I suppose it would have been less confusing for all if I had simply said - utilise the characteristics of your chart to guide you in future deliberations. ie apply the same trend band deviation width to the current mini trend as for earlier mini trends. anything falling below the lower trend line consider your options.
I don't see that that is all so difficult unless you do not have a reasonable charting program.
the problem I have with the application crossover moving averages and macd's is that the time frames are arbitrary and its certainly not a one size fits all.
for instance mower has difficulty fitting his stencil into the s&p 500 to take advantage of its large gain over the last 6 months or so, but it seems to work well for him with the ftse which in the o/a has had little gain but some nice good sized oscillations which he is taking advantage of.
of course my idea will probably not work on all charts also for instance, the chart concerned may not have any suitable mini trends to utilise, or the circumstances of the company or world economies etc. may have changed thus changing the chart patterns.
but at least it does attempt to tailor a guide for the particular stock or indice concerned
mower - i have made and used a number of assumptions about your personal trading as an example of a point I am trying to make- i am hoping you don't mind to much.
most likely some of those assumptions are incorrect, so please correct them.
i am really interested in other thoughts also rather than necessarily pushing my own ideas
