0829 GMT [Dow Jones] Investors unwound some of their long safe-haven trades in government bonds and in the CHF and JPY overnight notes Lloyds Banking Group. The bank says the Dow's close back above 10K suggests the market is saturated with bad news and this has helped to put a floor under risk and bond yields. However, with Bernanke, jobless claims and revised GDP data still to come, there could be more pitfalls before this week is out. ([email protected])
Cable Update (GBPUSD)
- #248,881
- Aug 26, 2010 3:47am Aug 26, 2010 3:47am
- Joined Mar 2006 | Status: Chase that Dollar .. | 1,416 Posts
- #248,882
- Aug 26, 2010 3:51am Aug 26, 2010 3:51am
Periscope DOWN Men!
I'm sorry Gang,
'Just feels good to be pipping & in a winner,
for once!
-It was hard shorting into this baby @first too,
Uggh!
Lower High's, Lower Low's...
Here comes 153 -(Yeah, right!).
We'll see how she does,
Jeff
- #248,884
- Aug 26, 2010 3:57am Aug 26, 2010 3:57am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
RSX? don't have
Here's the link for the RSX. (with instructions)
you have to also install the additional files from the link in that post.
Also here's a pdf is on how to properly use the RSI, that you may find useful. RSX is a Jurik smoothed RSI that's non lagging so the same principles apply.
Personally, it's the only divergence indicator I use, but everyone has their own preferences. I have mine set with a fast and slow line for longer trends as well as for faster trades. 6 & 14
Best of luck
- #248,886
- Aug 26, 2010 4:08am Aug 26, 2010 4:08am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
http://www.forexfactory.com/showpost...stcount=188985
Here's the link for the RSX. (with instructions)
you have to also install the additional files from the link in that post.
Also here's a pdf is on how to properly use the RSI, that you may find useful. RSX is a Jurik smoothed RSI that's non lagging so the same principles apply.
Personally, it's the only divergence indicator I use, but everyone has their own preferences. I have mine set with a fast and slow line for longer trends as well as for faster trades. 6...
- #248,887
- Aug 26, 2010 4:10am Aug 26, 2010 4:10am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #248,889
- Aug 26, 2010 4:15am Aug 26, 2010 4:15am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
What about support/res indicator?
- #248,890
- Aug 26, 2010 4:15am Aug 26, 2010 4:15am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
All indicators lag! The only indicator that does not lag is price!
It all depends on how you quantify "lag". If something is accurate within a small window of time, then the "lag" is acceptable. It's all relative. Jurik closed the gap quite efficiently so the way RSX tracks price is the closest to a non-lagging indicator I've found.
Here's a good example of lag too. Price moves, you look at the chart, you do the mental calculation whether it has created a higher low or lower high.
lag. ...lol
- #248,891
- Aug 26, 2010 4:20am Aug 26, 2010 4:20am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #248,892
- Aug 26, 2010 4:20am Aug 26, 2010 4:20am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
Yes, I've heard that quote many times on the boards.
It all depends on how you quantify "lag". If something is accurate within a small window of time, then the "lag" is acceptable. It's all relative.
Here's a good example of lag too. Price moves, you look at the chart, you do the mental calculation whether it has created a higher low or lower high.
lag. ...lol
I use previous supply and demand zones to determine where price has a high probability of turning. So I have already done my calculations before price even gets there. There is no lag in bbakker
- #248,895
- Aug 26, 2010 4:23am Aug 26, 2010 4:23am
- Joined Feb 2010 | Status: Inactive | 6,482 Posts
I still think that fractal is an indicator. Don't know how else you can name it.
- #248,896
- Aug 26, 2010 4:24am Aug 26, 2010 4:24am
- Joined Apr 2009 | Status: Know Your Wave | 2,640 Posts
Thanks, but which one do you use... I now have like 50! haha
EDIT: BTW I must say that I agree with BBakker, I am more into PA and candles...
first of all I am not an indicator guy, so am not going to argue the virtues or shortcomings of them.
anyone who knows me or has followed my analysis knows that my method is based on PA, SR, and candle formations, but a divergence indicator does come in handy.
it's everyone's choice what they want to use or not.
There is no lag in bbakker
just kidding hahaha
- #248,897
- Aug 26, 2010 4:26am Aug 26, 2010 4:26am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
All indicators lag! The only indicator that does not lag is price!
It is too simplistic to say all indicators lag....some indicators can tell you stuff about price and potential future market sentiment that price also will not.
Just an experienced trader's observations over many years.
G/L
ex member
- #248,900
- Aug 26, 2010 4:34am Aug 26, 2010 4:34am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter