Posted by dbray740 on 24th of Oct 2008 at 03:18 pm
I've been following Ravun's 5 min 7/21 EMA system
($INDU) to the letter since yesterday and I've been
creamed on every trade. I know it takes time, but am I missing
something else? I just want to make sure I'm not missing something
big here. Crossover, check. Confirmation, check. Time...still need
to give it time. Thanks!
Posted by ocracoke53 on 24th of Oct 2008 at 03:30 pm
dbray740
try using Matt's 18/24 on the 5min chart it's smoother - less
trades. I also use 16/34 on the 15 min chart. I might still
make a trade intraday before they cross but I'm not aggressive with
the trades.
Posted by ocracoke53 on 24th of Oct 2008 at 03:43 pm
Interesting - you have on your 5 min chart EMA settings of 18
and 24 and 16/34 EMA settings on the 15 min chart. This is my
settings, it came close but no crossover.
In the last 15minutes did get a crossover on DIG on the 5min
chart.
Posted by wondernut98 on 25th of Oct 2008 at 12:03 am
JMO but Dig looks good, the OIH
looks good, the GDX-BUCY-JOYG look good as well and the SPY looks
OK. I don't think Friday was the final low but I do beleive
that we get some real ramp in this market into the Fed
Meeting.
The market felt exhausted to me on
Friday. If buyers step in and shorts cover in a big way we
should see some real fireworks.
wondernut98-yes DIG and GDX bounced well on Friday and I discussed this
on Thursday, however the market index charts look like descending
triangles and so odds favor a downside break and if that occurs,
will DIG and GDX get pulled down too?
debra - you've probably got it right - lot of whipsaw the past
two days. Depends on the index, too. The 15 min SPX has
been on a sell for 3 days plus today - a nice big downtrend - and
just gave the first signal in all that time, and is trying to
confirm right now. So there are trends to catch. I can
see its important to find the best trading vehicles. The DOW
hadf two signals yesterday, by comparison.
Yeah, problem is you have to follow it religiously in case you
miss the one that will make up for the recent losses on the
whipsaws and that includes taking home positions. That seems the
hardest part to me. I'm still in two minds about it.
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I've been following Ravun's 5 min 7/21
Posted by dbray740 on 24th of Oct 2008 at 03:18 pm
I've been following Ravun's 5 min 7/21 EMA system ($INDU) to the letter since yesterday and I've been creamed on every trade. I know it takes time, but am I missing something else? I just want to make sure I'm not missing something big here. Crossover, check. Confirmation, check. Time...still need to give it time. Thanks!
5Min -EA
Posted by ocracoke53 on 24th of Oct 2008 at 03:30 pm
dbray740
try using Matt's 18/24 on the 5min chart it's smoother - less trades. I also use 16/34 on the 15 min chart. I might still make a trade intraday before they cross but I'm not aggressive with the trades.
I get four crossovers today
Posted by Vida on 24th of Oct 2008 at 03:36 pm
I get four crossovers today with the 18/24 on the DOW and two trades with the 7/21 system, so not sure what you mean.
vida - I didn't play
Posted by matt on 24th of Oct 2008 at 03:47 pm
vida - I didn't play ravuns system and good thing today, whipaw city. the 16/34 EMA didn't give a cross yesterday or today, very nice!
Again I'm out of here, no reason to sit here
Yep!!! Account like butter: churned...
Posted by Vida on 24th of Oct 2008 at 03:52 pm
Yep!!!
Account like butter: churned...
matt you did way better than me
Posted by delane on 24th of Oct 2008 at 03:49 pm
you did nothing and lost no money, I was trading like a banchi...buying and selling QCOM all at the wrong times. F...
5ema and 15ema
Posted by ocracoke53 on 24th of Oct 2008 at 03:43 pm
Interesting - you have on your 5 min chart EMA settings of 18 and 24 and 16/34 EMA settings on the 15 min chart. This is my settings, it came close but no crossover.
In the last 15minutes did get a crossover on DIG on the 5min chart.
DIG
Posted by ocracoke53 on 24th of Oct 2008 at 03:46 pm
Also crossover on the 15min chart with DIG
DIG
Posted by wondernut98 on 25th of Oct 2008 at 12:03 am
JMO but Dig looks good, the OIH looks good, the GDX-BUCY-JOYG look good as well and the SPY looks OK. I don't think Friday was the final low but I do beleive that we get some real ramp in this market into the Fed Meeting.
The market felt exhausted to me on Friday. If buyers step in and shorts cover in a big way we should see some real fireworks.
wondernut98 -yes DIG and GDX bounced
Posted by matt on 26th of Oct 2008 at 02:54 pm
wondernut98 -yes DIG and GDX bounced well on Friday and I discussed this on Thursday, however the market index charts look like descending triangles and so odds favor a downside break and if that occurs, will DIG and GDX get pulled down too?
also at the HOD!!
Posted by dylan398 on 24th of Oct 2008 at 03:47 pm
also at the HOD!!
debra - you've probably got
Posted by Michael on 24th of Oct 2008 at 03:28 pm
debra - you've probably got it right - lot of whipsaw the past two days. Depends on the index, too. The 15 min SPX has been on a sell for 3 days plus today - a nice big downtrend - and just gave the first signal in all that time, and is trying to confirm right now. So there are trends to catch. I can see its important to find the best trading vehicles. The DOW hadf two signals yesterday, by comparison.
Yeah, problem is you have
Posted by Vida on 24th of Oct 2008 at 03:25 pm
Yeah, problem is you have to follow it religiously in case you miss the one that will make up for the recent losses on the whipsaws and that includes taking home positions. That seems the hardest part to me. I'm still in two minds about it.