Yes yes lets ''invest'' money with someone who is broke. very good idea. if i give you 25 cent do i get 75 cents back in 3 months? thats all i would entrust you with
yes yes yes your highness price action is the only thing there is and all indicators are lagging and seriously until you told me i would never have guessed.
im using these stochs to tell me how relative is this immediate market action compared to past market action. I need that because the...
i use stochastics a different way, i use them to determine if we are trending or not. so when the stochastics enters extremes (above 98 below 20) and they stay there, we are trending hard
i use 17,3,1 and 13,3,1 as settings
i only display the %D
On the contrary. Elliot wave is a theory like many others with many many flaws and you can completely disregard it when using fibs or any other indicator. elliot waves do not drive or lead the market, or dictate where it should go. The market moves in waves, thats a given, regardless of what...
I think the reason why its too good to be true is because you need to recalculate everything accounting for commission, slippage, partial fills, etc. 2.24$ a trade most likely wont cover that. This could easily transform +16% into -20%. a trade per 5 seconds results into 4500 trades a day... I...
Susana, i would recommend you read a book by Joe Dinapoli (someone i respect a lot). He uses an approach similar to yours (looking to enter on pullbacks) using a well defined and simple method using Fibonacci levels. He uses the fib extension tool for targets, and most importantly, the method is...
i use a similar approach as you do, one of my setup is a pullback following the trend direction.
how do you decide that it pulled back enough? are you using the fib retracement tool? how do you define stops and targets afterwards?
also, when you say it reverses on you too many times...