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ziko

02/09/12 5:02 PM

#17628 RE: tja1 #17610

TJA and LBK- there you go guys...tried everything with this may be its my firewall/antivirus software prohibiting it...don"t know..you can see all the settings and recreat the same chart anyways on stockcharts,,this one will update live nonetheless.

anyways

1. Do not focus on candlesticks as the trend is more important...I just use a line frankly, a moving average of 1 instead and its fine but it takes a bit of getting used to.

2. Slo stochastics, they are usually 5,3...10,3...here you can see I have set them to 5,1, 10,1..reason being is that I use all of them crossing each other as signals..this is to show you the power of moving averages and it shows that all bands, up to 200 are above one deviation=overbought=strength..continuing

3. On the chart, nothing new really, 3 moving averages and 4 bands which makes it busy but i like to see the bands interact. see how 10.2 upper band is flying above 20.2 upper band now..lol=no top yet...only thing containing price the last few days is that the upper band bb20.2 has not been expanding enough on the upside. Once 10.2 comes in..then we can say we have a start...cause price can still create a higher high once inside and it will be considered a top..but relative to the bands. then downhill starts

4. Bands 20.2=rubber wall, bands 10.2 wall of concrete.

5. Slo stochastics better than full stochastics

6. CCI is for bias, direction and it gives structure, stochastics is for momentum or velocity of price=need both on your side and you are invincible

7. Notice I have an exponential EMA 10 and a 10 MA which is the mean for the 10 bbs..HINT>>> gives great signal when exponential crosses simple...alert..

8. Most importantly, notice MA10 riding MA20 for the entire trip..

You need to master these concepts before we move on to the next stage

good luck




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