I am kinda new and want to learn basics for short term trading

So don't get too bogged down in finding "magic" in technical indicators. They are an important component of my own trading system and I spent years refining and honing what I use - I cannot deny that. What is more important are the criteria (the rules set) that I use to enter a trade and my position management rules to manage the trade (the profit target and the stop-loss).

So yes, I use a highly refined technical indicator package. But getting a "buy" or a "sell" on the indicator itself does not warrant a trade entry. Nope. Not good enough for me. There are very specific criteria (the rules set) that need to be satisfied before I can take a trade entry. I have four market conditions that have to be met in order to confirm what the technical indicator package is saying.

So here I have laid out what I personally consider to be the framework for a trading system. Since you're swing trading, you will need to be selective. You are an ambush predator. You are looking for the best risk vs. reward setups you can find.

curiosity said:
I am not interested in day trading.
But I am interested in swing or positional trading.

I have an account with TD ameritrade.
I want clean chart with minimum indicators. I usually choose following
1. Volume /2. 21 EMA /3. RSI /4. ADX

Please suggest more if you think they are imp.

What is your opinion about indicators from Anna coulling and Wyckoff VSA package from tradeguider?
More...
 
curiosity said:
I am not interested in day trading.
But I am interested in swing or positional trading.

I have an account with TD ameritrade.
I want clean chart with minimum indicators. I usually choose following
1. Volume /2. 21 EMA /3. RSI /4. ADX

Please suggest more if you think they are imp.

What is your opinion about indicators from Anna coulling and Wyckoff VSA package from tradeguider?
More...


If you have idea about RSI, ADX, I feel like you know atleast something about technical analysis. I suggest you do not use physical money for trading right now. If you have a strategy, use paper trading and backtest a lot before you actually venture into real trading. Markets right not are extremely volatile due to the rising uncertainty around the world. Thus entering into market right now without proper knowledge might lead to losses which will ultimately demotivate you. So I suggest you spend time more on paper trading your strategies. There are many softwares that allow you to papertrade for free. Use them and enter the market only when you are sure of your sratgey.
 
I advice you to use Forex Eliott Wave
tr
 
longandshort said:
If you’re going to spend money on education take courses in macroeconomics, capital markets, and corporate finance.

Price is a lagging indicator and so what is more useful is to know why decision makers enter/exit positions in the first place, which will help you evaluate if a short term opportunity is available. E.g. short term reversal on a stock you estimate will have positive revisions —> good buy.
More...
Wyckoff VSA package from tradeguider implies that it is a leading indicator ..what is your opinion? (in case you have used it?)
 
Bad_Badness said:
[QUOTE="What is your opinion about indicators from Anna coulling and Wyckoff VSA package from tradeguider?
More...

Too much "selling" you expertise. Buy the Wyckoff books for 20 dollars and read them. Then apply them in sim and start working on the other 90% of what makes a good trader, all the while still working on that method.

That "course" is like trying to learn one classic French dish. Sure you can make it but unless you have the fundamentals, it is a very narrow scope, and does not work for all meals, and certainly not enough to be a cook (trader), let a lone a chef (successful trader)[/QUOTE]
Have you tried - Wyckoff VSA package from tradeguider ? its costly ..do u have any free/cheaper alternative to their VSA indicator ? Also which wyckoff books specifically?
 
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