I was going to put this in a journal, but I would like input.
I think traders on ET are making things toooo hard.
S/R is a crap shoot. Why? Because there are a million options.
Pivots
Bottoms
Double Bottoms
Triple Bottoms
20sma
21ema
89ema
200sma
300ema
That's off the top of my head.
If you put all the possible S/R on your chart, you won't be able to see price.:eek:
Indicators? Okay, what settings? Which ones? Good luck with that.
Backtest to see what works? Curve fit is what you will eventually do.
So I would like to try a real time experiment. Let's make some calls. No details required. No settings. No timeframes. Just make your call, and tell the indicator used. You can use any instrument.
I will go first, ES is my instument, volatility is my indicator. My bias is neutral on this market. I will go short at 1382.75, long at 1406.25. Stops at signal in opposite direction.
opinions, comments, snide remarks welcome
AD
I think traders on ET are making things toooo hard.
S/R is a crap shoot. Why? Because there are a million options.
Pivots
Bottoms
Double Bottoms
Triple Bottoms
20sma
21ema
89ema
200sma
300ema
That's off the top of my head.
If you put all the possible S/R on your chart, you won't be able to see price.:eek:
Indicators? Okay, what settings? Which ones? Good luck with that.
Backtest to see what works? Curve fit is what you will eventually do.
So I would like to try a real time experiment. Let's make some calls. No details required. No settings. No timeframes. Just make your call, and tell the indicator used. You can use any instrument.
I will go first, ES is my instument, volatility is my indicator. My bias is neutral on this market. I will go short at 1382.75, long at 1406.25. Stops at signal in opposite direction.
opinions, comments, snide remarks welcome
AD