Recent content by Painfultrader

Trading is the most difficult business in the world, because it's like WAR but not SHOOTING practice. How good the sniper you have is important but not decisive(all kinds of analysis method). How good the general matters(strategy). As a general, you should know where the main battle field is and...

The problem would be: at the time that looks like a break through, how do we know it would be a big move. Hindsight is sometimes an illusion.

Thanks to everyone who left some words here. I learned a lot from all of you. Finally I finished my own coding. Trading is difficult because it is like a war. S/R line is like a gun. A good gun can't guarantee a victory of war, I know that. Strategies are much more important and much more...

It's one hour frame.

Some automatically drawn random lines, improved.

Thanks, buddy. Everything is illusion except price and volume.

Yes. S/R line is much more important in big time frame like month and week than smaller time frame. I use them to confirm fundamental factor.

Yes. The most difficult thing is definition. Here is a half product of my work today.

Right. Some great money managers never use technical analysis, but I am unfortunately not so smart. Let's try to code one. At least we need some tools to make decision.

Thanks, buddies. What I want is a kind of automatically drawn resistance and support line, which could be used in any time frames. Because I use them to do two things: pick up a trade and pick up a entry point. If I draw them by hand, it would take me a lot of time and the accuracy and...

Is there a software or indicator that could automatically draw resistance and support line, like moving average? Thanks very much.

Thank you for your reply. You are absolutely right. The odds of a market crash is very little. The best strategy is to long at most of the time and stick to it.

Because short is easy for me. I am still learning how to long.

Thanks for your reply. I noticed that DAX is much stronger than ES. I was so stupid that I shorted ES too much. Finally I realized that the best way is to long ES and stick to it. Short should be just occasional.