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Looks like LL, LH, HL. Is it safe to assume that after the HL a reversion to mean may be probable? The presence of the LH and HL signal the downtrend may be ending. (that's what i'd guess based on my beginner knowledge of PA)

Careful that they don't have huge tick sizes. I think some of the currency futures are $6 something per tick. Some of the other ones I played around with a while ago were more, like $16 per tick or something nutty like that. The margins might be low, but if a reasonably placed stop loss will...

test your theory. Open two demo accounts, on one, do what you would normally do, and on the other, do the EXACT opposite. So if one loss is becoming too big and you exit because you're freaking out, you have to exit the other one at the same exact time. No saying "oh, well this one is...

How'd you get that horizontal rule? Do hr tags work on this forum? <hr> Awesome!! Tums, I understand. So we need to define the context in which this (or any method) works.

Either: 1. The method shown is incomplete (or the method is complete but the entire thing was not presented) 2. But most people will say "one must understand price action and indicators are just a guide" :D Oh, or it could be that the person showing the method is cherry picking...

+5 ticks before commissions :D

So it looks in that one pic like you're entering a BBand trade expecting it to revert to the mean based on the slope of the BBandwith indicator changing to "down." I'm looking at a chart of the ES with 20,2 as the settings for each indicator and it seems like it works well sometimes, but also...

i'm back home now. I'm feeling better at the moment and hopefully I will keep feeling better. Let me reacquaint myself with this thread and hopefully I will resume it soon. Most of my browsing has been done from my cell phone for the last 2 weeks, and no trading.

what's the strategy?

i noticed this same thing.

i wrote an indicator to show in real time on the charts when small, medium, and large orders were being filled at the bid or ask. it was no help. distribution was still random. sometimes there'd be a huge down trend full of big ask fills. sometimes there'd be a huge down trend full of big bid...

No kidding. If i was an elite trader i'd be helping people rather than asking questions. I was just asing cuz i've seen some people say they are counter trend faders but they only fade after a new high/low of day has been made.

oh geez maybe i didnt ask the question right. i meant High of days and low of days. so you'd never have a new low (of day) in an uptrend. my bad.

lol wtf who gave this thread 1 star before there are even any replies? :wtf:

i have that book. i read it months ago. maybe i should go thru it again.

i'd be interested in reading it, too. im still following this thread. ive been having some health issues for the last few weeks so ive been out of trading but still browing this forum from my cell phone when i am able. ideas for future discussion directions in this thread: - money...

intraday price makes a new high. is this a signal that there is a strong uptrend, or do you fade it? intraday price makes a new low. is this a signal that bears are in control or do you fade it? (assume its not news or fomc day or whatever) same question for daily charts, too.

I'd be open to discussion on how the BBandwidth indicator can be used for this.

Sierrachart has TRIX. You can change it around a lot, too: histogram, line, color based on slope, color based on whether it's positive or negative, etc.

tradestation is ridiculously expensive. I use Sierrachart. its only like $26 a month, is extremely customizeable, has a great support forum, and allows custom programming in c++ as well as in excel based spreadsheets. You can get a free 45 day trial i think. some of what you want, like...