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I am looking at your commented chart that you attached.
Can you do us all a favor. Take that same chart, stripped of everything except a dual DMA with fast at 7, and slow at 11. Watch the cross overs line up to about where you recommend taking positions.
Also, if you take off all the indicators and just use the candles themselves with nothing else, I could make a very similar case.
It is not my intention to be negative, rather I think a lot of traders may slip down the slope of believing that they can eliminate pain by using this. The bars themselves tell the story. After the candles stopped going higher (made a final higher high), it went lower and vice versa.
I don't understand the need to complicate everything. It's as though there is some magic or something that will predict the market, when in fact the market tells you exactly what it is going to do by it's price action.
Again, I would be curious to see a DMA or SMA (median, not high or low) with 7/11 samples. I would do myself, but I don't have the wiz dilio.
Can you help answer these questions from other members on NexusFi?
DMA 7/11 is just a line with "Color Down", "Color Up", and "Color Neutral"; and with MAType settings "EMA", "HMA", "WMA", "SMA", "MAX", "MIN", "VMA", "Wilder", EthlersFilter", "ADXVMA", "ZeroLagEMA", "TMA", "VWMA", etc. Could you please therefore be explicit and clear in your suggested set-up. Are you suggesting two MA lines ? And which MAs ?
lolu, here's a screenshot of what he was talking about & a chart template I've named SevenEleven_TF_MR12, if you're interested in trying it out.
It uses the following indicators:
DoubleMAPaint_SharkyPkg (probably in the Download section)
d9ParticleOscillator_V2 (simply because I like this indy)
DynamicSR (to show Support / Resistance areas)
d9PhaseShiftOscillatorC (posted by Cory, today, which allows you to color the price bars based on the indicator above or below the "0" line).
You COULD get by with & trade with ONLY the DoubleMAPaint, as Trade2Win suggested.
After all, it's what you learn AFTER you know it all, that counts!
In the spirit of an open dialogue, I have to respectfully disagree. The market doesn't tell you what it's going to do, only what its done by its price action. Anyone who thought a HH or LL breakout would lead to further movement in that respective directon only to see price stall and become chop or reverse can attest to that.
Blanket statements about market behavior which, for the most part, is random can be harmful to your account.
Zoe, I agree! He did make a valid point, however, about confusing the issue by placing too may indicators on a chart, such as I had done in the HolyGrail thread. It was my first experience posting in this forum & I was excited about all the nifty new indicators I'd run across & picked the best of the best, so to speak and wanted to share it with others. That was my EGO speaking out. In support of the HolyGrail set of indicators, I have had a lot of positive feedback, much of it in the form of Private Messages thanking me for it & how it has helped some in their trading. That was my only intention - to share something that helped me. For the longest time I was "sure" when price was going to reverse, only to git bitten, once again. This setup, although I'm not using it anymore, helped me tame that egoism, by simply following the indicators and not doing something contrary to what they were indicating. Training wheels, so to speak. It's not the HolyGrail, as that does not exist, but there are definitely some indicators out there that can help people in their attempt at winning more than they lose, as I had been doing (in SIM) for a very, very long time. Again, thank you for your post.
After all, it's what you learn AFTER you know it all, that counts!
Hi
I am trying to find the d9particle oscillator & d9 phase oscillator.I could not get them , thay are not in the zip files.
Please anyone can tell me where are these indicators
thanks
RAjafx
I wonder if there are any indicators out there not dealing only with price in a new or different form. I guess that the volume f.i. big traders against small or multiple timeframes or velocity of the price change could do a lot for giving more indication of future price developement.
I would appreciate any hint. Wolf
