News Focus
News Focus
icon url

Vendit

07/03/01 6:44 AM

#211 RE: Ruellit #210

I use 1 and 5 minute dynamic updating charts. I watch both MACD as well as stochastic, both in skewed windows. I need to find the desktop shots of my set up and post them so you can see what I mean by skewed.

I pay more attention to MACD intra day than I do stochastic.
1 and 5 minute candles are the next indicator I watch. I view only about a 30 minute history at any one time.

Ill go into more detail after I find the gifs I mentioned so you can see my setup.

Reid
icon url

Vendit

07/04/01 12:25 PM

#219 RE: Ruellit #210

Look at the three small but tall chart windows that I have open in this picture of my desktop.

http://www.angelfire.com/zine/NASDAQ/medved__2_.gif

The first chart is the NASDAQ in 1-minute candle time frames.

The total time span that I look at is 30 minutes. By me stretching the charts tall and squeezing them 2 inches wide I get a very distorted or skewed technical view of a stocks movement in short time frames. The distortion is good because it greatly exaggerates the momentum or lack of momentum so you can easily locate (see) tops and bottoms forming within a couple of minutes as they form.

(All three charts above are showing intra-day sell signals in place. The MACD red/green cross-over is the signal)

Just below the main chart you see an MACD with histogram indicator. It also has included a fast and slow exponential (smoothed) moving average lines. Red is fast, green is slow.

The crossovers are the buy and sell signals. They are the confirming indicator to what I am reading on the Upper main candle chart.

The lower indicator is nothing more than stochastic. I use it at times to as a 3rd confirming indicator but not too often.

(1)- In order of importance I watch the candle color and whether they are trending up or down.

(2)- I use MACD fast/slow lines to confirm buy and sell triggers.

(3)- I use the blue MACD histogram to disclose how much trend momentum is behind a particular move.

(4)- I glance at stochastic for late or confirming cross-overs.



Reid