Traders take a good method, and ruin it by trying to make it perfect.
Perfectly normal behaviour.
Simple Profitable Method
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Traders take a good method, and ruin it by trying to make it perfect.
Perfectly normal behaviour.
MACD and moving averages LAG.
Learn to read a chart... support/resistance, higher/lower highs/lows, candle color and volume spikes.
That's simple!!
What else do you need?
Learn to read a chart... support/resistance, higher/lower highs/lows, candle color and volume spikes.
That's simple!!
What else do you need?
Yeah yeah we've all heard the naked trading blurb, as old as the hills, nothing wrong with it but no better than any other edge out there. Most traders do all that even if they have MAC and MA's on their chart anyway.
And there's two sides to your statement, yes they are lagging indicators but they also confirm, guage momentum, offer repeatable patterns etc... and that is the beauty of their accuracy... simplicity itself
Quote from Vienna:
??? If this is meant ironically, I apologize. If not: 150k at 50$ a point divided into 200 trading days is 15 ES points per day? Surely you jest?
http://www.elitetrader.com/vb/showthread.php?s=&threadid=14129&highlight=the+stochastics+indicator
Belly... skimmed through a few of them. Jack sounds like he has a method and knows how to read the market, but when I read that anybody claims 15 ES points per day AVERAGE..... no way I think. That is 7.5 Mil a year trading 50 contracts... right. I know some people who do 2-5 points per day, and I consider them not good but great. How many trades per day on average?
This would mean that Jack easily does much more than Marty Schwartz does?
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