|
PureBytes Links
Trading Reference Links
|
Bob:
I only have input as it relates to the S&P's. (Used to subscribe)
She has a setup called the 'golf trade'. One-half of the setup
is that the S&P has to close either above or below the 2 Day
ROC. The second half--which is proprietary and I have never
been able to figure out--is some pattern identification filter;
part of which is based on that day's range. When the two agree
one buys or sells the S&P on the close and exits at the next
day's open. I know this doesn't answer you question but it may
be of general interest. This setup is supposed to have a high
win percentage but--as everybody knows--you can get killed
with the volatility implied with holding a position overnight.
Charles
-----Original Message-----
From: Bob Hunt <RHunt.066@xxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Tuesday, March 16, 1999 9:17 AM
Subject: 2 Day ROC Signals
>Philip and I discussed this indicator privately yesterday, and he has
>some very valid points here. I have to admit to making some slight
>modifications to it, so the one that I use is not the "official"
>version as sold by "Street Smarts" publishers, but the concepts are
>the same as explained in the book. I prefer to translate concepts into
>code using my interpretation, rather than others. It just gives me a
>better "feel" for what it is doing.
>
>But this does require further investigation. I was wondering if
>anybody on this list is a subscriber to Linda Raschke's fax service.
>I'd like to obtain a history of her calls with this indicator to
>compare
>it to mine.
>
>In regards to the indicator displayed on the chart, keep in mind that
>it is a 200 minute chart, not a daily. Were you looking at it on a
>200? If not, I'd suggest trying it and see if it is still "jumpy". To
>be honest, I just put this indicator on the chart a couple of weeks
>ago. I'm trying to see how it fits in with the other "cycle"
>indicators that I use. So far, the jury is still out, but I see some
>potential.
>
>I would be interested in more discussion on this too!
>
>Bob Hunt
>------------------------------------------------------------
>
>
>"Nixon(MLS)" wrote:
>>
>> Bob,
>>
>> You wrote,
>>
>> >The "pressure" being applied to yesterday's
>> >market by the 2 Day ROC Sell signal was downward in direction.
>>
>> Further to my email of yesterday and as I said I am no expert on this one
as
>> I don't really use the the Street Smarts 2 day ROC Indicator in my
trading
>> other than as background info and even then only occasionally. Having
said
>> that I still disagree with your interpretation of the "signal" if signal
it
>> be. You were calling for a sell yesterday but the 2day ROC had just
>> flipped up so is unlikely to flip down again without a further up move
which
>> is what we saw yesterday. Today is more likely to be a flip down day
but
>> you have to look at the number which will cause the Indicator to flip
which
>> today is 122-06. Sometimes when you look at where this flip number is
that
>> the market could still be substantially higher and the ROC could still
flip
>> down. In addition having looked at your gif chart your 2 day ROC does
>> seem to be incorrect as it seems a lot more 'jumpy' than the version I
got
>> from the publishers of Street smarts.
>>
>> I would be interested to hear from anyone else using this one who could
give
>> a little more guidance on it's interpretation.
>>
>> Just food for thought.
>>
>> regards
>>
>> Philip
>
|