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mkp14

ER2 TTM_5014_Slingshot

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Nice clean chart Mkp... can you tell exactly all indicators and inputs? please keep posting, this is a very nice argument to work on,posting will help you a lot and we will keep interacting.... cheers Walter.

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Hi Walterw

Thx for reply

Here is exeplation of all Indicators on 55tick chart

 

1. TTM Trend.ELD

2. EMA (21)

3. EMA 8

4. EMA 200

 

Subgraph 2

 

1. 500cci.ELD ( By Walterw)

2. Added 14cci on top of it

 

Subgraph 3

5.2.2 (h+l+c) Stochastics slow

21.14.7 (h+l+c) Stochastics slow

 

mkp14

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Guest cooter
Hi Walterw

Thx for reply

Here is exeplation of all Indicators on 55tick chart

 

1. TTM Trend.ELD

2. EMA (21)

3. EMA 8

4. EMA 200

 

Subgraph 2

 

1. 500cci.ELD ( By Walterw)

2. Added 14cci on top of it

 

Subgraph 3

5.2.2 (h+l+c) Stochastics slow

21.14.7 (h+l+c) Stochastics slow

 

mkp14

 

Interesting chart.

 

Just curious, though. What's the purpose of the 200EMA on your chart for? Maybe a 50EMA might be more useful here (seeing that you've got a 50 cci on there)...

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Interesting chart.

 

Just curious, though. What's the purpose of the 200EMA on your chart for? Maybe a 50EMA might be more useful here (seeing that you've got a 50 cci on there)...

 

HI Cooter, obviously we will see his reply on this.... my opinion on that 200 ema is that it helps to show the overall larger trend plus a clear reading of momentum as his smaller emas are quite far from ema 200... wich suggests the market its trending.... if his small emas get to near the 200 ema we know market is sleeping....

 

mkp : you said cci is on input 500... seems is set to 50 is it ? wich would be more logic on 55T... cheers Walter.

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Glad to help mkp... now tell me, what would be the exact entry criteria there, wich indicator will be king to give you the entry...? I like your stoch crossing back up that 20 line... at least on this ocassion...

er2m7_test3.png.64d989d973a7bf367a841dae45cf1421.png

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Hi Walterw

Thx for keep in touch. I have tried 5014 50zlr and 20 schos cross so far 5014 give me let entry does not give me enough room for stop while 20cross worked out good and now I am testing 5014 cross at -50 line not zero and also +- 100 line on cci is major support and resistance in chart both trade has -100 support and 14cci bounce at

-100 and as soon as cross -50 I enter and it is also conform by 20 sch cross. This I learn from your post of M phenomena to enter at top of M not cross at middle of M so it gives more room for stop.Thx for everything so helpful.

thx

Mkp14

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Hi Walterw

Because it gave me 3 clue

1. trade change short time that was 2nd high

2. Slingshot in 50cci

3. Slingshot in ss

 

Now 3rd trade coming

thx

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Hi Walterw

3rd One is MOF (Money on Floor) When both longer and shorter term ss cross to gather it is possible trend reversal and i took it and it was conform by 133t chart

Mkp14

ER2H7-0053.thumb.png.781de89f01a5a41289cd6bbc2fcb43e6.png

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mkp14

 

Looking for confirmation signal from two momentum indicators on your 55t chart seems unreasonable for me. They repeat themselves and you probably need something with different nature.

The TTM and moving averages combo also have similar value as a trend definition. Removing the lines and using any kind of channel will bring a visual clue for the key area.

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Hi Walterw

Yes I would take this short Why?

1.Slingshot

2.50cci Fail to cross -100

3.As You say distance and slope of 21ema

4. See how many time 50cci in red zonel and 14cci bounce fron zero(zlr)

Thx

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Hi all

I re read original document wrote by Buffy and Jimmer about slingshot setup and I made replica of his thought and here is the result. Please give suggestion and improvement as especially from walterw. Whole day today bline never give long setup.

Thx

Mkp14

ER2H7-0061.png.1c35e7817caf42fac4f78cf88913a5a0.png

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