Ace's Talking Stocks Forum
Register Calendar Latest Topics
 
 
 


Reply
  Author   Comment   Page 2 of 2      Prev   1   2
sharpshorts

Avatar / Picture

Charter Members
Registered:
Posts: 21
Reply with quote  #26 
Ace has always been the go-to man for stalking stocks and sectors via fundamentals...

Except the YM, ES and NQ e-minis, I've stopped trading everything else...for a host of reasons.
But I still appreciate ideas and charts from everyone.

__________________
My basic premise -- In the markets, what goes down must go up.
0
acestocksplayer

Avatar / Picture

Moderator
Registered:
Posts: 575
Reply with quote  #27 
Hi SharpShorts! Thanks for the kind words... [smile]

Glad to see someone putting up posts besides our usual crowd!

We each find our success with different approaches, and as long as your approach works for you, that is all that matters! Take care now.

__________________
Mike
0
Koog

Moderator
Registered:
Posts: 225
Reply with quote  #28 
Sharpshorts....I'm still looking back at post#8 and am understanding better because of the new way i see divergence in the MACD histograph...Not quite figured / gotten to the EMA but it's next... Quite the leap of understanding already for myself......Stockhastic is not quite there, but coming into view ... Much Obliged
0
sharpshorts

Avatar / Picture

Charter Members
Registered:
Posts: 21
Reply with quote  #29 
Hi Koog...Normally, the direction of price and the direction of the indicators will be the same.
That makes sense since indicators are created by applying formulas to prices...right?

That is, if price makes a lower low compared to its previous low then you usually will see the indicators also make lower lows compared to their previous lows.
When indicators do not mimic prices, they are diverging from price.

Spotting divergences is not a perfect science and sometimes they are much more obvious than other times.
Some indicators are designed to react very quickly (histogram and stochastic) while the MACD EMAs are slower to react to price action...

This picture describes "Normal" price-to-indicator action and "Divergent" price-to-indicator action.

Divergences.jpg


__________________
My basic premise -- In the markets, what goes down must go up.
0
Koog

Moderator
Registered:
Posts: 225
Reply with quote  #30 
Nice example Sharpshorts, I have been successfuly using the TRIX this past week, even tho it seems it's been a flat week in the $1 to $4 trading range in my opinion ..
Tinkering with the TRIX's standard 18 setting, changing it to 9 and even 3 all seem to be useful but i find myself going back to 18 on even a short term interday chart...  I am hamstrung using a 5min tick and comparing to a 15min and a 30min, looking for the Front Running as you say. Not as fast as your 60 tick 7second chart. I find these fast charts make for a nice entry/exit no doubt, but require me to be prepared to exit on short notice. Therefore it is most productive to have studied the longer term charts after hours, and have a list of promising candidates on hand at the open to watch for an entry into... I know im not telling you anything new, i post these observations for the edification of followers/lurkers.... Overlay of the Stockhastic atop the MACD is my next challange...Ive been removing the signal lines from the MACD using only the Histograph bars as my personal preference, to better recognize divergence, so there is plenty of study left when i add the signal lines of either the MACD or the Stockhastic overlay....
I hope everything is going the direction you want it to, and may your port be green...  Be safe and
 Happy Trading..... 
0
sharpshorts

Avatar / Picture

Charter Members
Registered:
Posts: 21
Reply with quote  #31 

Hi Koog. so you are “Tinkering with the TRIX's standard 18 setting” – -- Everybody's software will render indicators slightly differently. For example, my software shows the standard TRIX as a 20 period LINE that oscillates above and below a zero line. 

The beauty of good software is the ability of the user to make adjustments to parameters in order to best ”see” what they want to see. For me, I like setting TRIX to a 5 or 6 period and displaying it as a histogram. 

It may take a bit of experimentation to find the settings that talk to you and work best for your trading preferences...Sometimes the standard settings do that, right out of the box. In my case, the standard MACD settings do that.


__________________
My basic premise -- In the markets, what goes down must go up.
0
sharpshorts

Avatar / Picture

Charter Members
Registered:
Posts: 21
Reply with quote  #32 
Re “Tinkering with the TRIX's" settings...
Here's a picture explanation of some of the tinkering I've done.
I just set up a test chart and keep changing the parameters until I get results I like.
You can do this with almost any oscillator. 
The MACD is used as a 'base' for comparing the changes to the three TRIX EMAs used.
Although both studies are similar to each other, there are subtle differences in the EMA crosses
and the when the histo bars change direction...

(BTW - I don't pay much attention to the numbers in the study panes except for the zero areas)

1 90 percent.jpg


__________________
My basic premise -- In the markets, what goes down must go up.
0
Littleshark

Moderator
Registered:
Posts: 1,233
Reply with quote  #33 
Liking your stuff SS ... thanks for sharing ...

if you don't mind saying ,,,, what software do you use for charting ???

can't do a lot of that overlay stuff as free Stockcharts user ...
0
sharpshorts

Avatar / Picture

Charter Members
Registered:
Posts: 21
Reply with quote  #34 
Hello Littleshark...my trading chart software is ApexTrader - provided by my broker ApexFutures.
I do have to pay for data for the CBOT and CME symbols I trade ($10/month).
NOTE that they do not have equity data sources so you cannot use it for stocks...Most on-line discount equity brokers will provide software and data if you have an account with them.

Also you can get an excellent charting software for free from MedvedTrading.com that has all the great charting features as well as the extra bells & whistles of portfolios, quotes, alerts, news etc.
I've been using MT along with ApexTrader, using my existing data provider...I very much like their software.

You can run it with free real-time streaming equity quotes using Yahoo data, which includes back-fill data for daily and inter-day charts. 
Their free version will allow you only two open charts at a time and limits them to 3 indicators max. Can't beat the price so try it for a while before subscribing. Subscribing is less than $200 a year for unlimited functions...Their previous charting software was QuoteTracker...


__________________
My basic premise -- In the markets, what goes down must go up.
0
Koog

Moderator
Registered:
Posts: 225
Reply with quote  #35 
I see we are both using the same 8 period signal line. I have been using a 10 baseline the way you are using an 11. It fits into a weekly chart the same as a daily chart as an 8EMA and a 10MA and works very well. But I'd like to find a faster Signal line when using an innerday chart. I trade into a rising 5 minute long candle, it's streaming but allot can happen in 5 minutes. I see where a 7second candle has its advantages but until I find a chart that'll give me a 7second tick I won't know what I'm missing... I got plenty to work on this weekend. Hopefully I'll have a short list to post before Monday Morning.... Have a great evening everyone.......
ps.. Nice way to point out the oh so subtle differences between the TRIX and the MACD histographs "..
0
Littleshark

Moderator
Registered:
Posts: 1,233
Reply with quote  #36 
Thanks for the MT reply etc. SS ...
0
Littleshark

Moderator
Registered:
Posts: 1,233
Reply with quote  #37 
d
0
Previous Topic | Next Topic
Print
Reply

Quick Navigation: