sevensa

You also get divergences at the same place with 8 period RSI, 8 period Momentom (ROC) and regular MACD with default settings and my guess is that you will see that with any type of oscillator. I am not saying the indicator is not useful, but in this case it is not giving you anything different you cannot get with a regular indicator. Also if you look at the chart, you will see the 2nd bottom is made on much less volume than the previous one, indicating that there might not be much interest taking it lower. Be careful not to fall into a trap that just because an indicator sounds complicated and fancy, that it will give you anything different than you already can get with less fancy indicators, or just by looking at what the chart is telling you.

What is the real purpose of your "recommendation" then if this is not meant to be of any help to anyone?

Why? Because you say so, or is there some kind of reasoning behind it?

If I miss a trade, I wait for the next one. There is always a next one.

Not sure what this proves either, or that this is even a MA crossover system for that matter. This is pretty easy to curve any system and post a screen print of a profitable sample. However, I have no interest to get into an arguement about this. If you are happy with your MA crossover system, assuming this even is one, then good for you.

I think this is pretty common knowledge that moving average crossover systems are not profitable. Applying a known non profitable trending system to a market doesn't prove that the market is non trending; it proves that the system as applied is not profitable.

Yes, so follow your own advice and just... stop. But since you just have to have the last word, I doubt you will until you are the only one left posting here. LOL. Too late for that. You have done this already. How about you start?

As can you. You have stopped contributing anything of value a while ago and has chased everyone else away who was. As far as I can see, this thread has run its course and can just as well be closed, or you removed from it to get it back on track.

We can probably quickly go through few pages as well if one ask the question about is "this hammer" or "shooting star" a valid buy or short since not all hammers and not all shooting stars are buy and sell signals if you don't place them in context and look at the background and where they occur. With candle patterns, there will be some people profitable and some not, as will there be with VSA. Posting a P/L statement doesn't say anything about VSA, Candles, Mooncycles, etc; just the trader. I for one have seen no prove in the P/L thread that trading candle patterns work; just that some traders are profitable with whatever method they are trading.

Hi Brown Maybe a bit off topic, but you opened the door with your candle commets... Feel free to move somewhere else to keep this thread on track with gaps. I've only been using very basic candle patterns up to now and is trying to expand a bit on that. When you say at point 2 that there were nice looking candle reversals, what are you looking at? Is it the two small bodies showing uncertainty after the wide up bar followed by the engulfing looking down bar that happened at the right place, i.e. against a possible resistance zone?

UT = UpThrust SOT = Shortening Of Thrust

Just a friendly suggestion since you are new here. This could be useful looking at the posting date when you reply to them. This looks a bit strange welcoming a guy who has made his post almost 3 years ago.

If you have to ask if you were lucky or on the right path, then you probably were lucky. Were your trades executed and managed according to your trading plan? "Every once in a while I'd make an automated trade when a stock looked good." is not a trading plan.

Before asking questions like this, read up and find out what ATR indicator shows? ATR = Average True Range. It has nothing do with the price level. A simple google search will give you more than enough information to answer the question yourself. I know this is always easier to just ask someone, but finding out things yourself will be much more benefecial for you in the long run.

You should look which one meet your requirements the closest.

Check out: Trading-Naked The site is a bit disorganized. Scroll to the bottom and click on some of the links. There are lots of good information on the site.

Amazing how all the good you have done and respect gained so far on here can be undone in 4 words...

I know I am not answering the question you have asked, but I am wondering why you want to daytrade if you don't have time for it? Why are you trying to force a solution, instead of doing EOD trading from daily bars until you can afford to quit and then have all day to daytrade?

I was only giving you helpful suggestions on how to get questions answered. The only snide remarks are yours. If you look at the posts you referenced, you'll see that they both are of the general type of "how do you use this". This is such a vague question that can have 100's of answers and you expect someone to guess what it is you really look for. Probably why they weren't answered. This is not even clear from the question if the person asking the question even know how to use Excel and I doubt many people here are interested in teaching someone how to use Excel. Asking the same vague question 3 times is not going to get it answered. Specific questions might. On the other hand, insulting the forum you are asking questions in in your 4th post, is probably not going get you much help either.

Why didn't you ask that then? Instead all you asked was: "Still no one giving basic guidance on how to use the spreadsheet...? Think I'm the 3rd person to ask, thanks... " How would anyone be able to deduct from this what you really are looking for? If you want a specific question answered, this is would be better if you actually ask the specific question and not expect people to guess what you really are asking.

There's a couple of his on the video section on here. Some useful tidbits here and there, but I wouldn't call them superb.

I guess if one does not provide clear buy/sell signal rules with something, that this is not enough for some people...

I am glad you find it useful. I think in the newer versions of Multicharts, one can have paintbars on candles, but the older version I have, one can't, so I am simulating candles. I am basically plotting a regular bar chart and overlay it with a paintbar painting between the open and the close of the bar and increase the width of the paintbar about twice that of the width of the regular bar, so it looks like a candle. Below is the code. If you change input CandleSim to "False", it plots the whole bar for when you want to use regular bars. If you want to simulate Candles, set the input to "TRUE" and plot it over regular bars. The bars also might not always match the colors on the volume histogram. I only paint no demand/supply when the volume is lower than the last two bars AND the range is lesser or equal then the previous bar. If you don't like that, just remove the "and range <= range[1]" section from the if statements. inputs: UpColor(Green), DnColor(Red), NoDemandColor(DarkGreen), NoSupplyColor(DarkRed), CandleSim(True); vars: color(0), Vol(0); If BarType >= 2 then Vol = Volume else Vol = Ticks; color = White; if C > O then begin color = UpColor; If Vol < Lowest(Vol,2)[1] and range <= range[1] then color= NoDemandColor; end else if C < O then begin color = DnColor; If Vol < Lowest(Vol,2)[1] and range <= range[1] then color = NoSupplyColor; end else begin if C = O then color = White; If Vol < Lowest(Vol,2)[1] then color = Yellow; end; If CandleSim then plotPB(open,close,"VSA Candle",color) else plotPB(High,Low,"VSA Bar",color);

You can get very impressive optimization results with pretty much any system...

Looks to me that if you have waited to get to your resistance/support area and entered one tick below (for shorts)/above (for longs) the low/high of the previous bar and keep adjusting it one tick below/above the previous bar until filled, that most of the 7 trades would have worked.