Rationalize Posted November 11, 2009 Report Share Posted November 11, 2009 Buy green bars. Sell red bars - far far too mechanical an approach. Looks at how many times gold held support at the 5min 900d yesterday. Unfortunately I did not buy it as the daily looked like it might roll over but once again the 900d worked its magic. On a 5 min chart, what does the "d" stand for in 900d ? Link to comment Share on other sites More sharing options...
Rationalize Posted November 11, 2009 Report Share Posted November 11, 2009 Buy green bars. Sell red bars - far far too mechanical an approach. Looks at how many times gold held support at the 5min 900d yesterday. Unfortunately I did not buy it as the daily looked like it might roll over but once again the 900d worked its magic. Also, looks like mech did ok on yesterday's 5min gold. [Purple is 900.] Link to comment Share on other sites More sharing options...
Lemur Posted November 11, 2009 Report Share Posted November 11, 2009 On a 5 min chart, what does the "d" stand for in 900d ? 900day sma. Link to comment Share on other sites More sharing options...
Rationalize Posted November 11, 2009 Report Share Posted November 11, 2009 900day sma. * I think that might work out to 900 * 5 min = 4500 mins = 3.125 days. [24 hour contract]. As in, the 900 is 900 bars, rather than days. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted November 11, 2009 Report Share Posted November 11, 2009 Well, i got stopped out at 1098.25...... We've gone up over 80 ES points off the lows in less than 7 trading days. Now, that's impressive. Link to comment Share on other sites More sharing options...
Lemur Posted November 11, 2009 Report Share Posted November 11, 2009 Also, looks like mech did ok on yesterday's 5min gold. [Purple is 900.] Thats one instance but you did say above it does not work as a rigidly applied approach. Gota add that human eye as a filter. Link to comment Share on other sites More sharing options...
swordfish Posted November 11, 2009 Report Share Posted November 11, 2009 http://www.ritholtz.com/blog/wp-content/up...mic-Changes.png Link to comment Share on other sites More sharing options...
Rationalize Posted November 11, 2009 Report Share Posted November 11, 2009 Thats one instance but you did say above it does not work as a rigidly applied approach. Gota add that human eye as a filter. Yup. Fails mechanical backtest. But so does everything else. Seems humanity is the key to success, or damnation Nice charts though, no? Link to comment Share on other sites More sharing options...
Lemur Posted November 11, 2009 Report Share Posted November 11, 2009 Well, i got stopped out at 1098.25......We've gone up over 80 ES points off the lows in less than 7 trading days. Now, that's impressive. Guess they just had to get all of those stops above 1100. I am short here just off the highs but its hanging tough so far. Link to comment Share on other sites More sharing options...
Lemur Posted November 11, 2009 Report Share Posted November 11, 2009 * I think that might work out to 900 * 5 min = 4500 mins = 3.125 days. [24 hour contract]. As in, the 900 is 900 bars, rather than days. True, I just call it that (incorrectly). Link to comment Share on other sites More sharing options...
Lemur Posted November 11, 2009 Report Share Posted November 11, 2009 Guess they just had to get all of those stops above 1100. I am short here just off the highs but its hanging tough so far. Out for a 1pt loss. Just cannot seem to get anything going on the downside. Need to listen to the G20. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted November 11, 2009 Report Share Posted November 11, 2009 If this move sticks until the open, we'll gap over the 52 week highs. How nice. We might get a stampede to 1110 with all those folks caught in the 1095-1098 area. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted November 11, 2009 Report Share Posted November 11, 2009 I would hate to know what happens if we take out the top of this channel. Melt up into Christmas? Dow 12K? Link to comment Share on other sites More sharing options...
Lemur Posted November 11, 2009 Report Share Posted November 11, 2009 If this move sticks until the open, we'll gap over the 52 week highs.How nice. We might get a stampede to 1110 with all those folks caught in the 1095-1098 area. Looks like your observation the other day that the hard thing to do was to buy the strength was the right call. Meanwhile, I dont like been out of gold here. Link to comment Share on other sites More sharing options...
Lemur Posted November 11, 2009 Report Share Posted November 11, 2009 USDCHF still showing signs of forming a base here and Aususd signs of rolling over. Link to comment Share on other sites More sharing options...
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