mesayah
658 posts
msg #85616
- Ignore mesayah
modified |
1/6/2010 1:38:23 AM
The best indicator by far is The Pivot Point. In my opinion, it is so precise if used the way i use it. and can even tell you when to get out.
Look at SPY on 11-19 price gaps down from pivot point to support 3, GO LONG then on 11-23 from pivot point to resistance 3, GO SHORT then on 11-27 from pivot point to support 3, GO LONG AND STAY LONG UNTIL NEXT GAP UP!!
All imo... Any comments?
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BarTune1
441 posts
msg #85669
- Ignore BarTune1 |
1/6/2010 6:20:00 PM
Kevin,
"Looks like it might be a day or two later in calling an entry for long positions (look at 8/17 and 9/2 as examples), but avoids you getting burned on short calls. All in all, I'd use the BB as an alert, and the advance/decline ratio as a confirmation signal. Also looks like you can stay in the trade a little longer with the A/D ratio versus exiting at the cross of the 5 dayMA"
I agree. I like the BB as an alert and as an overall measure where the market is to guide either long or short entries. I will be following the A/D ratio closely also. There have been a number of times I wish I had stayed in a stock longer.
According to the charts, it appears that there is a higher likelihood of getting burned on short calls. However, as I have said before, I think the VIX signals work better on pullbacks when the market is trending up (i.e., above the 200dma). It is possible that the short signals (and the cross of your A/D indicator below 1) will work better when the market is below the 200 dma.
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chetron
2,817 posts
msg #85672
- Ignore chetron
modified |
1/6/2010 7:07:52 PM
sorry, couldn't resist.....
crankiin'.....
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duke56468
683 posts
msg #85677
- Ignore duke56468 |
1/6/2010 9:25:55 PM
For those of us without the advanced subscription, what parts of the filter make sense for us to edit so it doesn't "exceed performance restrictions"?
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chetron
2,817 posts
msg #85680
- Ignore chetron |
1/6/2010 9:45:55 PM
sorry, because each custom variable uses the previous, there is nothing i can manipulate to make it basic.
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