nmike

The FISHER-TRIX- 34ma system

AMEX:SPY   SPDR S&P 500
6403 40 61
I introduced this FISHER -TRIX system on the chat message board some time ago. A few traders are using it so I thought it would be a good idea to share it with all the members. The basic price trend up is when the FISHER and or the TRIX 10&14 are above mid point and down when they are below mid point. But if we just use the above/below mid point as entries it will often be too late, so this system makes use of divergences, over extended indicators moves, basic candle stick patterns and BB (34) boundaries. Often you will see the TRIXs lines far apart from each other, usually that's a sign the price is over extended, I call this the TRIX BUBBLE. The RSI (14) is a good addition to this system.There is a few more minor guidelines but I'll leave those for next time. Good for all time frames.
Great educational chart. Using it 4 years later..
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Are there any examples of when to short sell with this strategy?
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nmike MOD MattAttack
@MattAttack, example of non divergence confirmed short sell
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nmike MOD MattAttack
@MattAttack, divergence short sell
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Love this.. Thanks
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....a good example that the often used RSI used to look for divergences does NOT always work.....

TRIX covers pure momentum divergences. RSI & Stoch covers price action divergences at overbought/ oversold levels. FISHER covers momentum and volatility divergences...The other type not shown in Fisher-Trix system is the Elder Force Index(13) which covers price/volume divergences.
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Thanks for sharing.

Great system by nmike!
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where i can get this system?
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what do you mean? ..just hit make it "mine"
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....a reliable positive divergence Bollinger Band squeeze breakout setup,what makes this setup extremely reliable is the Trix14 close to mid point and the rest above mid point


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