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?
5Min -EA
I've been following Ravun's 5 min 7/21 EMA system ($INDU) to the letter ...
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!!