nikoschopen
2,824 posts
msg #44035
- Ignore nikoschopen |
5/22/2006 11:32:04 AM
Alfie sez: Well, that may very well be true...BUT...are they "WALLSTREETGENIUSES" ?
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Well, damn, we have our very own motley fool at last!
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BFreshour
139 posts
msg #44036
- Ignore BFreshour |
5/22/2006 11:48:09 AM
Self proclaimed genuises don't count. You have to be elected to that position.
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nikoschopen
2,824 posts
msg #44038
- Ignore nikoschopen
modified |
5/22/2006 12:09:31 PM
Yup, the wretched genius must be a sight to behold. Whoever said stupidity is the mother of ingenuity?
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txtrapper
548 posts
msg #44043
- Ignore txtrapper |
5/22/2006 2:04:48 PM
MACD Magic breakdown;
VASO +26.67%
BSM +18.02%
ARCI +13.71%
DECT +14.78%
I've completed my analysis. I did not do this research to challenge anyone, I did it to find out for myself it the MACD Magic had merit. I find it makes no significant difference in performance if the MACD fast/slow line is above or below 0 and that's the bottomline.
Suprisingly, the largest number of % gainers in the NASDAQ,AMEX,NYSE today 5/22 had the MACD fast/slow line below 0 at the open.
Facts speak for themselves.
TxTrapper
Come join a good group of helpful individuals, pumper's need not apply!
http://finance.groups.yahoo.com/group/bottomlinestocks/
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WALLSTREETGENIUS
983 posts
msg #44063
- Ignore WALLSTREETGENIUS
modified |
5/22/2006 9:46:02 PM
- DELETED BY THEMIGHTYRIGGS HIMSELF -
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nikoschopen
2,824 posts
msg #44064
- Ignore nikoschopen |
5/22/2006 9:59:38 PM
Obviously, Ragg likes to spill vitriol to his detractors rather than give a coherent defense for his filter. At the very least, Trapper took his time and effort to get his point across. Well, there certainly is no accounting for taste when it comes to "WallStreetCryBaby"!
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alf44
2,025 posts
msg #44065
- Ignore alf44
modified |
5/22/2006 10:04:11 PM
...firstly...I DON'T use a 12/26/9 MACD (I use a 3/10/16 Price Oscillator) !
...secondly...I DO believe that trading ABOVE the MACD ZERO LINE IS...a prudent and sound strategy !
...thirdly...txtrapper...YOU ARE WRONG...and "JESUS" is right !!!
Dear Gawd...tell me I didn't just say that !!! LOL
Regards,
alf44
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nikoschopen
2,824 posts
msg #44067
- Ignore nikoschopen |
5/22/2006 10:19:22 PM
If I'm not mistaken, Trapper's claim wasn't so much that trading below or above the zeroline isn't important as that it makes no difference in the near term. From that perspective, I would chime in that he's quite right. This problem wouldn't have risen had that Ragg kept his place in check, but he keeps switching from being a day trader at one moment to a position trader at another with convenience whenever his twisted filters are challenged. But, then again, he's not nuanced enough to know the difference between a day trading and position trading.
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alf44
2,025 posts
msg #44070
- Ignore alf44 |
5/22/2006 10:32:15 PM
...as I said...
"Dear Gawd...tell me I didn't just say that !!! LOL"
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Too late !
I said it !!!
But let me just say this...
There are "Trend Following Set-ups" (as "Jesus" has referred)...AND...
...there are "Counter Trend Set-ups" (as txtrapper has referred)...
KNOW YOUR SET-UP !!!
Both are valid...BUT..."TREND FOLLOWING SET-UPS" are HIGHER PROBABILITY TRADES ! imo
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Believe me...I'm cringing at the thought of being in agreement with "Jesus" on this argument...but...if I bust his balls for being a schmuck...I have to at least be just as outspoken when he gets it right...FOR ONCE !
Regards,
alf44
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TheRumpledOne
6,529 posts
msg #44097
- Ignore TheRumpledOne |
5/23/2006 1:45:57 PM
Focus on the MESSAGE and NOT the messenger.
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