Trading to NOT LOSE vs Trading to Win

[humbletrader2016]

Thanks for the write-up. Is there anything you can say about the dashed black line and solid green line? Are they just moving averages? I also don't recognize that indicator you have below.

For me, indicators are really just a derivative of price, so not the holy grail that most would think. But they can of course add structure to reading the market. Since they are calculations of past price, they will compute in a predictable fashion, and hence their consistency in displaying what it is they display can be useful so that you don't start making stuff up in your head. You seem to use them quite religiously though, and to great affect it seems!

I customized pretty much everything with my trading systems. This is probably your first time to see my way of using indicators. Sorry, I can't disclose publicly what those things are and how to create them. Frankly speaking, even if you are able to figure out what those things are from my screenshots, you won't be able to figure out other pieces in my charts that I use to trade my setups.

Good luck to your trading.

 

[Seaweed]

I customized pretty much everything with my trading systems. This is probably your first time to see my way of using indicators. Sorry, I can't disclose publicly what those things are and how to create them. Frankly speaking, even if you are able to figure out what those things are from my screenshots, you won't be able to figure out other pieces in my charts that I use to trade my setups.

Good luck to your trading.

No problem... totally understand.

 

[RRY16]

Those MA crossovers with a 1st pullback are so slutty.

 

[trader99]

my risk reward is 3-4 to 1 i hardly ever get a stop hit because i reverse the trade well within the stop range.

example on compression i may go long be up a point or two when it slams me into a reversal which i then exit. the stop was never even close way out there.

but in my mind because i was long on 911 in the sp, i was on the phone with a bond broker when the second plane hit and went long 30's which saved me.

i only focus on potential catastrophes and actual trading is just a sideline distraction. keeps my mind clear.

man, I had too tight of a stop on ZW today. Got out then it rallied hard since. fudge!!

Of course, I forgot 7:30am is announcement day for NG! I was up like $300 one minute and less than a few seconds later whoosh! went negative and some. damnit.

But my options quadrupled and stilling going. Wished I had bought more. Holding onto winners and cutting losers short. That's the plan. In the long run that should work out. Sometimes it can be bumpy.

 

[murray t turtle]

Is there anything you can say about the dashed black line and solid green line? Are they just moving averages? I also don't recognize that indicator you have below.

You seem to use them quite religiously though, and to great affect it seems!

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Dont know if they are ''just'' moving averages; but they track/move just like them; the green one being slower/less commissions than the faster dashed line.

Too bad sideways slop chop trend[ aka barbed wire range as an elite named it] makes moving averages useless., [Edit evena 200 dma which maybe does not apply here; 5 different chart services have 5 diffeerent numbers for a 200dma