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got it Thanks for the tip Sierra charts are good for the money in my opinion I'll do the backtesting just for curiosity but I believe is all in your ability and interpretation and knowing what an indicator does and it's limitations what's important

sure here it is I am using 1:1 risk reward on YM 20/20 20 - stop-loss 20 profit target remember I am not an expert This is just a test.

Good point John I notice that the best signals I got were after 10:00 AM news I waited for the dust to settle and take the other side. I pull the charts only to see market opening time frame from 9:30 to 4:16 As you mentioned about cycles, will be advisable to see what the price has been...

well is a nice thread about the subject I have a neutral bias about mr. Jack Hershey. I have to agree with what JEM said on that thread, he uses so many esoteric words that in my particular case my eyes get crossed. But he's right on what he said in that particular post, of course the part...

fearless thank you so much for your response and to all of you that response on this thread, thanks it proves that still we can have an educated conversation about trading on this site I've been trading all my life with two simple S/R lines. I have no complaints. I tried Moving...

The villagers are sleeping they will find about this thread for sure sooner or later

ok well price is price. If the market is not making new high/lows all indicators become useless in my opinion. an example of a trade, well I don't know I am toying around with it. I am using 1 minute charts, the stoch comes from oversold/overbought if the price makes new high/low then pull...

that's why I am asking as I don't have this data available As I said and therefore I agree with you in some extend, no indicator is good by itself. That's why I am testing it on price. Any other takers??

Thank you guys your response has been helpful I completely agree is important to know how it works and what it does and it's limitations. I did my homework already on this particular area. I've been amazed on how well you can used along with price action. But again I can't go farther than...

I've been toying around with Stochs(14,3,3) on 1 minute charts(YM) along price action and I found some sort of consistency. As I don't have access to historical data other than the current June's contract, I would like to know those who has been using this indicator along with price action for...

I hear you brother everytime I hear jimi say "excuse me while I kiss the sky" no matter what I do I have to go long....and it works...no kiddin'

Excuse my ignorance but ...is there still permabulls/permabears outhere???

well I tell you brother inverse risk-relationships are dead traps. You could make tons of money yet equally lost them in a couple of trades. I mean, some people do and I sometimes tweak the risk/reward ratio based on market conditions but you better be sure aobut the consequences and be...

You know, I've been trading for a very long time and I came up to a point that trading became an obsession. Especially when you're looking for the infamous "edge" whatever it is. Seems like you aiming for an automated trading as you "edge" I got really obsessed with the markets. I remember...

Ok hold on here maybe I am missing something here but who's responsable for money management on your students?? Did you know how much they're trading in advance?? Did you know this guy was heavy loaded in advance?? Did you warned him about the consequences of over-leveraging...

well think about this somebody has to be at the other side of the trade rigth?? so let them come to us..... a guy said somewhere that he was shorting the dow today I guess some of that money is in my pocket now seriously, the market feeds from traders like this...if you think...

That's hilarious!! I love when the guy got pissed off!!!

Could be used as leverage for daytrading, let's say QQQQ???

I love your blog I follow it everytime Thanks for all the free info. Has been very helpful Peace

well pal if you do a little research her at ET and all over the net you'll find plenty of stuff about price action. second I completely disagree about price action impossible to read. You need to think before you post here my friend 'cause this "nobody really understands what price action is...