Saturday, January 21, 2012 12:13:42 AM
Day traders and swing trades...
BT thanks for the comments earlier; higher powers are letting me post more often...
Ziko can explain chart when here again if I miss or over state something.
If we can fine tune an indicator on the daily chart...we can step down to a 30/60 minute chart with the same indicator and front run what is going to happen on the daily...and make the assumption that the signal can be acted on="the signal is there") so when he said the signal is there he's suggesting it has triggered or is about to be triggered... and it is frequently happening at the one deviation band.
What we have found is that there are "frequent triggers" at the "one standard deviation" Band of the Bollinger bands (normal Bollinger is 2 standard deviations)...aka...volatility bands...
The daily chart he is focused on the RSI settings and on the moving averages of that indicator...= a technical indicator triggering before(or at same time)as the "early price" moving averages"...our focus is 3...5...10 moving averages... and then the ultimate "trigger"... signal is there...indicator= is price itself...price has to move below the 3 moving average to turn it the other direction...3average becomes a trigger for other averages as crosses...triggering as it crosses the 5 and 10 averages...it would be nice to know where these triggers happen as we come out of overbought in today's case...and to see a certain technical indicator working right along with it...
We will walk through the signals in real time...for now I'll post a 60minute chart and the daily chart and can see what is happening on the 60minute chart today and past few days...maybe setting up in front of the daily chart...???
...bottom line is that over weekend or over night = news may/will void these set ups but intraday indicators reset fast...so we are going to understand their characteristics...
Hope this helps...give it a few real time looks and you will see it...I already know you know your way around charts...
Enjoy
60 minute chart with CCI as indicator
Daily with RSI
BT thanks for the comments earlier; higher powers are letting me post more often...
Ziko can explain chart when here again if I miss or over state something.
If we can fine tune an indicator on the daily chart...we can step down to a 30/60 minute chart with the same indicator and front run what is going to happen on the daily...and make the assumption that the signal can be acted on="the signal is there") so when he said the signal is there he's suggesting it has triggered or is about to be triggered... and it is frequently happening at the one deviation band.
What we have found is that there are "frequent triggers" at the "one standard deviation" Band of the Bollinger bands (normal Bollinger is 2 standard deviations)...aka...volatility bands...
The daily chart he is focused on the RSI settings and on the moving averages of that indicator...= a technical indicator triggering before(or at same time)as the "early price" moving averages"...our focus is 3...5...10 moving averages... and then the ultimate "trigger"... signal is there...indicator= is price itself...price has to move below the 3 moving average to turn it the other direction...3average becomes a trigger for other averages as crosses...triggering as it crosses the 5 and 10 averages...it would be nice to know where these triggers happen as we come out of overbought in today's case...and to see a certain technical indicator working right along with it...
We will walk through the signals in real time...for now I'll post a 60minute chart and the daily chart and can see what is happening on the 60minute chart today and past few days...maybe setting up in front of the daily chart...???
...bottom line is that over weekend or over night = news may/will void these set ups but intraday indicators reset fast...so we are going to understand their characteristics...
Hope this helps...give it a few real time looks and you will see it...I already know you know your way around charts...
Enjoy
60 minute chart with CCI as indicator
Daily with RSI
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