Posted by frtaylor on 10th of May 2012 at 03:19 pm
Right, that's another very useful one. I was just looking
for that 34/170/34 setting you've lately liked in conjunction w/
the 25/170/25 MACD histogram. Trying to read the SPX right
now, looking for a long or short, short term. The short term
triangle you just posted is the exact thing needed here to use as a
trigger, then watch the histograms for confirmation.
good trading! I also find that the histograms work well on
a 1 min SPY to catch some day trades.
Otherwise regarding this market, the move off yesterday's lows
has not been impulsive, it's been choppy, no 5 waves, so
eventually it argues at another pullback; that doesn't mean it
can't chop it's way higher first, just saying the move off the lows
has not been impulsive.
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Right, that's another very useful
custom MACD histogram setting?
Posted by frtaylor on 10th of May 2012 at 03:19 pm
Right, that's another very useful one. I was just looking for that 34/170/34 setting you've lately liked in conjunction w/ the 25/170/25 MACD histogram. Trying to read the SPX right now, looking for a long or short, short term. The short term triangle you just posted is the exact thing needed here to use as a trigger, then watch the histograms for confirmation.
btw, I closed my short based on your triangle.
good trading! I also find
Posted by matt on 10th of May 2012 at 03:25 pm
good trading! I also find that the histograms work well on a 1 min SPY to catch some day trades.
Otherwise regarding this market, the move off yesterday's lows has not been impulsive, it's been choppy, no 5 waves, so eventually it argues at another pullback; that doesn't mean it can't chop it's way higher first, just saying the move off the lows has not been impulsive.