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Hi Steve-
What FibCMO looks good for is when it get's oversold is to enter when the
high the next day is higher than today's high. Sell when today's low is less
than yesterday's low - stay in as long as the indicator is rising otherwise.
When I have time to learn TF+ I'll test this out because I know eyeballs can
deceive.
----- Original Message -----
From: Steve Karnish <kernish@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Sunday, September 05, 1999 12:12 PM
Subject: Re: CocoLoco rides again
> List,
>
> Over the last six months I've been using -85 and +5 as the trigger points
> for my trades. Use what feels comfortable, but my clients have enjoyed
> profits from the above numbers. Keep in mind that any major adjustment to
> the trend channel will probably cut into profit potential using these
> numbers. This past year I have moved away from optimized variable and
with
> my quest for the Wholly Grail have standardized all my analysis with
simple
> overbought/oversold criteria. I continue to post the CocoLoco because I
> continue to trade it for the posse and they demand that I trade it until
we
> lose sight of the trail.
>
> Steve Karnish
> CCT
>
> ----------
> > From: Craig Monroe <cmonroe@xxxxxxxxxx>
> > To: List <realtraders@xxxxxxxxxxxx>; metastock@xxxxxxxxxxxxx
> > Subject: Re: CocoLoco rides again
> > Date: Saturday, September 04, 1999 10:09 AM
> >
> > Here's the metastock formula for FibCMO: (CMO(C,3)+CMO(C,5)+CMO(C,8))/3
> >
> > go long when the indicator penetrates -70; go short when it climbs above
> > zero.
> >
>
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