A buy signal is generated when the indicator is below zero and turns upwards from a trough. No sell signals are generated (that not being its design). The indicator is trend-following, and based on averages, so by its nature it doesn't pick a market bottom, but rather shows when a rally has become established. I just wanted to point out the Fibonacci Time correlation which is clearly there. If you think subjective then look in the mirror.
Comment:
Please support the statements you make. Otherwise it's an insult to those who put time into making a statement.
Comment:
timingthemarket.com/trading-chaos DOT html
can't post links here so replace the fake DOT with a real dot :)
I posted this link in the chat yesterday but it will get lost there. Interesting ideas.
can't post links here so replace the fake DOT with a real dot :)
I posted this link in the chat yesterday but it will get lost there. Interesting ideas.
Comment:
I hope you guys see what I was trying to say by this chart (e.g. recession times and trend booster phases). Feel free to discuss. We can draw a new time projection from 1.272 and it will be relevant for shorter term too.
Comment:
I look at this in terms of basic naked simplicity without getting into statistics though I could. Statistics are good for budget allocations and policy makers. As a trader I'm interested in all natural phenomena.
