39 replies to this topic

[NAV]

NAV,

If your daily goes to a buy soon here, how will that affect your hourly system decisions ?

It has no effect on my trading decisions as to what the higher timeframe does. I trade the hourly and all decisions will be solely made on signals from hourly.

Hourly trading takes a lot of attention. I reckon you will be the first to sign up for the corneal displays, implanted throat mike, and the cochlear implants then eh?



Things can change RAPIDLY in hourly trading. That last hour on Tuesday was one very good example.

Not really. Watching a candle once an hour or 30-min hardly takes any effort. It's the tick junkies who watch every tick in the market who will need those corneal displays. If an hourly trader needs those implants, what would those 5-min traders need then ?

Edited by NAV, 06 October 2011 - 08:37 PM.

[jdjimenez]

[quote name='vitaminm' date='Oct 6 2011, 05:33 PM' post='598818']
if possible you may post back tested results for last one month.


Because I use current RSI & Williams readings to make a trade I will have to watch your chart along with mine to see if I can use it to my advantage. I tested back to 9/12 and it appears that your chart may give a warning of trend change 15 minutes prior to my chart but without RSI & Williams readings I can't be sure which is why I said useful. Since my first signal comes on a 15 minute chart I will also have to watch your chart in that time frame as you indicated is possible. I will also watch it in 30 & 60 minute time frames to see if it helps there.

I am always interested in trying to improve my results so I will work with that chart and see if it helps. Recently Spookie suggested a 5 minute trade signal for taking profits that has proven better than my previous indicator and I thank him for that as I again thank you for your chart.

In a very short time I will be able to watch the entire day of market activity for at least 60-90 days. I hope to be able to hold my trades longer and improve my swing trading ability.

JDJ

[SemiBizz]

NAV,

If your daily goes to a buy soon here, how will that affect your hourly system decisions ?

It has no effect on my trading decisions as to what the higher timeframe does. I trade the hourly and all decisions will be solely made on signals from hourly.

Hourly trading takes a lot of attention. I reckon you will be the first to sign up for the corneal displays, implanted throat mike, and the cochlear implants then eh?



Things can change RAPIDLY in hourly trading. That last hour on Tuesday was one very good example.

Not really. Watching a candle once an hour or 30-min hardly takes any effort. It's the tick junkies who watch every tick in the market who will need those corneal displays. If an hourly trader needs those implants, what would those 5-min traders need then ?

A lobotomy.

[vitaminm]

Because I use current RSI & Williams readings to make a trade.........


based on williams %R..........3>6 buy.........3<6....sell.............one may not need to watch hourly


http://stockcharts.com/h-sc/ui?s=$SPX...id=p52351361591

[jdjimenez]

Because I use current RSI & Williams readings to make a trade.........


based on williams %R..........3>6 buy.........3<6....sell.............one may not need to watch hourly


http://stockcharts.com/h-sc/ui?s=$SPX...id=p52351361591

Very kind of you to share. Not sure why Scottrade Elite gives me different numbers on their charts with your settings but it has happened before. Williams 3 gives -1.16 and Williams 6 gives -0.64. Slow Stochastics are also different. Definitely frustrating!

Edited by jdjimenez, 06 October 2011 - 11:24 PM.

[alexthered]

NAV, does price have to stop your long trade out before triggering a swing sell? Meaning is the swing sell price below your stop or is it higher now? Thanks for all the updates.

[NAV]

NAV, does price have to stop your long trade out before triggering a swing sell? Meaning is the swing sell price below your stop or is it higher now? Thanks for all the updates.

Stop has got nothing to do with swing sell. My stop remains the same. My pivots keep moving higher as the trend progresses. Once that pivot breaks and certain rules get satisfied my system will flip to a sell.

[vitaminm]

try this charts
http://www.freestockcharts.com/

Because I use current RSI & Williams readings to make a trade.........


based on williams %R..........3>6 buy.........3<6....sell.............one may not need to watch hourly


http://stockcharts.com/h-sc/ui?s=$SPX...id=p52351361591

Very kind of you to share. Not sure why Scottrade Elite gives me different numbers on their charts with your settings but it has happened before. Williams 3 gives -1.16 and Williams 6 gives -0.64. Slow Stochastics are also different. Definitely frustrating!

[vitaminm]

My pivots keep moving higher as the trend progresses.....................

spx..on this chart .pivot 1155 is same in daily to intra day frame.

http://www.freestockcharts.com/

[jdjimenez]

vitaminm, Just saw your post and thank you very much for this information, I will work with the charts this weekend. FYI, I used your chart to take a position short today at about 9:20am PST that came in about 10 earlier than on my 15 min. chart. It may have hit even earlier but I was in court and when I got out I saw that the market had broken the area where I intended to short so I put the position on. Got positive immediately but had to go through that retest of the days highs before it started looking good again. My 15 COMP chart made a pattern that I feel very comfortable with my short for next week even though my position is currently negative. Thank you again, you have been very kind sharing your knowledge and charts. Stay Green, JDJ