When I find a new edge or approach I backtest it over the last ninety days of data.
Can you outline basic principles of convergence/divergence of MACD?
I have been learning about and backtesting a new strategy, suggested by honorable padutrader. Many refer to it as Supply and Demand zones. An intro can be found here,
http://tradersimon.com/2014/08/supply-and-demand-trading-basics/
Here are my trades for today,
Thanks for defining momentum. No one else talks about it. What are the important characteristics of momentum? Do you simply compare bars? What do you look for when identifying momentum?
As I continue to explore different aspects of TA and PA, today's topic is Pullback Reversals.
Here are my notes from Volman's book,
· Is the market in bearish or bullish mode?
· A pullback is a correction to 50-60% of the dominant swing (if strong trend – even 40%)
· It has to reach, even...
So, today I was trying to trade this trending range. Four trades in total: a good trade, a bad one, a stupid one, and another good one. The first three,
"Preach on!"
S&R - Support and Resistance level.
If I give you a print screen, can you point all the bars that you are talking about. Do not mind the foreing language.
No kidding. You got to say more about that up bar that you did not like. On M5 it had three (3!) gaps. Was it closing the gaps? What else?
Also, why did you choose 2781 and not 2782.75 as your R&L?
Can you show /ES that is not limited, spiky, sluggish, and disorganized? Because I started recently, this is the only /ES that I have seen.
Also, where do cool traders find tickers for current futures? Currently, I am limited to CME only.
I wish I could give you more than one thanks for this post.
You have masterfully divided all signals into continuation and reversal realms. A question. What lists of signals are you using? Flags and pennants are there, what else?