Search results

It's great that you found a trading style that suits you, I have not looked to deep in to options yet personally as I found another style that suited me. I trade intraday and try to pick tops and bottoms risking only a small amount on entry. When momentum turns my favor I average up and move my...

Could you please define what PM means to you? That is an expert advisor you are describing, which makes buy and sell decisions based on it's programmed rules. An indicator simply takes information from the market and outputs it in another format, it doesn't tell you when to buy or sell, that...

You do realize that most indicators are based on information about the price movement? The job of an indicator is to take some information available in the market which is basically only price, momentum and volume. When you are watching price move/candlebars forming you are visually...

You don't believe charts and technical analysis can provide an edge?

I agree actually, it is very bad advice for someone who doesn't know how to trade themselves. But I have found a few interesting candidates myself in an effort to find easily manageable diversifaction. Usually talking to the signal provider and asking questions about their trading style will be...

I would just like to add that if you have read about heuristics in Van K Tharps 'Trade Your Way To Financial Freedom' the 'Lotto Bias' is very connected to peoples incorrect usage of indicators and more specifically combinations of indicators. The lotto bias states that people feel a higher...

I'm sorry but I know you are going to blow your account just by this statement alone. Traders are not profitable just because they guess the direction of the market correct but because they size their positions relative to a amount numerous variables like expectancy, account size, gut feeling...

Agreed, broadly speaking I guess you could state that indicators 'don't work' because the trader using them just doesn't know how to use them correctly. What has lead to the trader not using it correctly could be an infinite combination of things really, since every trader is a unique...

I'd argue that you can lose money buy taking profits. If you take big losers and small profits you'll eventually go broke. However, I agree with most of what you say. I usually let my trades run with a stop under the 23.6 fibonacci retracement of the current move. Since when the price breaks...

Isn't it just easier to develop a risk management strategy to limit your potential drawdowns (which is the point of diversification right?) instead of spending all that time to first find these 15 uncorrelated assets, and then having to manage them. Think how much time it would take just to stay...

Define don't work. Does an indicator not work just because the trader using it is losing money? Some traders obviously have success with indicators that others do not, so I would say that the reason indicators don't work for some people is probably because they are worse at risk management or...

I know the feeling, but there will be more to come. Real nice day today :)

small short at 2850 sl 2851.4

double bot on m1,5,15. thats it folks?

Yeah, Im staying in short term with tight stops to take advantage of the dips and protect the capital. Waiting for that 3% retrace atleast still but cant be out when its making highs like this almost every day. What yall think of Draghis statements just now?

Yeah I am noticing the same stuff in Sweden. Factory workers always talking about small caps and the stock market during the breaks. Sounds familiar?

Double bottom? Buy the dip after lunch lets go gogo