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Ron,
Even though they are very geared to training/trading solely the Forex market, Lightning Strikes does also work with stocks, bonds, mutual funds, etf's, indexes, treasury instruments, interest rates, futures, and commodities. They focus their efforts on just the 14 major currency pairs so that during the free training with or without purchase of LS they are not opening and closing dozens upon dozens of charts. And with just opening several different time frames multiplied by the number of currencies they are observing would be enough to hopefully not confuse people, but learn to trade LS. Which is their goal, how and not what to trade. And out of the thousands of charts I have opened, I have only seen a few that LS would not work on. Mainly the very low to say no volume, no movement, no demand penny stocks, that I would not trade anyway.
Unless and until you see LS real-time or even the recorded training sessions and learn the ways of trading it, you can't see the White Lightning indicator striking twice on a static chart. But when it does, not once or twice but strikes 3 times, real-time, be ready to trade. That's what happened on the DJI daily chart today. I am posting a layout of 6 charts in files section (Burt's). (DJI 1-25-08 6 chart frame) has a 5min, 15min, hour, 4hour, daily, and weekly chart. Now on the 5min chart with all the indicators at top equals the one White Lightning indicator at the top on the daily chart. The 1min chart (not shown) signaled to exit long /sell short, which I took at the close of 9:35 bar. So whether the indicators are multicolinearity (I don't know), I can trade them. But I did enjoy learning what multicolinearity means, thanks. If you had not provided that link I might have gone nuts trying to figure the meaning.
Burt
----- Original Message ----
From: rsb_44 <rsb_44@xxxxxxxxxxx>
To: equismetastock@xxxxxxxxxxxxxxx
Sent: Friday, January 25, 2008 5:07:22 PM
Subject: [EquisMetaStock Group] Re: turnning point indicator
Burt -
Lightening appears to be a $5000+ add-on geared to Forex trading.
Hope it does strike twice since that's the whole idea. One has to be
careful in the use of multiple indicators to avoid multicolinearity.
http://bollingerban ds.com/services/ bb/?page= 6
If the concern is to find an indicator that works both on a longer
and shorter time frame, consider looking at the same indicator(s) on
a daily, weekly and monthly chart. This is readily done in MS. It is
held by many traders that strong trends show up in all three time
frames.
Ron
--- In equismetastock@ yahoogroups. com, Rod Whitley <rbw1226@xxx >
wrote:
>
> Gemms I agree with Bala. But trading with moving avg crossovers
(while fair) are to me too late for entries or exits. If you are just
starting to learn about technical trading then a good site to go is
stockcharts. com http://stockcharts. com/school/ doku.php? id=chart_ school
> Has basically all you need from fundamental to technical terms.
Plus stock screens, charts, public chart lists, and much more useful
info. And here are a few more sites.
> http://finance. yahoo.com/ education
> http://simulator. investopedia. com/
> http://simulator. zacks.com/
> http://www.fxcm. com/open- free-100k. jsp
> http://www.alpari- idc.com/en/ metatrader4. ..
>
> The best tip I can give you is to try what you learn on demo
trading sites before trading with real money. Then you won't be
losing your hard earned money while you learn the basics. Also you
may find that using several trading technical aspects combined can
confirm each other for entry/exit points. Like using trendlines,
fibonacci, candlesticks, bollinger bands, volume, chart patterns, and
option strike prices (which are every $2.50 (like $5.00, $7.50,
$10.00, $12.50 etc). Now using these don't mean they will turn
exactly at say $10. 00, a trendline, fibonacci retracement line, or
on a dime, so to speak, but they can increase the reward risk ratio
in your favor. Also using leading indicators as their name implies,
leading indicators are designed to lead price movements. Most
represent a form of price momentum over a fixed look-back period,
which is the number of periods used to calculate the indicator. For
example, a 20-day Stochastic Oscillator would
> use the past 20 days of price action (about a month) in its
calculation. All prior price action would be ignored. Some of the
more popular leading indicators include Commodity Channel Index
(CCI), Momentum, Relative Strength Index (RSI), Stochastic Oscillator
and Williams %R.
>
> Another important note, don't trade against the current trend.
Until you can identify the support and resistant levels. I mainly use
Lightning Strikes Trading System to identify my entry/exit points of
current trend changing. And I confirm using some or even combinations
of other technical aspects that I explained above. Example; If you go
to the files section and look at file named Burts (rbw1226's charts)
then look at file DJI 11-21-07 daily.doc and DJI 11-30-07 daily.doc
and I will post yesterdays DJI 1-24-08 daily.doc after I email this.
But you will see I used fibonacci, trendline, and Lightning Strikes
Trading System to confirm change in trends for my entry/exit. Now
LSTS is expensive at $5,000 usd, but it sure does increase my
reward/risk ratio. And has paid for itself many times over. And real
easy to trade. There are 7 indicators (2 short, 2 medium, and 3 long
term) and if volume is reported another one is added (on balance
volume). Plus
> whatever time-frame is used the 2 green horizontal lines are the
support and resistance for that time frame. So when indicators are
all touching the bottom price is at or very, very near support. At
top is at or very, very near resistance.
>
> But I wish you and everyone the best, what and however you trade,
may you be prosperous. And I hope this helps you.
>
> Rod Whitley
>
> ----- Original Message ----
> From: Bala Jeyaraman <sodabottle@ ...>
> To: equismetastock@ yahoogroups. com
> Sent: Friday, January 25, 2008 9:22:03 AM
> Subject: Re: [EquisMetaStock Group] turnning point indicator
>
> gemms,
> there is no universal indicator which stands good for all
securities for all
> the time. But moving avg crossovers usually are fair indicators of
trend
> change but which moving averages for the particular security you
need to
> find out by testing historical data (use enhanced system tester with
> optimization)
>
> On Jan 25, 2008 6:29 PM, gemms <kloush@xxxxxxxx com> wrote:
>
> > are there a unique indicator for point on a long term tred or on
short
> >
> >
> >
>
> --
> Beauty lies in the eyes of the beer holder
>
> [Non-text portions of this message have been removed]
>
>
>
>
>
>
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