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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?


To: Monty Lenard who wrote (11099)1/30/2001 7:14:42 PM
From: MechanicalMethod  Read Replies (1) | Respond to of 12039
 
Monty,

Somewhere I believe you said never trade against the grain of MACD, at least I thought I saw that so I ask your forgiveness in advance if I'm mistaken. Are you using MACD as a directional filter -- only taking trades that agree with the direction of MACD? but waiting for a separate primary signal before entering?

TIA for the help.
Mechanical Method



To: Monty Lenard who wrote (11099)2/3/2001 1:16:32 PM
From: Chris  Respond to of 12039
 
even i dont follow my signals 100% mechanically.

i have to use trendlines and S&R to help me.

my momentum indicator might give buys and sells but it doesn't account for trade risk and reward (that's where trendlines/s&r can help)

i have one particular Parabolic SAR setting that does well. but i only use it when I'm IN the trade. I dont use the signal to ENTER trades.. only exit them.

i might post some pics of it too.

too bad qcharts doesn't have SAR.. metastock does.



To: Monty Lenard who wrote (11099)2/3/2001 1:32:55 PM
From: Chris  Read Replies (1) | Respond to of 12039
 
here is an example of how I apply the trendlines/indicator approach

geocities.com

and if I can't see the patterns clearly, then i pass the trade off.

disclaimer: i have no position. not a recommendation to buy or sell.