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What do you mean that the trend line is floated until the 12 ma crosses it? The floated part is what I don't understand. Tomorrow morning I will post the info for two trades I took today.
Thanks for the assistance and the willingness to help! :-)
-Alli
Sent from my iPhone
Can you help answer these questions from other members on NexusFi?
Hope this picture will clear most doubt about his floating trend line.
One has to start base trendline to initiate the the process. In this pic Pink trendline is that base trendline which started from actual cross-over of MA....after that all child trendline will emerge from crossover of faster MA and prior trendline.
chart 1 - 1 hour chart - no short trade has been set (grey ) still barely above trendline --note all the orange and pink turns -will give you and ave time in a long or short trade to help with front distance
chart 2 --daily chart - long side still in play also - i dont know the time line of your trading style -good luck on this trade
:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
this trade is still in long mode- the 60 area was sure a nice long entry looking at the time from the green ma to the red active trendline - would recheck this trade on or around sept 5th for a short - in its current state - remember i am not calling tops or bottoms with this system - its to just ride the coattails of the algo trades
:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Thanks for taking the time to mark up those charts for my entries. :-). Greatly appreciate it. It's always a learning experience to see different perspectives on your trades.
I studied some explanations for your method that others have given as well as numerous examples of what you have shown on how to draw the trend lines. Makes perfect sense now.
Now what I would like to know is what triggers an entry for a long or short position as well as what triggers a sell or cover to get out of a position?
On the SPX and IOC charts that you marked up for me, what MA values are you using there? Did you use both on he daily and 1h charts?
In the image here, you show trend lines 1 and 2. When you have a line set sand a new high or low is made you just move that trend line and not make a new one like in this image? I think you had both in the image to show how it was moved after a new high was made but wanted to just check and make sure. Banks again, this image was most helpful.