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If you run a 1 minute chart with 10 period ma, and then throw on a 50 pma
and a 300 pma you're still looking at a microcosm of data. I don't care how
long and hard you look at it, you will never get the larger picture which
you will see looking at a 5 min chart with 10 pma and a 30 min chart with 10
pma. If you trade daily, you should be looking at weekly and monthly charts
to get the larger picture.
Earl
-----Original Message-----
From: Philip Schmitz <pschmi02@xxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, November 11, 1998 4:20 PM
Subject: Re: Multiple Time Frame Question
>Don't understand, Ira. Since Elder has been
>mentioned as an advocate of multiple time frames,
>what's the difference between Elder's use of an
>EMA(13) for his first, long term "market tide"
>screen, and Goslin's 10-week moving average as a
>long-term indicator.
>
>> This doesn't qualify as multiple time frames. It
>> is multiple moving
>> averages.
>
>This is where I'm not getting it. How do you
>define the time frames? Could you shed some light
>on this? I thought if I set the data to "weekly"
>and dropped a 10-period moving average on it I
>would have an indication of a trend in a weekly
>time frame.
>
>> the other favorite for longer term traders is MA
>> of 10H, 8L,3C. Cover shorts as 3C crosses 8L go
>> long when 3C crosses 10H. Reverse for the down
>> side. I am not a MA advocate, but if that is
>> your thing, here is something to occupy your
>> time.
>
>No, mistaken though I may be, my interest lies in
>the "multiple time frame question. From what I
>recall, Goslin is not about moving averages
>crossing. Thanks, though.
>
>Philip
>
>
>> Ira.
>>
>> Philip Schmitz wrote:
>>
>> > Not to mention Chick Goslin's Intelligent
>> Futures
>> > Trading (thank you Steve Karnish for the tip).
>>
>> > Goslin uses a "Direction Line" (long term
>> > indicator: 10-week moving average); a "Timing
>>
>> > Line" (short term indicator: MA(2) or (3) or
>> (4)
>> > minus MA(9) or (10) or (11)); and finally a
>> > "Confirming Line" (intermediate term
>> indicator:
>> > an MA(13) of the "Timing Line".)
>> >
>> > This is one of those topics, I think, where it
>>
>> > would be REALLY HELPFUL if some of the
>> experienced
>> > traders out there would step up to the plate.
>> >
>> > Hello?
>
>
>
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