A key point to remember with both candles and fibs is they are giving a signal that something "may" happen. They are not indicating something will happen. Candles always need a confirming candle/price action once the signal condition is presented.
Candles also do not indicate a price destination. That is where the resistance/support levels come in.
Same with fibs. They are saying "watch here" for something to occur.
That should have you ready for any change if it occurs. If it does not, you are still in a better position to front-run the crowd.
D
EGO Sum Qua EGO Sum
Our Lives Are Governed By Various Adaptive Life Principles That Structure The World And Make It Predictable While They Keep Us Locked Into Habitual Routines, Even At The Cost Of Our Creativity And Vitality - Ari Kiev
--- On Tue, 10/27/09, Blitz Krieg <greenrhinos@xxxxxxxxx> wrote:
From: Blitz Krieg <greenrhinos@xxxxxxxxx>
Subject: Re: [EquisMetaStock Group] Is there any indicators to confirm MACD Histogram?
To: equismetastock@xxxxxxxxxxxxxxx
Date: Tuesday, October 27, 2009, 4:19 AM
Mr Distingue,
Thank you for advice. I will try it.
Blitz
From: Mr Distinque <distinque@xxxxxx com>
To: equismetastock@ yahoogroups. com
Sent: Mon, October 26, 2009 12:37:37 AM
Subject: Re: [EquisMetaStock Group] Is there any indicators to confirm MACD Histogram?
Try switching to candlesticks. They are a huge step in moving towards trading what the market has done to trading the perception of what the market is doing. A hard concept to grasp and trade, but it was an epiphany moment in my trading. What works for me now is a very clean candle chart, horizontal support/resistance lines, fibs and a 8,3,3 stochastic. Note I only use the fibs to identify congestion/consolid ation areas. Use the same format across all times frames in equity and Forex markets.
D
EGO Sum Qua EGO Sum
--- On Sun, 10/25/09, Patrick Butler <pat494@xxxxxx net> wrote:
From: Patrick Butler <pat494@xxxxxx net>
Subject: Re: [EquisMetaStock Group] Is there any indicators to confirm MACD Histogram?
To: equismetastock@ yahoogroups. com
Date: Sunday, October 25, 2009, 1:14 AM
The trouble with all indicators is that they lag in time. They tell you what has happened but not what will happen and that is THE problem. Having found by experience that to be true most people give up, after becoming a lot poorer than when they started. Anyway a lot of fun trying
----- Original Message -----
Sent: Saturday, October 24, 2009 5:29 PM
Subject: RE: [EquisMetaStock Group] Is there any indicators to confirm MACD Histogram?
Try trend line, 50 day moving average, trading band etc
Lionel
I'm watching on of security INDF. MACD Histogram shown decrease since 1st week of Sept even StochRSI maintain in overbought area but the price still increasing. My question is any indicator can confirm this security movement better than MACD Histogram and StochRSI?
|
|