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Ok, that being said. Assuming one is a retail client, do you have any recommendations?

I am referring to stocks and futures as of now. Capital around 5-10k.

If you are predominantly a day trader, how do your profits not get eaten away by transaction costs? What minimum roll are you starting with to avoid account erosion? 5k? 10k? What broker best facilitates day traders?

I am not proposing that this is a great strategy, but hypothetically if one wanted to trade a setup similar, how would you go about doing so? Each trade would be closed at the end of the day, you would either open long or short, and ride until the value area gets filled to your target(s)...

Ok I actually agree that lots of people (probably myself included) don't know the proper indicators to use. Like, which indicators work best in trending vs range markets (balanced and not balanced) I find myself currently attempting to find a set up that I feel works the best for me...

http://www.youtube.com/watch?v=of6a394_Owg

hey man, what divergence indicators do you find to be the most accurate? RSI, MACD, etc....or in a vacuum are they all going to have the same result?

Ha. Thanks man. Yea it was my online poker handle. Looking back its very likely my reasons for entering the trade were less than sound, lol.

uhh got stopped out!

Market Wizards was really a good read. Seems that maybe he forms biases based on one of those three things, but he won't execute unless they all align? Seems like a reasonable and smart long term approach.

I have heard/read volume profile is more relevant today than market profile, but I havent heard sufficient reasoning why this is the case. Thoughts?

Hey guys. I am a swing trader attempting to find a suitable combination of indicators to use in conjunction with one another. I then hope to scan various markets and find some set ups. Lately I have been using the MACD, Pivot, (with support and resistance), and 5 period and 10 period simple...

Wilder vs. SMA...I mean after an infinite amount of trials, would the results be pretty much the same? What other indicators do you find work well in conjunction with RSI? thanks!

Thanks for all the responses, I just put in a trade (I'm still doing paper money) and I will let ya'll know how it works out!

Think I'm in the phase now of attempting to find solid entry points...

Hey, thanks for the response. I'm curious about your aversion to colors? Regarding indicators, which indicators better suit swing/position trading as opposed to day trading?

I THINK you are saying "ignore the noise" and just grind the nuts and bolts, right? I totally agree with that, and I suppose I am simply trying to determine what is noise and what isnt. I guess most TA would fall under the category of non noise because it isnt as biased? Im really not...

If this statement is a joke, it's actually pretty clever and I didn't get it my first read thru. If this statement is not a joke, I am confused. I don't see how you can pay attention to an engulfing reversal without paying attention to candle patterns....unless you are saying "the only...

So what do you do when you get contradicting indicators? I'm looking at a AAPL september 27th candle and it appears to be bullish engulfing...then next day its a bear harami. This is one example, but I'm curious about what you guys look at next when your initial indicators are...