NYMO - I sure like the signals on that. One thing I noticed is
that when there's a signal in the -35 to -50 area, you almost
always get another signal further down about 5 to 10 days later,
and price is lower. This second signal leads to a longer hold (2
weeks) and a larger gain about 1/2 the time.
The NYMO was actually a bit better this time as it closed for a
second day below the BB, usually 2 days in a row you are really
due. 2 - 3 is the the max usually.
As I pointed out, in strong downtrends those indicators can
close 2 or sometimes 3 days below the BB's before you get the
bounce. Use other factors with it don't just use the NYMO and
NAMO alone, like there was pretty clear positive divergence on the
intra day time frames on Tuesday near the end of day and with the
doji candles to boot on the indexes and many stocks, the
probability of a bounce on Wed was pretty high. On Monday
however you didn't have any of those intra day divergences
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NYMO - I sure like
Posted by frtaylor on 1st of Oct 2015 at 11:28 am
NYMO - I sure like the signals on that. One thing I noticed is that when there's a signal in the -35 to -50 area, you almost always get another signal further down about 5 to 10 days later, and price is lower. This second signal leads to a longer hold (2 weeks) and a larger gain about 1/2 the time.
The NYMO was actually a
Posted by matt on 1st of Oct 2015 at 11:40 am
The NYMO was actually a bit better this time as it closed for a second day below the BB, usually 2 days in a row you are really due. 2 - 3 is the the max usually.
As I pointed out, in strong downtrends those indicators can close 2 or sometimes 3 days below the BB's before you get the bounce. Use other factors with it don't just use the NYMO and NAMO alone, like there was pretty clear positive divergence on the intra day time frames on Tuesday near the end of day and with the doji candles to boot on the indexes and many stocks, the probability of a bounce on Wed was pretty high. On Monday however you didn't have any of those intra day divergences