Loading ...This is how I determine a trend is in place…even then it’s still gambling…
Stoch leaving the green–however, during a strong downtrend this leads to false signals…IMPULSE MOVES ELIMINATE THE EFFECTIVENESS OF ST SIGNALS.
MACD crossing and finally the 13/34 MA cross on the 60…
WHEN THE MACD CROSSES AND STOCH LEAVES THE GREEN THIS HAS THE POTENTIAL TO BE A STRONG SIGNAL…Also, the price reaction at the moving averages; during a turn obviously one wants to see the 13 MA breached then the 34 MA…
I HAVE USED THIS METHOD SUCCESSFULLY TO TRADE. Good Luck!
Gold is close to a 13/34 cross down on the 60 min. This would close the cross up it did on Aug 6th at 10am (last Thursday). Dust 60 is far from a 13/34 cross but the standard TSI is getting set to cross up. The MACD already has but there’s still a half hour left to complete the current bar. Which I guess means I should be more patient…
Yes, patience…the 13/34 cross will help eliminate the chop during consolidation that happens at the beginning of a run and the end.
I’ve come to see it as a fish. When waiting for the cross up that tells you to buy, you lose the tail; and when waiting for the cross down that tells you to sell, you lose the head. The head and the tail are garbage, we’re after the middle, which is the trend, if there is one. Some fish are nothing but a head and a tail but all they cost you is some bait.
LOL Tim, you are one kind of character 🙂 That’s the idea without ending up, “swimming with the fishes”
Brilliant, Tim. The head and tail scraps, are the chop, is the wasted stress. Newbie here but already, I can relate.