I just wanted to review some recent signals and how having multiple indicators sometimes saves you the whipsaw in and out of a stock. For my weekly AAPL trading style this works: 1. Watch for indicators: a. MACD crossover b. KPEI script crossover c. KST crossover d. Donch. Channel signal of 2 bars above (going UP) or below (going down) middle channel line. When you get 2 bars the trend continues for several days.
2. You really want to see 3 indicators in agreement. Waiting for the 4th sometimes causes opportunity loss.
3. We may see a down trend start today but Fridays are always a hard call when you have only two signals and two more that are about to trigger.
Comments
KPEI
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Great charting! Can't wait to see the cross overs.
ct586283
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Hi KPEI, I was wondering if you could answer "JohnTheGao"''s question. When I copied your script, it complimented the other indicators but I am at a loss on giving a detailed explanation to the script, since you wrote it.
JohnTheGao
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What's this KPEI script?
ct586283
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The script was one that the "KPEI" person published some months back. I don't know him/her, but at the time I was using two other indicators and when KPEI published the script I thought it looked good historically and I started using his script as a confirmation or sometimes as a leading indicator. The indicators seem to work well together, just be careful at earnings times. I edited the script to change colors but he did all of the work and I just wanted him to have the credit if it turned out to be a good indicator. I will ask him if he can explain the math details of how he came up with the script. Thanks.
timwest
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I really like how you have labeled and discussed your methodology. Well done. Very nice. Have you looked at using different time frames so that your bars are equal in time? There are 390 minutes in a trading day, so 180 doesn't go into that evenly and it leaves a very small 30-minute bar at the end. Perhaps the last 30 minutes of trading are like an entire 180 minute bar, so that may be your reasoning. 195 would split the day into two even pieces or 130 minutes would split it into 3 even pieces. I wonder if that would help or hurt the signals. Curious to see how it would alter the success of the system. All the best, Tim 4:09PM EST, Friday, March 28, 2014
ct586283
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Hi Tim, I may have mentioned this before but I only get to check on my stocks 3 times per day and the 180 minute FREE chart. I think you may have seen my other charts before and once set the times evenly at your end, but I am not a "PRO" subscriber I can't set the other minute settings you mention (unless I am wrong). I just found what seems to work best for AAPL movements. I might be breaking some Technical Analysis rules by using 180minutes but I am able to look at my chart at 9:30 in the morning then at 12:30 at lunch and then a half hour before the market closes at 3:30pm. If all signals point in one direction I hold but if I have two signals trigger I will look to other analysts, like yourself or Fibline or other AAPL followers, to see if someone has done more in depth analysis or has found some other definitive pattern. Also, I can't express how valuable your advice and charts are. If you want to reprint the chart at one of the other time frames I would be grateful to see the patterns. But I do understand you have your own busy schedule. Thanks for your comments.