Is there a live link for this chart or is it already on the long
term tools section please?
I thought the trades needed a confirming candle. Is this still
true, or only used in shorter time frames? This is a daily chart,
which is the very shortest time frame I can possibly use for my
401k.
This catches the majority of a trend, which is all one should be
wanting to achieve.
If its already on the LT tools page, I apologize for missing
that. Thanks!
Cubby
In my retirement account I use a combination of 3 of the
indicators from this section: Stochastic 60 Period/50%, Histogram
25/170/25, and the 13/34 EMA. Recently I was 2/3 invested
(before this melt-up today) using the Stochastic and 13/34.
The Histogram appears to be the safe one on buys (just like
MACD's are not as fast other indicators), keeping us out of the
fiscal cliff downturn but today it is confirming the buy signal
recently using the confirming candle method from Matt. All in
all, I'm pretty happy with using these 3.
I think the horizontal filter line (as Matt has it explained) is
the body of the candle (ie. close of that day in December), so
1446.79 is what I have.
This is also crucial as it marks the +- 7 point zone surrounding
what I believe to be a very important 1440 pivot zone area.
Needless to say, this last hour of trading will be important.
question on that histogram -- it is one of Matt's long
term tools. Isn't the histogram still on a sell from weeks
ago? I see stoch on a buy, but that histogram never got a
confirming candle once it popped up over the zero line.
Additionally, seems histogram is on the verge of crossing to
negative again. I suppose this is only one indicator of
dozens one could use, but am I reading it correctly?
I am placing more weight on the SLO STOCH but I am watching both
the MACD histograms. If the SLO STO crosses below the 50% and MACDs
stay crossed I will go to cash. Too early to be
definitive.
this indicator aside (it is a longer term indicator), the VIX bb
and NYMO bb signals will be issuing bull signals at the close today
by closing back inside their bb from very overbought and oversold
conditions (respectively). Edit: not exactly - I think this
is step one of a bullish set up. There needs to be a bearish
follow through on the VIX ie. a lower close than today's close on
Wednesday, for the signal to be triggered. There have been
many strong sell-offs that achieve the first step (closing inside
the bb), but don't follow through.
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FWIW...I think this chart (Matt came up with it I believe)
Posted by tomW1 on 31st of Dec 2012 at 03:15 pm
seems to be a good road map. I'm using it in the coming year.
This chart, a question please
Posted by cubby on 2nd of Jan 2013 at 08:28 pm
Well, a few questions.
Is there a live link for this chart or is it already on the long term tools section please?
I thought the trades needed a confirming candle. Is this still true, or only used in shorter time frames? This is a daily chart, which is the very shortest time frame I can possibly use for my 401k.
This catches the majority of a trend, which is all one should be wanting to achieve.
If its already on the LT tools page, I apologize for missing that. Thanks!
Cubby
In my retirement account I
Posted by rikkwan on 2nd of Jan 2013 at 01:05 pm
In my retirement account I use a combination of 3 of the indicators from this section: Stochastic 60 Period/50%, Histogram 25/170/25, and the 13/34 EMA. Recently I was 2/3 invested (before this melt-up today) using the Stochastic and 13/34. The Histogram appears to be the safe one on buys (just like MACD's are not as fast other indicators), keeping us out of the fiscal cliff downturn but today it is confirming the buy signal recently using the confirming candle method from Matt. All in all, I'm pretty happy with using these 3.
histogram method needs to have
Posted by kalinm on 2nd of Jan 2013 at 02:02 pm
histogram method needs to have $SPX close above 1448? I like the power and simplicity of this chart, just want to make sure I use it correctly.
yes that's how I'm reading
Posted by rikkwan on 2nd of Jan 2013 at 02:07 pm
yes that's how I'm reading it- Dec 18 is when it went positive at 1448
so it needs to close above that 1448 for the confirming candle
Posted by rikkwan on 2nd of Jan 2013 at 02:28 pm
I think the horizontal filter
Posted by kalinm on 2nd of Jan 2013 at 03:02 pm
I think the horizontal filter line (as Matt has it explained) is the body of the candle (ie. close of that day in December), so 1446.79 is what I have.
This is also crucial as it marks the +- 7 point zone surrounding what I believe to be a very important 1440 pivot zone area. Needless to say, this last hour of trading will be important.
question on that histogram --
Posted by kalinm on 31st of Dec 2012 at 03:30 pm
question on that histogram -- it is one of Matt's long term tools. Isn't the histogram still on a sell from weeks ago? I see stoch on a buy, but that histogram never got a confirming candle once it popped up over the zero line. Additionally, seems histogram is on the verge of crossing to negative again. I suppose this is only one indicator of dozens one could use, but am I reading it correctly?
I am placing more weight
Posted by tomW1 on 31st of Dec 2012 at 03:43 pm
I am placing more weight on the SLO STOCH but I am watching both the MACD histograms. If the SLO STO crosses below the 50% and MACDs stay crossed I will go to cash. Too early to be definitive.
I hear ya. If one
Posted by kalinm on 31st of Dec 2012 at 03:46 pm
I hear ya. If one were brave enough this morning, seems like it would have been a good buy based on Stoch reaching the 50 support level.
this indicator aside (it is
Posted by kalinm on 31st of Dec 2012 at 03:41 pm
this indicator aside (it is a longer term indicator), the VIX bb and NYMO bb signals will be issuing bull signals at the close today by closing back inside their bb from very overbought and oversold conditions (respectively). Edit: not exactly - I think this is step one of a bullish set up. There needs to be a bearish follow through on the VIX ie. a lower close than today's close on Wednesday, for the signal to be triggered. There have been many strong sell-offs that achieve the first step (closing inside the bb), but don't follow through.