“stoch 144” …use a five minute chart but change the sample period to correspond to a period of 12 hours. That’s brilliant. Quick updates/long perspective. 5 minute updates to a 2 day average (almost two entire trading sessions). See when a long term trend quickly changes. Most useful thing I’ve learned in months.
Oil is certainly getting more complicated now. For the last month or two it was always up week after week if not day after day.
I tried out the TRIX with a setting of 72 on the 5 min chart and it works very nicely as a general, weekly trend indicator. In fact, I think it almost works as a trading system all on its own. When the TRIX(72) starts to move up on UWTI you buy UWTI and then sell it when the TRIX immediately starts to rollover (5 min chart) a few days later. You then buy DWTI and do the same thing since the inverse fund is now bullish. One indicator: 2 ETFs. Since you’re trading the ups as well as the downs you can afford to be more conservative on entry and exit points because you’ve doubled your exposure to the market. Furthermore, following the TRIX you’ll always be keeping an eye on the general, weekly trend and trading with it instead of suddenly finding yourself trading against it.
It’s probably not the best mechanical trading system but I’ve been checking it out with UWTI and it seems to be alright for that past few weeks. The big thing I’ve noticed is that what works in an uptrend fails when the trend goes down. The TRIX seems pretty good at showing that even if it’s not too good at maximizing entry and exit points. Working on the 5 min chart with compensated indicators adds enormous clarity to the whole thing.
Your TRIX 72 seems to be a smoothed out stoch 144…yes, I plugged it in and appears to be accurate. Thanks, I will test. Have a good weekend. Will be out next week, away from the computer. Good luck.
lol, fml. This pos refuses to go down, silver too. All those damn short signals I got yesterday. Even the Euro, just took a dump on me.
#toasted
Dollar is going down…watch the back test on GDX daily…60 minute trix still has to issue buy on DUST.
Watch IF the stoch 144 stays above 50 on DUST 5 minute…
http://stockcharts.com/h-sc/ui?s=DUST&p=5&yr=0&mn=0&dy=2&id=p92148460227&listNum=1&a=388441676
So far a bounce…
“stoch 144” …use a five minute chart but change the sample period to correspond to a period of 12 hours. That’s brilliant. Quick updates/long perspective. 5 minute updates to a 2 day average (almost two entire trading sessions). See when a long term trend quickly changes. Most useful thing I’ve learned in months.
Combine the stoch 144 with the 13/34 MA crosses on the 5 minute is my standard day trading setting. Can be applied to most any trading vehicle. Also, use the bollinger bands…Also, Tim, look for BB constrictions which portend a move on the 5 minute.
http://stockcharts.com/h-sc/ui?s=DWTI&p=5&yr=0&mn=0&dy=2&id=p34073142155&listNum=1&a=408340409
Gap fill on DWTI from yesterday…Plus backtest on UWTI 2 hour lower channel trend line…Time for DWTI to turn.
http://stockcharts.com/h-sc/ui?s=UWTI&p=120&yr=0&mn=3&dy=0&id=p56393632292&a=407239494&listNum=1
Also backtest of 50 MA…
Oil is certainly getting more complicated now. For the last month or two it was always up week after week if not day after day.
I tried out the TRIX with a setting of 72 on the 5 min chart and it works very nicely as a general, weekly trend indicator. In fact, I think it almost works as a trading system all on its own. When the TRIX(72) starts to move up on UWTI you buy UWTI and then sell it when the TRIX immediately starts to rollover (5 min chart) a few days later. You then buy DWTI and do the same thing since the inverse fund is now bullish. One indicator: 2 ETFs. Since you’re trading the ups as well as the downs you can afford to be more conservative on entry and exit points because you’ve doubled your exposure to the market. Furthermore, following the TRIX you’ll always be keeping an eye on the general, weekly trend and trading with it instead of suddenly finding yourself trading against it.
It’s probably not the best mechanical trading system but I’ve been checking it out with UWTI and it seems to be alright for that past few weeks. The big thing I’ve noticed is that what works in an uptrend fails when the trend goes down. The TRIX seems pretty good at showing that even if it’s not too good at maximizing entry and exit points. Working on the 5 min chart with compensated indicators adds enormous clarity to the whole thing.
Your TRIX 72 seems to be a smoothed out stoch 144…yes, I plugged it in and appears to be accurate. Thanks, I will test. Have a good weekend. Will be out next week, away from the computer. Good luck.
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=1&dy=0&id=p56518834956&a=374878742&listNum=1
Trade the SPX too with SPXL and SPXU…
TRIX(72,9) ?
Something like this?
http://schrts.co/5UZBgu
TRIX(72,9) and Stoch(144,1) above and below 50
http://stockcharts.com/h-sc/ui?s=GDX&p=15&yr=0&mn=0&dy=15&id=p57237629822&listNum=1&a=388531793
Check out the MACD 40,80,30 on the 15…Had this chart in my archives. Do not know how I lost track of this one…
Wow! Thank you for sharing it.
Wow! Wow! Wow! Thanks Eagle.