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This animation is an illustration of a good day trader.....
I have been using ver. 6.51, with Signal, for about two weeks. In my attempt to
find some reasonable combinations of indicators for day trading, I have put
together several that seem to compliment one another.
I believe that the ADX may be a good place to start to find stocks that are at the
point of starting a new trend; what we are all looking for. I use the Explorer
with end of day data for this purpose.
On my real time screen, along with a graph of the NDX and the target stock, I use
the ADX, the Price Oscillator and a stochastic indicators.
With this combination I can see:
1. over bot-over sold situations
2. Trend readiness
3. Confirmations and non confirmations.
4. I use trend lines as well.
_________________________________
What are you other 6.51 jockeys doing? What is working for you?
Anyone getting crashes? I have had one or two; not Win95; just MS.
Be patient. :^)
Larry
_____________________________________
GREHERT@xxxxxxx wrote:
> I hate to bad-mouth the old trusy ADX, but I used to optimize systems with the
> ADX and found they did best with the filter ADX < N; which meant the best
> trades were taken when trendiness was at a bare minimum, i.e. the market was
> resting and ready to explode. Knowing that this was the oposite of the
> standard ADX usage, I lost interest in this clever index.
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<HTML>
<IMG SRC="cid:part1.36029058.FE9CCBC9@xxxxxxxx"; VSPACE=95 BORDER=0 HEIGHT=83 WIDTH=550>
<BR>This animation is an illustration of a good day trader.....
<P>I have been using ver. 6.51, with Signal, for about two weeks.
In my attempt to find some reasonable combinations of indicators for day
trading, I have put together several that seem to compliment one another.
<P>I believe that the ADX may be a good place to start to find stocks that
are at the point of starting a new trend; what we are all looking for.
I use the Explorer with end of day data for this purpose.
<P>On my real time screen, along with a graph of the NDX and the target
stock, I use the <FONT COLOR="#CC66CC">ADX</FONT>, <FONT COLOR="#3366FF">the
Price Oscillator</FONT> and a <FONT COLOR="#FF0000">stochastic </FONT>indicators.
<P>With this combination I can see:
<P>1. over bot-over sold situations
<BR>2. Trend readiness
<BR>3. Confirmations and non confirmations.
<BR>4. I use trend lines as well.
<BR>_________________________________
<BR>What are you other 6.51 jockeys doing? What is working
for you?
<BR>Anyone getting crashes? I have had one or two; not Win95;
just MS.
<P>Be patient. <FONT COLOR="#3333FF">:^)</FONT>
<P>Larry
<BR>_____________________________________
<BR>
<BR>
<BR>
<P>GREHERT@xxxxxxx wrote:
<BLOCKQUOTE TYPE=CITE>I hate to bad-mouth the old trusy ADX, but I used
to optimize systems with the
<BR>ADX and found they did best with the filter ADX < N; which meant
the best
<BR>trades were taken when trendiness was at a bare minimum, i.e. the market
was
<BR>resting and ready to explode. Knowing that this was the oposite
of the
<BR>standard ADX usage, I lost interest in this clever index.</BLOCKQUOTE>
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