If you want to fail as a trader, study TA

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I wonder if the gold and silver miners will crash with stocks like they did in 08. New cftc rules could really unleash the gold/silver move IMO. Manipulation is so apparent around expiration in silver it's not even funny.

CDE is the silver miner I would like to play long term if it doesn't break 13-14 levels.
 

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Gold Futures Key Daytrading Levels
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Quote from trackstar:

wow, back to indicators.....what a thread.....
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Learning to trade is a journey – not a straight line path

As long as who ever is using what ever – and they completely understand how it is used and how it makes them money – so be it


TE’s made it clear he doesn’t use indicators, so have I somewhat – but these traders are not TE or myself


I stated earlier as we’re building IA we can add whatever the hell we like – as long as one of us can explain how it makes at least one of us money




There’s been some really good work and communication done here over the last day – I would rather focus on that


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On another note & food for thought only


ATR – I use it on a daily chart with a relative short sample (eta for an intraday trading reference)

Then baring a shock to the market – I can tell if today should (I emphasize should) be a wider or narrower day than yesterday… and a few yesterdays ago

It’s an oscillator – From the angle of the oscillation I can tell if price range should (again should) be increasing or decreasing

I also know if ATR is .80 cents, and price has already moved .70 cents - I should not be looking for another huge move unless something extenuating happens, or price reverses... Always know the odds and play them


I'll not going to take you through eveything I use - but I wanted to show you some things have value - it's up to each of us to figure out what those things are



BTW – if anyone knows how to plot ADR on TradeStation – I sure would be appreciative if you would share it… I’ve searched high and low, and even on TradeStation’s forum and can't find anything



I’ll respond to the suggestion on the I word later – right now I am staying out of the way so the smart work can continue



RN
 
Quote from Redneck:

Learning to trade is a journey – not a straight line path

As long as who ever is using what ever – and they completely understand how it is used and how it makes them money – so be it


TE’s made it clear he doesn’t use indicators, so have I somewhat – but these traders are not TE or myself


I stated earlier as we’re building IA we can add whatever the hell we like – as long as one of us can explain how it makes at least one of us money




There’s been some really good work and communication done here over the last day – I would rather focus on that


----------------------------------------------------------------------------------------------------------------------------------------------------------------

On another note & food for thought only


ATR – I use it on a daily chart with a relative short sample (eta for an intraday trading reference)

Then baring a shock to the market – I can tell if today should (I emphasize should) be a wider or narrower day than yesterday… and a few yesterdays ago

It’s an oscillator – From the angle of the oscillation I can tell if price range should (again should) be increasing or decreasing

I also know if ATR is .80 cents, and price has already moved .70 cents - I should not be looking for another huge move unless something extenuating happens, or price reverses... Always know the odds and play them


I'll not going to take you through eveything I use - but I wanted to show you some things have value - it's up to each of us to figure out what those things are



BTW – if anyone knows how to plot ADR on TradeStation – I sure would be appreciative if you would share it… I’ve searched high and low, and even on TradeStation’s forum and can't find anything



I’ll respond to the suggestion on the I word later – right now I am staying out of the way so the smart work can continue



RN
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ATR = average true range

ADR = average daily range?

I can code it for you in about 2 seconds if thats what you are asking for.

something like:

input:
Length ( 5 );
vars:
adr ( 0 );

ADR = average ( range, length );
plot1( ADR, "ADR" );
 
Quote from trackstar:

ATR = average true range

ADR = average daily range?

I can code it for you in about 2 seconds if thats what you are asking for.

something like:

input:
Length ( 5 );
vars:
adr ( 0 );

ADR = average ( range, length );
plot1( ADR, "ADR" );
More...

TS

I have ATR, looking for ADR

And I know dick about programming, trying to learn but not there yet

If you could create it I would appreciate it - then I could load it

RN
 
Quote from Redneck:


TS

I have ATR, looking for ADR

And I know dick about programming, trying to learn but not there yet

If you could create it I would appreciate it - then I could load it

RN
More...

I took the code i put above and pasted it in TS. Verified and worked fine. ET wont allow me to upload an ELD extension so here it is on sendspace.

http://www.sendspace.com/file/z9djou
 
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