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dear superfraga,
you are also saying that sometimes market is
not trending, when you say " divergence works best when the market
isn't
trending"
problem is "weekly
and daily moving averges to
figure out which direction to trade in"
these mov avg guys always show a direction to
trade in!!!
but infact this is not correct, sometimes you
should not trade in that direction either because market is not in a trend and
divergences should be monitored and mov avg's are just doing dump swings, or
maybe even you should not trade at all...
the least swinging idicator i know is 200ma.
what i want is an indicator like ADX of wilder to
show if market is tredin -no matter the direction thats generally obvious- or
not trending. but i wasnt satisfied with adx or vhf.. if you forget about the
indicators and look at history, it is possible to draw some bands, when
broken there is a trend, otherwise just moving based on divergences. in tehese
intervals most of the ma trend indicators would suggest swing, or simply drift
inn the way of latest market movement, like moving in the wind without showing
the real sentiment. i want an indicator to show the market is trending or not. i
even tried bollinger bandwith, which i suppose looked better than the others but
still not sharp.
i am currently schaff cycle, but when try to fit
the parameters for a time interval, they simply dont fit the other periods when
tehere is a trend. i know that you'll say no ez lunch, different strategy for
each interval, but there should be some kind of a trigger even to switch between
strategies..
sorry for inconvenoence, but i am spending hours,
days looking at the chart but still couldnt find it out. though i still believe
that there should be something without any swing. is it only the support and
res. that you draw manually? :-)
cheers
----- Original Message -----
Sent: Sunday, January 30, 2005 5:30
PM
Subject: [Metastockusers] Re: RE:MACD
Histogram Divergence kit satisfaction
Hey, Kurekci, you're right divergence works best when
the market isn't
trending. But I don't understand your question about not
knowing how
to find the trend. I've posted several times about how to use
weekly
and daily moving averges to figure out which direction to trade in.
If you aren't sure what I was getting at, ask a few questions.
--- In Metastockusers@xxxxxxxxxxxxxxx, "K U R E K C I"
<kurekci@xxxx>
wrote:
> whatever the system is i would test if
it suits me for some time eh?
>
> divergence is cool, but it
doesnt work all the time, whats more i
suppose it fails generally.
>
> what i found out is especially if the market is trending
the
divrgence trading fails. but if the market is not
trending
(terminology by wilder) divergence trading works.
>
>
my problem is finding out a solid indicator to see if market is
trending or
not...
> maybe a composite indicator i dunno...
>
>
superfraga gave a very different angle to my problem. he said it is
not
important to catch the tred, more important is that you get on it
at a
point and not leave early..
>
> i have to think about it but
still my life would be much easier if i
caolu find something to see if
market is treding or not. : ))
>
> whatever discussio we have we
should preserve the friendly
atmosphere here, right?
>
>
cheers
>
>
> ----- Original Message -----
> From: Jay
> To:
Metastockusers@xxxxxxxxxxxxxxx
> Sent: Sunday, January 30,
2005 12:42 PM
> Subject: [Metastockusers] RE:MACD Histogram
Divergence kit
satisfaction
>
>
> To me a
complete trading system means that it is totally
mechanical and you
> take every entry and exit signal. I have not found
any "complete"
system
> that works with
MetaStock.
>
>
>
> However, while
trying to use the MACDH system for my EOD futures
trading I
> have found several errors in it. Many times, it
fails to generate
signals
> when there is in fact
divergence; it generates signals when there
is no
>
divergence; and the MACDH Exploration at times returns signals
that are not
> identified by the MACDH Expert. Also, the
documentation is
horribly lacking
> and while this
'system' claims to be a MACD Histogram system,
nowhere in any
> of the documentation or in communication with Jose will
he provide
that
> formula for the MACD Histogram
>
>
>
> While Jose is a MetaStock savant, he
becomes a raving maniac when
you point
> out the errors
of his system and refuses to investigate them
claiming that
> his MACDH is "perfect" - as is. That is, he
believes it has no
errors.
>
>
>
>
If you wish to view divergence, you can plot the MACD Histogram
(formula
> below) and watch it for yourself. You do not need
the MACDH
software. The
> MACD Histogram system is
vastly overpriced, has many errors, and
support is
>
very much lacking. The Walter Bressert system runs circles around
it
and is
> much, much cheaper.
>
>
>
>
>
> Jim
>
>
>
> The MetaStock formula for the MACD Histogram is:
>
>
>
> ( Mov( C,12,E ) - Mov( C,26,E ) ) -
Mov( ( Mov( C,12,E ) - Mov(
> C,26,E ) ),9,E )
>
>
>
>
>
>
>
>
> Kathay wrote:
>
> > this is
not a complete trading
> > system but provides great
signals and you will use your favourite
> > money
management methods to beat the market.
>
> Sorry for
my humble question but isn't that more sensible and more
>
marketable to sell it as a complete trading systems?
>
>
> Kathay
>
>
>
>
>
>
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