pthomas215
1,251 posts
msg #132924
- Ignore pthomas215 |
11/30/2016 2:21:32 PM
INDEED..IT IS :) my favorite filter now.
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shillllihs
6,046 posts
msg #132925
- Ignore shillllihs
modified |
11/30/2016 2:27:15 PM
Has anyone backtested it?
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pthomas215
1,251 posts
msg #132928
- Ignore pthomas215 |
11/30/2016 2:39:48 PM
I havent back tested any more than eyeballing it. However I have only lost money with either a) elections or b) getting in too early. that's what Im going to use it for. certainty around a swing trade and great confidence in the entry. I havent seen a situation with it where you got in and couldnt do at least a 1 day swing trade on it.
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SAFeTRADE
646 posts
msg #132964
- Ignore SAFeTRADE |
12/1/2016 10:57:28 AM
The Q's signaled a sell yesterday on MACD as well as ADX, The SPY is close to a sell signal. Only the
DIA is continuing to make new highs. Banks and Oil carrying it up? Just sayin' Use caution.
Safetrade
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pthomas215
1,251 posts
msg #132966
- Ignore pthomas215 |
12/1/2016 11:34:12 AM
safetrade, when you look at vxx in terms of macd plotted on price, price is pretty close to closing above macd. would you agree that the vix etf's are close to being a buy on a swing trade? thoughts?
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SAFeTRADE
646 posts
msg #132968
- Ignore SAFeTRADE |
12/1/2016 12:57:35 PM
yes, I agree. Taking the 3 indexes into consideration as stated in my last post the DIA is now forming a spinning top which shows indecision anything can happen and usually does. Yes there is presently a buy on the VXX and a sell on the XIV. Remember this an EOD signal. So, it does appear there is going to be a signal today. Use caution and stops.
Safetrade
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jackmack
334 posts
msg #132975
- Ignore jackmack
modified |
12/1/2016 1:50:54 PM
SAFeTRADE
Just an observation from the charts - to prevent potential whipsawing if one monitors the histogram and a value approximately -1.00 or less on a down day means the change in trend is not at hand and look for a bounce.
Again - just an observation to keep from getting bucked about.
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SAFeTRADE
646 posts
msg #132976
- Ignore SAFeTRADE |
12/1/2016 1:55:57 PM
not sure I understand what you are saying or refering to.
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jackmack
334 posts
msg #132978
- Ignore jackmack |
12/1/2016 2:07:34 PM
Looked back - I should have stated that it was on the JNUG and JDST charts and NOT XIV and VXX.
Mainly I had just reviewed the charts and noticed in those longer periods where there was a lot of back and forth that a negative day in either one was "usually" reversed back up when the value of the histogram was -1.00 or less and that by NO means meant it didn't continue to fall the next day or the day after that - it was just an observation and not sure if it could be quantitatively measured in any type of back testing.
That was all I was trying to communicate.
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SAFeTRADE
646 posts
msg #132984
- Ignore SAFeTRADE |
12/1/2016 5:12:06 PM
OK, the bus arrived. I am in at 28.94, set a profit stop at 31.83 and a stop loss at 27.40.
safetrade
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