Having studied the AdvGET studies in past month, I am struggling a bit with the following set-ups (KC U4 Sep Coffee is example):
After a strong uptrend market stalls and giving some neg divergences in momentum indicators like RSI, MACD. The AdvGET indicators however do not (for obvious reasons) give no sell signal. XTL remains blue until midway decline (benefit of hindsight), GET Osc gives no divergence but just collapses and GET False bar Stoch displays a Black Bar as it did just before the June rally (I often see black bars at times of best reversals!).
Obviously KCU was a great sale at ~8600. In recent weeks, KCU appears to be bottoming but again the Adv GET studies seem to display no buy signals. While traditional MACD, Stoch, RoC, Mom, Acc/Distr, OBV etc display pos divergence and seem to indicate a possible reversal.
Of course identifying good set-ups/entries is game of probabilities, but I noticed that these studies do not really work in comparable situations. Take for example, gold and silver in April (GC Q4, SI N4). (SI had a nice bear flag when XTL had just turned red).
Do others more experienced users have similar experiences? Should I use the AGET studies just for Type I and II setups or can they "reliably" be used for other situations?
I would really appreciate any advice, observations, comments on this issue.
Many thanks
Jeroen
PS. How do I attch proper sized advCharts?
After a strong uptrend market stalls and giving some neg divergences in momentum indicators like RSI, MACD. The AdvGET indicators however do not (for obvious reasons) give no sell signal. XTL remains blue until midway decline (benefit of hindsight), GET Osc gives no divergence but just collapses and GET False bar Stoch displays a Black Bar as it did just before the June rally (I often see black bars at times of best reversals!).
Obviously KCU was a great sale at ~8600. In recent weeks, KCU appears to be bottoming but again the Adv GET studies seem to display no buy signals. While traditional MACD, Stoch, RoC, Mom, Acc/Distr, OBV etc display pos divergence and seem to indicate a possible reversal.
Of course identifying good set-ups/entries is game of probabilities, but I noticed that these studies do not really work in comparable situations. Take for example, gold and silver in April (GC Q4, SI N4). (SI had a nice bear flag when XTL had just turned red).
Do others more experienced users have similar experiences? Should I use the AGET studies just for Type I and II setups or can they "reliably" be used for other situations?
I would really appreciate any advice, observations, comments on this issue.
Many thanks
Jeroen
PS. How do I attch proper sized advCharts?
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