So now at market close I thought I might go long, but everything is still screaming short. I'm just going to stay out and see what Monday brings. Enjoy your weekend!
Market close for me. Blood! This system was telling me not to be Long, so good. Mostly if I enter a trade by this system on market close it is correct. Let's see. Expect a gap down Monday.
An important deception tip: don't look at the actual TMA graph. It will miss lead you. Focus on the numbers that I keep showing you. That's where its at!
Joined Oct 2009
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Status: Jack of All Trades
|830 Posts
Derek,
In the most recent screenshots that you posted, is ATR set to 100? (the configuration of the histogram looks different in my charts. I understand that different brokers supply different datafeed, and you said the indicator repaints, but still I thought I should double check).
Thanks.
I think it's suitable on S&P500 as well. I will trade next week and try to post my screenshots here.
Ignored
Thanks Hammad. I find that I have to tinker with settings for different time frames and products, but S&P and DAX do react in a similar fashion and make the big moves together.
Derek, In the most recent screenshots that you posted, is ATR set to 100? (the configuration of the histogram looks different in my charts. I understand that different brokers supply different datafeed, and you said the indicator repaints, but still I thought I should double check). Thanks.
Ignored
Another thing we can check together is that when we do get a signal, does our data match? In other words do we both get the signal.
Today's gap down changes my road map. But sticking to the method I'm following the numbers. Let's see what happens today. No news so we may well trade a nice range.
H4 Chart:
I went short as Support appears to have broken and all numbers are negative, but this is not in the TMA system as I know how to use it, but perhaps someone can work out a rule to re-enter a trade?
