The "Holy Grail"

[birdman]

Quote from OldTrader:

I think you've made an important discovery...that indicators don't mean much. And chances are that sooner or later you'll discover that moving averages don't mean much either.

A moving average is great...every big move that comes along you will be in. On the other hand, you'll also be in and out of every little move that whips across the moving average during those choppy periods. Each to his own.

There is no substitute for using your head to pick the trade, and then managing the trade once you have it on. Unfortunately, you can't backtest that.

Good luck to you.

Hey OldTrader,

Sometimes i like to read back through the older post of guys here who make sense to me ... guys like yourself ... and i see where you have about 44 years of trading experience.

It would be interesting to see what you trade today and in what sizes.

I'm no spring chicken, i started my trading before computers when you had to call your broker to place a trade, but you have me beat.

So do you mostly trade equities or futures now and what size trades do you do. If you focus on equities, what sort do you like to target.

Many Thanks,
birdman