFxcN7QSDnwA.asf
I can see it in firefox browser,
bobjack
EDIT: Link works now -- if not, Guess you will have to copy n paste the two pieces of the address in your address bar.
FOX, The video link was posted by OTCPlayers:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38599689
bobjack
Hook-ster, That is Funnieieie, BUT, it would be a LOT FUNNIER if it was NOT TRUE!!!!
bobjack