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Zerolag MACD

  • #321
  • Jun 6, 2011 12:37pm Jun 6, 2011 12:37pm
Quoting jiva34
That's it for today.
+13.1
It warms my heart to know you are doing good.
My signature is: "Classified".
  • #322
  • Edited 10:31pm Jun 6, 2011 10:20pm | Edited 10:31pm
Quoting yaed
How did you learn to talk about stuff you dont know anything about in a inconsiderate manner, without actually adding one iota to the discussion of a serious matter? Try instead to give us an idea of what you think is a wise and considerate way of acting. I dont ask of you that you have all the answers, none of us do really, but try you should.
Silly people...............
Huff and puff...
  • #323
  • Jun 6, 2011 10:25pm Jun 6, 2011 10:25pm
Quoting yaed
It warms my heart to know you are doing good.
Thank you, good friend..
So far so good...
  • #324
  • Jun 6, 2011 11:23pm Jun 6, 2011 11:23pm
+1.8
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  • #325
  • Jun 6, 2011 11:39pm Jun 6, 2011 11:39pm
+2.6
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  • #326
  • Jun 6, 2011 11:42pm Jun 6, 2011 11:42pm
+1.0
Got out quickly due to R1 (1.4629) What is your R1, J? It seems to be higher than mine...

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pete
  • #327
  • Jun 6, 2011 11:56pm Jun 6, 2011 11:56pm
+1.4

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  • #328
  • Jun 7, 2011 12:13am Jun 7, 2011 12:13am
Quoting pedross
+1.0
Got out quickly due to R1 (1.4629) What is your R1, J? It seems to be higher than mine...

Attachment

pete
R1 = 1.4641
Don't know if there is a way to compensate for gmt differences with this indi.
  • #329
  • Jun 7, 2011 12:24am Jun 7, 2011 12:24am
I'm using Daily Wood Pivots and they correspond to within 3 pips of:

http://www.dailyfx.com/technical_analysis/pivot_points/

pete
  • #330
  • Jun 7, 2011 12:31am Jun 7, 2011 12:31am
Quoting pedross
I'm using Daily Wood Pivots and they correspond to within 3 pips of:

http://www.dailyfx.com/technical_analysis/pivot_points/

pete
Sounds good.
If mine are off I guess I must have compensated somehow. I'm so used to seeing them and how the candles respond to them that it seems to be working out, even if they may not correspond to another broker using a a different gmt.
If it's working don't fix it..
  • #331
  • Edited 1:58am Jun 7, 2011 12:54am | Edited 1:58am
A lot of times a pop up like this is not really a breakout. It's stop hunting and limit order hunting by the brokers.
One way to tell is to wait for a pull back and then see if the upside resumes.
zero lag will give a divergent signal if it is simply brokers hunting for quick gains and not a serious breakout.
This is very profitable for the brokers and they do it all the time.

Most like that's what that pop was, brokers going shopping..
the divergence shows up on the 15 min.

After the inital pop and pullback, it's gone higher..
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  • #332
  • Edited 11:13am Jun 7, 2011 2:03am | Edited 11:13am
like yesterday, the candles eventually reached the pivot, today they will no doubt reach r2.

The strategy for zerolag divergence is strictly defined so even though "I think" candles will reach r2, unless there is a signal i will not trade.

This would have to be a whole different trading stategy, maybe "pivot, s and r"..

Just for the heck of it, I placed the trade in another demo. Sure enough, after a pullback the candles jumped to r2.
+17.6

I am seriously considering starting a second thread dedicated to the pivot s and r strategy. Will watch it for a while.
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  • #333
  • Edited 5:41am Jun 7, 2011 5:30am | Edited 5:41am
not getting those nice clear signals, just waiting.
Ben Banke speak later...
  • #334
  • Jun 7, 2011 5:53am Jun 7, 2011 5:53am
Yes, pivots more often than not have a "magnetic" quality about them in a similar way to the troublesome 00 psyche-levels of which I am very cautious of trading around.
Perhaps more credibility could be given to the attraction of price to R1, R2, S1, S2 etc once price has passed a mid-pivot level, dependent of course on price momentum.

It may result in a larger pip count per trade...
I will look into this...

pete
  • #335
  • Jun 7, 2011 6:09am Jun 7, 2011 6:09am
+1.2
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  • #336
  • Jun 7, 2011 6:10am Jun 7, 2011 6:10am
Quoting pedross
Yes, pivots more often than not have a "magnetic" quality about them in a similar way to the troublesome 00 psyche-levels of which I am very cautious of trading around.
Perhaps more credibility could be given to the attraction of price to R1, R2, S1, S2 etc once price has passed a mid-pivot level, dependent of course on price momentum.

It may result in a larger pip count per trade...
I will look into this...

pete
yes midpoint is significant.
perhaps there are orders waiting at these pivots and s and r....
  • #337
  • Jun 7, 2011 6:43am Jun 7, 2011 6:43am
+1.3
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  • #338
  • Edited 7:16am Jun 7, 2011 7:02am | Edited 7:16am
That's it for today.
Ben Banke day...
schizoid market...
+8.8 for the day...
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  • #339
  • Jun 7, 2011 11:35am Jun 7, 2011 11:35am
Quoting pedross
+1.0
Got out quickly due to R1 (1.4629) What is your R1, J? It seems to be higher than mine...

Attachment

pete
Thinking about the difference in pivots and s and r..
The calculation is based on open and close hi and lo etc of the day candle. But the day candle will be slightly different for different gmt.
Based on the day candle for the gmt the calculations will be correct for that gmt.
  • #340
  • Jun 7, 2011 11:02pm Jun 7, 2011 11:02pm
+2.5
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