A looming bearish sign

bucks

To share a self-developed indicator on 60min, which is designed to detect the wind change of a trending move. It works quite well, and today it dropped down to negative territory, which means the north-bound movement is in serious danger. Of course, it may be a whipsaw, and requires a confirmation by tomorrow's price action. If it remains negative tomorrow, run away, bulls.

(hard lesson was learned in last 2 weeks by trading against this signal. It didn't issue a buy signal until 08/11 morning, but I was way too early........... hopefully I could be more disciplined by putting this chart here)

多伦多短刀客

回复 bucks 的帖子

这个有点意思. 鼓励发明创造和实践检验.

NewMember

Nice.  Thank you.

quickcow

Please update tomorrow....

NewMember

By the way, could you please update us regularly on this indicator?

wyjhyd

bucks

回复 NewMember 的帖子

I will try

NewMember

回复 bucks 的帖子

Thanks!

wnd4

thanks. pls keep update.

weigoodone01

ByStander

acoust

vanbj

coolboy

coexist

NewMember 发表于 2011-8-17 21:02
By the way, could you please update us regularly on this indicator?

me 2

当时惘然

Thank you very much . What is DTLMA?

永恒罗马

suancai

佩服

bucks

this is no doubt this indicator will be very negative at opening. I certainly will NOT buy any dips now. instead sell every bounce. If it shows signs of turning around,  I will try to post it here. The bottom line is that every time it crosses the zero line, it tends to stay in the new territory  for at least a few days.

李隆基