A method or indicator you have discarded!
- Thread starter inandlong
- Start date
me too, but I only trade es so it's just one quote line
Inandlong. Even though 99% of my career has been in futures, I am not convinced that "futures lead" is even close to an absolute statement. If the mkt opens off sharply on CSCO earnings, then CSCO is leading, and I want to see if it's holding the break, bouncing, bringing other shit down with it ect.
When I first saw point and figure charting, I thought John Madden was now doing trading commentary. I banished it to a corner somewhere.
Picked it up again several months ago and a light came on, at least for longer time frames. Bars and candles can show the same thing, but it's a lot simpler for my feeble brain to follow the signals off the PnF.
I use daily PnF, on stock, sector, and market, to guide my long-term direction. I trade in and out based on other TA, but only in the direction of that longer trend. Granted, I don't trade as often now, but I'm doing much better.
Picked it up again several months ago and a light came on, at least for longer time frames. Bars and candles can show the same thing, but it's a lot simpler for my feeble brain to follow the signals off the PnF.
I use daily PnF, on stock, sector, and market, to guide my long-term direction. I trade in and out based on other TA, but only in the direction of that longer trend. Granted, I don't trade as often now, but I'm doing much better.
except price, time, volume, and breadth
I used to be big into Insider Trading, but I've been forced to discard that completely for...legal reasons.
Now, when two Moving Averages cross, I put a pack of cigarettes on the weight bench and hope Jimmy the One-Eyed MarketMaker doesn't give me too much slippage.
Wait, that didn't come out right...
Now, when two Moving Averages cross, I put a pack of cigarettes on the weight bench and hope Jimmy the One-Eyed MarketMaker doesn't give me too much slippage.
Wait, that didn't come out right...