Search results

This is the main problem with discretionary trading: too many opportunities to second-guess yourself. Mechanical trading has predetermined exit(s) and IF you have a properly backtested and profitable system, it's just insane not to follow all the entry and exit signals.

And the values should be different. A current uptrend in one time frame will be a current congestion in a second time frame and a current downtrend in a third time frame. The trading action you should take is fully dependent on the time frame you're using. A worthy indicator will indicate...

You're using the word ''period" in both its correct definition as the number of bars used in an indicator formula and as an incorrect synonym for time frame. No wonder you're confused. A 20-bar indicator in the 5-minute time frame will obviously use different price data than a 20-bar...

What? The first 100 posts didn't answer the question?

All the math (e.g., the Kelly formulae) says to do it the way I posted. And this guy apparently agrees:

1 - You claim to have written something about the mathematics of moving averages. 2 - You don't disclose what that something is. 3 - You ask questions I would expect from somebody who doesn't know a bloody thing about moving averages. I detect a homework troll.

The OP is open-ended. It didn't say to limit the responses to only psychological aspects. Perhaps this thread should be relocated to the Trading forum. It wouldn't be the first thread to start off in the wrong forum.

It's called money management. Specifically you should be using dynamic position sizing: decrease size during losing streaks, increase size during winning streaks. I believe acrary has covered this subject. Do a search.

+1

+1

If you're a trend follower, you're supposed to let winnings run. There is no time limit, just ride the trend to its end. If you're RTM trading, you're supposed to have a profit target. Again, there is no time limit. What's with the obsession with time limits?

You're assuming he's using the word SELL to mean entering a short trade rather than the standard meaning of exiting a long trade. Retail forex has corrupted the language of trading. :mad:

How would knowing this factor into your trading strategy?

Holy smokes!! Is found it! Is best trend indicator ever! Says so right in ad! http://www.supertrendprofit.com/ Is funny ad! Count how many times guy says "believe it or not". Ho ho! Plus half dozen other variations on "believe''. Is this software ad or church revival? Ho...

You're confused on the meaning of discretionary. If a strategy can be coded, it is not discretionary. If it is discretionary, that means it can't be coded. At least until AI is invented.

There are two best indicators, one for trending markets and one for chopping markets. They are both proprietary. Please provide $2M-US, payment in full up front. You're welcome!

If there's any chance of triggering both long and short entry signals at the same time, then you know you have a problem. But if your filters prevent this from happening then you've already achieved the separation you need.

Markets are made of people (just like soylent green :D )

I didn't hear me say that. Like dbphoenix said, we're not talking the same language. I'm sure my method isn't the only effective way to trade. But you seemed to start with the preconceived notion that those with the most money and best computers automatically have the upper hand. Money...

No. Yes. Money does not automatically translate into brains. Donald Trump is living proof of that. Finding trends efficiently is not public knowledge. It's anybody's game, including resource-poor retail traders.