Technical analysis and indicators

[volpri]

What is meant by cycle?

Check out my journal. Might find it useful. Or not!

https://www.elitetrader.com/et/thre...-trading-the-es-nq-ym-mes-mnq-and-mym.336259/

 

[remogul92]

18-24 months was for FA speculating.

Short-term trades would maybe be 1 week max? If that's even enough time to have a coherent strategy.

For a week long trade look for hourly time frames. 60 min - 240 min (4 hour). Others may even suggest 360 min (6 hour) timeframes.

and a week is plenty of time. Keep in mind day traders can trade on much smaller timeframes (5 mins) for example.

 

[oraclewizard77]

NT has a built in indicator which creates HL, HH, LL, and LH. So in this case we don't need to draw a "trend line" Instead we can establish for example an upward trend when you get at least 2 HH and HL.

The indicator works in all time frames and all charts.

Many times, I will instead of drawing trend lines, use this indicator with major S and R lines.

 

[farmerjohn1324]

NT has a built in indicator which creates HL, HH, LL, and LH. So in this case we don't need to draw a "trend line" Instead we can establish for example an upward trend when you get at least 2 HH and HL.

The indicator works in all time frames and all charts.

Many times, I will instead of drawing trend lines, use this indicator with major S and R lines.

I use IG.

Can't seem to find it on there.

But I am much more interested in computer generated trend lines than in ones I draw myself.

 

[murray t turtle]

But I am much more interested in computer generated trend lines than in ones I draw myself.

%%
That's the best way; avoids traders/investors bias.Moving averages helped me much more than straight lines, I use both- the market seldom moves in straight line...……………………………………………………………………………………………………………………………………..

 

[farmerjohn1324]

%%
That's the best way; avoids traders/investors bias.Moving averages helped me much more than straight lines, I use both- the market seldom moves in straight line...……………………………………………………………………………………………………………………………………..

Is moving average considered a form of trend line? I knew it was a "trend indicator," but wasn't sure if that was the same as "trend line."

If so, I'm all for using moving averages! This seems to make sense using intraday momentum. I would also like to incorporate a volume indicator as further evidence.

I am all for working out a system! But I do know that I can't watch it 24/7 (or even 24/1), so I will need to have stop-loss and take-profit set at time of trade.

My goal now is to identify a potential good system, and then to back test it.

And I suppose since it looks like I'll switch from Fx to emini futures, I will have to find a practice emini platform.

 

[Onra]

And I suppose since it looks like I'll switch from Fx to emini futures, I will have to find a practice emini platform.

Hi farmerjohn1324,
Any reason for the switch?

 

[farmerjohn1324]

Hi farmerjohn1324,
Any reason for the switch?

Someone told me Fx is not volatile enough for most short-term trading strategies.

 

[notagain]

something visual, 1hour Bollinger

 

[murray t turtle]

Is moving average considered a form of trend line? I knew it was a "trend indicator," but wasn't sure if that was the same as "trend line."

If so, I'm all for using moving averages! This seems to make sense using intraday momentum. I would also like to incorporate a volume indicator as further evidence.

I am all for working out a system! But I do know that I can't watch it 24/7 (or even 24/1), so I will need to have stop-loss and take-profit set at time of trade.

My goal now is to identify a potential good system, and then to back test it.

And I suppose since it looks like I'll switch from Fx to emini futures, I will have to find a practice emini platform.

%%
Yes;
moving averages look like trend lines also. I use some straight trend lines some; but markets seldom move in a straight line....................................................................................