hiker ema 3, -3 whipsaw
#1
Posted 17 April 2007 - 06:58 PM
Market typically trends only 25% of the time, so during the typical 75% trading range market, one would be repeatedly whipsawed.
Do you know what I am pointing out?
Would love to hear your view on this ...
Thanks
http://stockcharts.c...35613&r=209.png
#2
Posted 17 April 2007 - 07:05 PM
I am not going to attempt to explain this to folks who have not read the entire book. It would not be a fair representation of how this data may or may not be used to benefit a trader.
I shorted QQQQ today at 45.28 with a real-time post at the link below..let's see how the trade works out near-term....you and I both know trading is art and science in application:
http://www.websiteto...post?id=1836715
it was a countertrend trade entry tonight in after-hours...nothing more...no sell signals on the daily...no MA crossovers..price is simply above all three MA's as it often has been during the advance.
read the book
Edited by hiker, 17 April 2007 - 07:18 PM.
#3
Posted 17 April 2007 - 07:10 PM
About the market action, I commented this morning that I am anticipating a pull back.
Also noted that SPX 1475 is the resistance as the high.
I came across his article on tradestation and other; as well as in a book store in the past.
http://www.traders-t...showtopic=69149
http://www.investors...age_id=18860853
http://www.investors...age_id=18842093
btw, I was trying help you...
----------------
About the market action, I commented this morning that I am anticipating a pull back.
Also noted that SPX 1475 is the resistance as the high.
Edited by Trend-Signals, 17 April 2007 - 07:20 PM.
#4
Posted 17 April 2007 - 07:17 PM
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#5
Posted 17 April 2007 - 07:18 PM
let's look at the entire data set on the GS weekly
Edited by hiker, 17 April 2007 - 07:28 PM.
#6
Posted 17 April 2007 - 07:22 PM
Edited by securelstmile, 17 April 2007 - 07:29 PM.
#7
Posted 17 April 2007 - 07:38 PM
TS - I understand.
let's look at the entire data set on the GS weekly
Well, as you said, you have your system, so bringing out ema 3, -3 is just a start and a good one.
btw, did you notice my ma/ema setup with 3, 5, 8, 13, 20 ma posted on stockcharts.com public list during Oct-Nov 2005 when I called Oct 2005 bottom?
I did well on the list, but I felt cluster phobia on the list; so I decided not to stay on.
Anyway, I just wanted to point out the problems which I encountered. I tried to help posters on cs with my backtests about whipsaws with test results.
I now need to get back on my project, then like to do my regular EOD market comment.
Again, the point which I was making about whipsaws was to help you, just in case, you overlook those.
For my trading, 3 ema confirmation is often a good one to use.
#8
Posted 17 April 2007 - 07:44 PM
Edited by hiker, 17 April 2007 - 07:40 PM.
#9
Posted 17 April 2007 - 07:53 PM
I am seeing different things which some may not notice.
Strange that the post time is 08:44 PM, but your edit time is 08:40 PM
Well, I'd better do my to-do...
Have a nice night
http://img337.images...47/hikerii3.png
Edited by Trend-Signals, 17 April 2007 - 07:56 PM.
#10
Posted 18 April 2007 - 04:20 AM
Strange that the post time is 08:44 PM, but your edit time is 08:40 PM
That's how Hiker can do so many great short-term trades.... He can go back in time!!