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Old 02-27-2007, 09:19 AM
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Piprippy

Quote:
Originally Posted by PipRippy
Here is a example of a paper trade I just took:

You mentioned that you use the instant trendline indicator you indicator you made as a filter for trades. This trade is taken on a hourly chart- so the daily timeframe is 2 periods above- but the trend direction is same.

The Fisher Transform and center of gravity are signalling buy etc..

The multi-timeframe instant trendline (image 2) has rising angle signalling buy trades only...Red above Blue means uptrend,and the opposite means downtrend
Any thoughts on timeframes and indicators? ..tfs,ok,4h and d1 as trendfilters for 1h trading ..indicators use the "fisher transform for cgo.." posted by bluto,it is ,by far ,the best oscillator,jointly with the fisher transform for stoch..,from the ehlers set..you can apply it to center of gravity,cyber cycle ,rvi or rsi..i prefer to apply to center of gravity or cybercycle,preferably the first..set the period at half the dominant cycle of your trading tf
[b]Which oscillators do you like in what situations? Should you use a instant trendline 4hr as a filter for 1hr trades?[/B]..see above..you can use 4h or d1,if both agree the best situation..
What is the difference between Bluto's instant trendline indicator and the instant trendline filter? none from what i saw

Man, by the time I am done writing this post- this trade has taken off!! I wish I was using a real account instead of play money!!

thanks again,

Rippy
Hi PipRippy,

Hope the above comments help you..take your time for reading about Ehlers papers about fisherization of his indicators and you will understand why i recommend that you use only fisherized versions of them..as recommended by Ehlers in cybernetic...book.
Basically,prices do not follow a gaussian distribution,so we apply the fisher transform to normalize price moves and then we apply oscillators within the normalized range..so,overbought and oversold have a meaning

Simba
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