Trading can be easy

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Quote from Ditch:



wrong settings in the chart, this one is correct
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ok I gotcha. Man, taking a break. I'm on page 28 of the stoch thread. I checked just a few months ago and couldn't find anything on RSI or stoch, now they got it coming and going.

I've been trading this sort of sys a while. You could turn it into a big money maker if you knew when to hang on at the other band or channel. The best move is right up or down the channel. And if you're there, you already have some profitable staying power.

I catch them now and then, but it is just by accident. I have an idea for trading the stoch backwards from backwards. I had some minor luck with RSI but it gave me a headache and wasn't consistant. But then I was just trading bands.

Just don't get complacent with this one. If you take every trade it's an expensive scratch. Or worse, you go short and wonder why anyone would be buying here, then you find out.

Thanks for the chart
 
Quote from profitseer:

ok I gotcha. Man, taking a break. I'm on page 28 of the stoch thread. I checked just a few months ago and couldn't find anything on RSI or stoch, now they got it coming and going.

I've been trading this sort of sys a while. You could turn it into a big money maker if you knew when to hang on at the other band or channel. The best move is right up or down the channel. And if you're there, you already have some profitable staying power.

I catch them now and then, but it is just by accident. I have an idea for trading the stoch backwards from backwards. I had some minor luck with RSI but it gave me a headache and wasn't consistant. But then I was just trading bands.

Just don't get complacent with this one. If you take every trade it's an expensive scratch. Or worse, you go short and wonder why anyone would be buying here, then you find out.

Thanks for the chart
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When you speak of channel are you referring to the Donchian Channel or the Keltner or Bollinger or something else??

I have no experience with using channels so I don't know much about them or to what you are referring.

I find what you say interesting and would love to take a look.
Thank you
 
Quote from ALICE:



When you speak of channel are you referring to the Donchian Channel or the Keltner or Bollinger or something else??

I have no experience with using channels so I don't know much about them or to what you are referring.

I find what you say interesting and would love to take a look.
Thank you
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ALICE, If you are using sierra, they call it N bar highest N bar lowest. I can't tell the difference between that and donchian.

Just set them at 10, and then imagine you are trying to go long at the lower and short at the upper. Then add a 20 and a 30 simple moving average. See if that improves things any. Then you can try adding stoch or RSI or who knows what all.

Sometimes it is ridiculously easy to pick off the moves, and sometimes they fool you badly. And sometimes when it is easy, it would have been even easier to just stay long or short all day long.

I can tell you this. You won't make it far with this sysytem using stops. You have to believe that channel is coming. And sometimes it's a long time coming.

My record was 11.25 points just indiscriminately trading the channels. (I lost all that later in the day.) Over time though, you can refine it to fit your needs.

Not the be all end all, just something that comes in handy most of the time. I've gotten though to where nothing happens in my life till something touches a channel.
 
Nah he's not really trying to help. He is but in a very limited way. He says "here's my setup, if you spend a year staring at it, i bet you, you'll make money; now if i may please return to making 10pt/day!?"
 
Quote from traderkay:

Nah he's not really trying to help. He is but in a very limited way. He says "here's my setup, if you spend a year staring at it, i bet you, you'll make money; now if i may please return to making 10pt/day!?"
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What is it that you want? something that is going to make you money in a week? I notice that you ask a lot of questions about proven profitibilaty and all. But let me ask you this: did you ever trade real money yourself and why do you expect others to pamper you like a baby on your path to becoming a trader. from your remark i get it that you are not willing to put in a year of work or study. So what are you prepared to invest in terms of money and time?
 
The attached chart show a simplification of the idea to stay in with the trend. The trend is determined by a stochastic with settings of 21,10,4. Enter in the direction of the trend upon the first touch of bb/dc, IF the stoch still indicates the same trend, so the bars in the graph shopuld remain red in Downtrend. Exit at the first crossover of the stoch, so when the bars change colour, however ignore croossovers of the stoch below 20 and above 80. In that case exit as soon as the fast line of the stoch crosses 20 or 80. This setup will keep you in longer moves and gives you a clear entry point
 
Quote from Ditch:

The attached chart show a simplification of the idea to stay in with the trend. The trend is determined by a stochastic with settings of 21,10,4. Enter in the direction of the trend upon the first touch of bb/dc, IF the stoch still indicates the same trend, so the bars in the graph shopuld remain red in Downtrend. Exit at the first crossover of the stoch, so when the bars change colour, however ignore croossovers of the stoch below 20 and above 80. In that case exit as soon as the fast line of the stoch crosses 20 or 80. This setup will keep you in longer moves and gives you a clear entry point
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Ditch,

Thanks for the additional info.

I'm not sure if your aware of it or have already discussed such...

but what your showing can also be applied to 1min interval charts...with some slight modifications.

That's what I like...when traders show a simple chart and we adapt it to fit our own trading methodology.

Thanks for sharing and no-hand holding needed here :cool:

NihabaAshi
 
Quote from Ditch:



What is it that you want? something that is going to make you money in a week? I notice that you ask a lot of questions about proven profitibilaty and all. But let me ask you this: did you ever trade real money yourself and why do you expect others to pamper you like a baby on your path to becoming a trader. from your remark i get it that you are not willing to put in a year of work or study. So what are you prepared to invest in terms of money and time?
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Ditch.. why you asking?

Come one... you don't really think that many newer traders think trading is also WORK... where you gotta put in lots of effort, energy, study and preparation... constantly improve self-awareness, discipline and execution! Develop unflappable patience. Naaaww... it's a get rich quick scheme. And if you search the Net enough you might find someone else to do it for you. All the more power to those who can substitute a URL for all of the above.

But doubt it's possible.
 
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