Replies to post #17722 on The TradingEdge

[ziko]

thanks...looked at VXX and applied the 5.1/even b%5.(new look) ..added an average of EMA 3 on b%20--nothing excitingly different

here is what i think I know: count to three...count three ticks once price goes above EMA 3..for EMA 3 to get above EMA 5- or abort...strictly on 60 minutes...where price history gets printed..

But I do not know what makes 3 changes direction

I know that the needs of the many outweigh the needs of the One...the one indicator..that I do not know lol..and I keep missing..although you keep telling me it is there...up there with the other indicators..lol

I know that EMA 5 carries price and keeps you in the trade...also know that when price closes outside 5.1 something happens...but not quite sure what. The standard stuff is you wait until price goes in the band and you look at the indicators...say CCI turning ..but do not understand why the 5.1...(ok ok relationship to the EMA5 important /Ma 5..but what?...not enough...

also know 5.2 is another concrete wall just like 10.2...so we have now double concrete walls...

What made you buy VXX that day was not dumb luck...but if I examine the signal on 5.1 daily I see nothing special...a close out of 5.1 alright...a move to the other end of the 5.1 from low to high signals a trend change...but why this time?? it happended along the decline many times..and did not end up changing direction...so what is different this time?...what?..don"t know yet...

Good Trades