sixbuttons replies to: Index basket trading


{quote} What is this Trend Dashboard 2. ? And which MTF indicator are you talking about?

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Here’s Trend Dash Board 2 in action. I’m not sure how it works but each of the four trend indicators are based on slightly different criteria. In this example we’ve had some resistance with USD and the short term trend of the market is very much down, as well as a 34/14 moving average cross. What would stop me entering now is that the daily trend is 50/50 – I’d be inclined to either wait for a pullback and more resistance to be created or 3 of the daily trend indicators switching to down.

I don’t think it’s too different to the momentum indicator you use Degolep

This did me well for AUD and GBP today, but in this example you could easily argue most of the move has been missed.

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