3674 replies to this topic

[HDB]

wouldn't it also indicate that a breakout is coming?

not on cci!! makes it very sensitive ti slight change in price if 3mas r close together meaning price has been going sideways recently!!

[TradeBit]

VIX also nice for checking when Gov going to start buying again, like what going on at the moment. Silent market killing.

[TradeBit]

HDB, I have used a customised VIX on big 15 to aid my systems in generated buy or sell signals, you guys must look into this, Ed Seykota speaks about this on his blog years ago.

[TradeBit]

To judge breakout timing use RSI and Stockistics but they no good for trends.

[delta66]

ok..yes.  thanks Qbre

[TradeBit]

No, no, no. moving average strictly following price indicator.

[gringots]

if using EMA on ig chart default settings are on the 20/50/100..perhaps i'm misinterpreting

 

The default ig charts give you only 3 of each type of MA.

 

If you use prorealtime charts you can just make them all Simple MA's.

 

<edit>

I remember HDB saying that he is only using the 34 ema because you can only set 3 SMA's by default.

</edit>

Edited by gringots, 21 May 2014 - 02:47 PM.

[gringots]

The 34ema is the key.

If that is far away from price and signal given, then do the trade as price will always go towards 34ema up or down!!

 

In other words if the 3, 10 and 34 close together, avoid the trade!!

 

wouldn't it also indicate that a breakout is coming?

[Qbre77]

3 and 10 and 204 MA 

34 EMA

[delta66]

if using EMA on ig chart default settings are on the 20/50/100..perhaps i'm misinterpreting

[HDB]

closed trade.  HDB..with regard to ema's are there any particular settings to apply when using this system?

what do u mean by ema settings?

[delta66]

closed trade.  HDB..with regard to ema's are there any particular settings to apply when using this system?

[HDB]

This system definately works best with a defined trend(like any system really) 

Whipsawing alot today!

Love the input!!

 

Come guys this is a new system on a test run and would love to hear from more members  as to how to tweak this system to make it show fewer signals with larger profits!!

 

 

Don't feel shy...anything that  u see that im not seeing, bring it up and we can discuss it!!

[HDB]

gonna jump as soon as in the black..risk/reward to thin on long 44500 up unless trend changes

Yeah..cant see it going above pivot unless dow or pound makes a big reaction!

[delta66]

gonna jump as soon as in the black..risk/reward to thin on long 44500 up unless trend changes

[HDB]

The 34ema is the key.

If that is far away from price and signal given, then do the trade as price will always go towards 34ema up or down!!

 

In other words if the 3, 10 and 34 close together, avoid the trade!!

Edited by HDB, 21 May 2014 - 01:39 PM.

[HDB]

This system definately works best with a defined trend(like any system really) 

Whipsawing alot today!

That's why I added the new addendum to rules today ! Avoid trading if 204sma has no slope!! But risk return again I suppose because if u take the signal, that trade could cause the slope down or up for you to be in the money big time!!

[Qbre77]

the 204ma definately comes into play often

[delta66]

very true Qbre..look at action testing the 204ma again

[Qbre77]

This system definately works best with a defined trend(like any system really) 

Whipsawing alot today!