What generates your trading signals?

[Specterx]

Well, after 3 pages you're finally recognizing the question I made in the OP.

And this is the second insult in as many posts. I don't know what your deal is, but you'll likely have more luck trawling for tips if you lose the attitude.

In the spirit that you might have an over-sensitive bullshit detector I'll just leave you with a post on this topic I made last week in another thread, maybe you'll find it useful:
https://www.elitetrader.com/et/thre...n-to-trade-it-profitably.329553/#post-4802625

 

[Maverick1]

What generates your trading signals?

pain

 

[themickey]

pain

Punishment, regret, anguish, yeah that's how we learn.
School of hard knocks.
I suppose that's the only way we become adults.

 

[digitalnomad]

For me, I strengthen the validity of my signals supported by other parts of my system, i.e., statistics, broader outlook for the day, etc. But I'm sure there's things for me to learn still.

http://jonathankinlay.com/2019/01/signal-processing-sample-frequency-www-jonathankinlay-com/

 

[Howard]

You never will, so give up trying, take this advice from someone who has spent years experimenting with every indicator under the sun.
MA's are blunt instruments. They are a tool to give general indication, to use as a timing tool is to court disaster. Got it? A BLUNT TOOL.

What if you just haven't found the right way to use them...? I know a guy who uses various MAs in his trading system, but he constantly adjusts them.

There's guys who's been studying trading for 10 years also and still isn't profitable. Doesn't mean that it's not possible.

For finesse you need to learn price action and of additional great assistance is to learn to code yourself.
A side benefit of Coding is it will teach you WHY the markets swing around like they do.

That's an interesting comment. Coding what, specifically?

And how do you feel coding relates to "WHY the markets swing around like they do"?

 

[Howard]

And this is the second insult in as many posts. I don't know what your deal is, but you'll likely have more luck trawling for tips if you lose the attitude.

In the spirit that you might have an over-sensitive bullshit detector I'll just leave you with a post on this topic I made last week in another thread, maybe you'll find it useful:
https://www.elitetrader.com/et/thre...n-to-trade-it-profitably.329553/#post-4802625

It was not meant as an insult, nor was my first comment to you.

I specifically asked how the traders on this board differentiate between a pullback in a trend and a reversal of the trend. You seemed to want to argue on that definition and said they were the same thing, although it should have been clear what I meant.

Thank you for your comment and post.

 

[Howard]

http://jonathankinlay.com/2019/01/signal-processing-sample-frequency-www-jonathankinlay-com/

Interesting stuff. Thanks.

 

[themickey]

What if you just haven't found the right way to use them...? I know a guy who uses various MAs in his trading system, but he constantly adjusts them.

Painting lipstick on a pig doesn't change the pig, but you are welcome to try, in actual fact do try, that's how you learn. One thing this board does is give you ideas, everyone is free to accept, discard or debate.

That's an interesting comment. Coding what, specifically?
And how do you feel coding relates to "WHY the markets swing around like they do"?

Code whatever instrument. Anything you fancy.
Once you do your own coding it opens a new world, in actual fact imo the markets gyrations are all to a large majority running from code, not the news media as many believe.
Again in order to know this one needs experience it.
When I began my own coding many years ago, my trading moved in leaps and bounds.
None of my coding run off indicators and definitely not MA's.
However saying that, MA's can be used and very handily in unconventional ways.

 

[eurusdzn]

If you're [strictly*] trend-trading, you don't have a profit-taking exit, only a stop-loss. (And, your stop-loss is based on drops that statistically indicate a change-of-direction. Data data data.)

Given that, if your stop-loss gets hit, you're out. (And, recognizing that an exit signal is not an entry signal from the other side, right?)

Whether it's a pullback or a reversal doesn't matter to you -- you're interested in 1,000 trades that work en masse, not the individual trades that get you there.

Plan the trade, trade the plan.


* FWIW, my entries are indicator-based, my *exits* are indicator AND time-based: study your markets/trades, find the money {the pattern of successful trades versus the patterns of not-so-successful trades}. You might not be wrong to conclude that the entries are big and loud and obvious, while the exits are closer to *slight*hints*of*danger*....

Isnt that too obvious Mr. T. ? Loud entries?
I thought this was supposed to be hard.
Those type entries dont come around too often.

 

[Risepoint1879]

Did you not understand what I mean or are you being difficult on purpose?

A pullback is a counter-trend move depending on how you define trend, i.e., down, if the trend is currently up.

At some point in time - the counter-trend move will not be a pullback, but actually reverse the up trend and establish a down trend.

I don't know if it's possible to know whether it's a pullback or reversal. I mean, obviously you can wait to see what happens, but then you're losing profit on the next move by getting in late. And it can still reverse after moving up a little bit, and the late entry now gives much less breathing room.