EliteTrader defines itself as a group of financial traders who have meaningful conversations about all aspects of the business to help each other learn faster, develop new relationships, and avoid costly mistakes.
But personally, I have found the greatest value offered by this website in terms of my development has been the provision of a super convenient platform for creating journals wherein I can record my thoughts and ideas regarding various trading tactics, strategies, systems and techniques—all of which can be accessed efficiently and effectively using Google search.
I began with a multiple simple moving average envelope strategy which morphed into what I call Numerical Price Prediction (NPP), which spawned various offshoots, the latest of which is my Shoreline/Riverbank Touch Strategy—an approach which now uses primarily one-minute charts and capitalizes on NPP's adeptness at defining trends and price ranges in multiple timeframe's.
Now that the system has been refined all the way down to the one-minute level, the development of its measurements and indicators is essentially over, and I have turned my focus to fine-tuning its implementation. This has already been started to a certain degree in applying its methodologies to trading binary option contracts, where timing is just as important as all other aspects of the system given that binary options cannot be bought and sold profitably unless the timing is flawless...
In reviewing my activity over the current 24-hour market cycle, what strikes me is that there are only one or two regions on my candlestick charts where the Riverbank/Shoreline Touch System offers pronounced (perhaps obvious would be a better word) moneymaking opportunities.
Consequently, I've created this journal to establish a written record of when these times occur on a daily basis with the intention of eventually limiting my activity in the markets to these times exclusively—a natural outcome of where I am seeing the most power evidenced in a body of data that continues to bless me with what I regard as clarity.
But personally, I have found the greatest value offered by this website in terms of my development has been the provision of a super convenient platform for creating journals wherein I can record my thoughts and ideas regarding various trading tactics, strategies, systems and techniques—all of which can be accessed efficiently and effectively using Google search.
I began with a multiple simple moving average envelope strategy which morphed into what I call Numerical Price Prediction (NPP), which spawned various offshoots, the latest of which is my Shoreline/Riverbank Touch Strategy—an approach which now uses primarily one-minute charts and capitalizes on NPP's adeptness at defining trends and price ranges in multiple timeframe's.
Now that the system has been refined all the way down to the one-minute level, the development of its measurements and indicators is essentially over, and I have turned my focus to fine-tuning its implementation. This has already been started to a certain degree in applying its methodologies to trading binary option contracts, where timing is just as important as all other aspects of the system given that binary options cannot be bought and sold profitably unless the timing is flawless...
In reviewing my activity over the current 24-hour market cycle, what strikes me is that there are only one or two regions on my candlestick charts where the Riverbank/Shoreline Touch System offers pronounced (perhaps obvious would be a better word) moneymaking opportunities.
Consequently, I've created this journal to establish a written record of when these times occur on a daily basis with the intention of eventually limiting my activity in the markets to these times exclusively—a natural outcome of where I am seeing the most power evidenced in a body of data that continues to bless me with what I regard as clarity.
