Twiggs Money
| Author |
Message |
     jimdene
Member
Username: jimdene
Post Number: 105
Registered: 07-2005Rating: N/A
Votes: 0
|
| | Monday, January 22, 2007 - 12:21 am: |  
|
I would be interested to know how much twiggs money should be taken into account when deciding on entering a trade, for example xjo twiggs money has been reducing since 8th November although the price has increased $2 in that time, but having entered xjo on a good candle on 14th Dec, I was back to square one on 9th Jan. To date hasn't been all that crash hot, so I may as well have run with twigg's money from the start. Being wise after the event having been taken in to consideration, any thoughts would be appreciated.
|
msparks
Member
Username: msparks
Post Number: 742
Registered: 10-2004
Rating: N/A
Votes: 0
|
| | Monday, January 22, 2007 - 09:08 am: |
|
|
colin_twiggs
Member
Username: colin_twiggs
Post Number: 2872
Registered: 09-2002Rating: N/A
Votes: 0
|
| | Monday, April 16, 2007 - 02:08 pm: |
|
Request received from a reader (John):
Does anyone have the code to display Twiggs Money Flow in Trade Station?
Regards,
Colin
|
bib
Member
Username: bib
Post Number: 5
Registered: 04-2007Rating: N/A
Votes: 0
|
| | Monday, November 17, 2008 - 07:33 pm: |
|
I notice that the long term Twiggs money flow (TMF), ie TMF 13 week registered less than -30 at the lowest point in 2003 for the Aus All ords (XAO). At the moment the XAO has a TMF 13 around -21.
Does that indicate we have a fair way to go down still or the differences have no meaning at all??
I am not sure whether the measurement is absolute only and cannot be used for comparison or it is relative and can be used as such for comparison
Any comments.
|
colin_twiggs
Member
Username: colin_twiggs
Post Number: 3269
Registered: 09-2002Rating: N/A
Votes: 0
|
| | Tuesday, November 18, 2008 - 10:14 am: |
|
Bib,
I wouldn't read too much into that. The indicator includes exponential smoothing and is not simply cumulative like On Balance Volume.
Regards,
Colin
|
bib
Member
Username: bib
Post Number: 6
Registered: 04-2007Rating: N/A
Votes: 0
|
| | Saturday, November 22, 2008 - 10:42 am: |
|
Thanks Colin. Comparing cycle lows i probably should have used the longer term monthly charts. Using monthly and a short term TMF 6 Monthly indicator the TMF is lower now than in 2003 for the XAO.
Weekly charts pick up Support/Resistance on a long term view better than monthly. But monthly still picks up major areas. The XAO from the monthly seems to be in the middle of one right now.
I note the TMF6 has not been below zero now for as long as in 2002/3. Given (from my memory) that the Economic news is far worse now than in 2002/3 i suspect we will see the TMF 6 below zero for some time yet.
If my use of the monthly chart and TMF6 is not quite right please let me know.
I enjoy reading the Trading Diary.
|
colin_twiggs
Member
Username: colin_twiggs
Post Number: 3274
Registered: 09-2002Rating: N/A
Votes: 0
|
| | Wednesday, November 26, 2008 - 09:28 am: |
|
Bib,
TMF 6 Monthly seems to be fairly unresponsive.
What do you use it for?
Regards, Colin
|
bib
Member
Username: bib
Post Number: 7
Registered: 04-2007Rating: N/A
Votes: 0
|
| | Thursday, November 27, 2008 - 10:01 pm: |
|
Hi Colin,
I use the Monthly chart and TMF 6 month with a 3 month smoothed line as my big picture view of a stock or index. On the same chart is the TMF 13 week and 21 day.
I sometimes note that the TMF 6 month may be below zero and the TMF 13 week above zero and vice versa. I like to see both above. Maybe i am over cautious?
If the TMF6 monthly on a long term chart is above zero and pointing up then i look to the behaviour on the weekly and daily charts.
I also look at the weekly and daily charts.
My earlier post was really about comparing the TMF 6 month now to the TMF 6 month at the cycle low of 2003. On a cycle low to the next cycle low view the TMF 6 month is a relatively short term indicator. The exponential smoothing effects are lower if the time frame is smaller.
I note that the TMF 6 now is about equal to the low of the 2003 low. The TMF 6 however is now still pointing firmly down for the XAO. Also the 2002/3 downturn saw the TMF 6 below zero (apart from the usual rally) for much longer than it has currently been below zero.
Given that current financial problems are clearly worse now than in 2002/03 i would expect that the TMF 6 will be below zero for some time yet - a quick recovery would surprise.
My analysis may be completely wrong.
The graphs concerning financial market health on your Trading diary indicate that we are still battling our way to financial health.
It seems the master of Capitalism - the US - may well end up being the biggest Socialist State the World has ever seen - i cannot see any US Government booting thousands/hundreds of thousands?? of people out of their homes due to default - more likely they will be put on small repayment plans on the never/never which will take a generation or two to sort out.
I also think that there will be consequences of the bail out that no one could foresee at the moment as life if nothing else has taught me one thing - there is no such thing as a free lunch as the eventual cost usually makes us think we would have been better off not eating.
|
colin_twiggs
Member
Username: colin_twiggs
Post Number: 3276
Registered: 09-2002Rating: N/A
Votes: 0
|
| | Friday, November 28, 2008 - 11:42 am: |
|
Bib,
In 2003 the peak to trough fall on TMF 6M was 0.27 to -0.17, a total of 0.44. In the current bear market the peak to trough measure is 0.49 to -0.1, a total of 0.59.
Regards,
Colin
|
|
Threads by Last Post Time: First
1
2
3
4
5
6
7
8
9
10
Next
Last
|
