What is your BEST preforming indicator

[gqguy2003]

Well PREM works only as well as your data feed. I've been using it for years and I use it every day and it works VERY VERY WELL, if you know how to read it and few people do.

 

[atticus]

Quote from gqguy2003:

Another incredible example of how well the premium can predict where the market is heading is from 5/5/09 at 14:27 cst. The spoos were at 897.00. The SP Premium hit a huge low of -4.78, predicting the spoos would go lower than 897. Although the spoos rallied up to 904.50 at 18:27, by 21:13 they had tanked to 891.

Wow, you're delusional.

 

[Nexen]

Quote from gqguy2003:

Well PREM works only as well as your data feed. I've been using it for years and I use it every day and it works VERY VERY WELL, if you know how to read it and few people do.

This is a peculiarity of ET, everyone knows something yet everyone claims few people know when everyone else claims they know.

It's like a high school gathering of young teeangers discussing their great sexual experiences.

Yet the bigger mouths are nowhere to be found in the P/L journal.

 

[picksee02]

Quote from gqguy2003:

Well PREM works only as well as your data feed. I've been using it for years and I use it every day and it works VERY VERY WELL, if you know how to read it and few people do.

Who do you use for your feed/broker?

 

[efficiency]

Quote from Nexen:

This is a peculiarity of ET, everyone knows something yet everyone claims few people know when everyone else claims they know.

It's like a high school gathering of young teeangers discussing their great sexual experiences.

Yet the bigger mouths are nowhere to be found in the P/L journal.

No shit, and that's why it's entertaining. Kinda like.........like............like.....watching cartoons.

 

[Lucrum]

Quote from Red_Ink_inc:

Do the opposite of what MarketSurfer says to do. It's the best indicator ever. Money in the bank nearly every time.

Sound wisdom.

 

[MandelbrotSet]

Quote from Lucrum:

I like to buy a test of a former R after a breakout and sell a test of a former S after a breakdown. If my trade is in the black/green then, for now at least, I'm on the right side. If it's much in the red for any length of time (relatively speaking) I'm most likely on the wrong side. If price rapidly starts moving in my favor then I begin trailing a stop. Often I'll take profit at a simple measured move target.

KISS is wonderful concept.

Speaking of sound wisdom, this is some of the best I've read this weekend.
***
Another guy posted a truly great paragraph on a thread started by NYC212, asking about how traders deal with missed trades that go on for extended runs.

Good stuff continues to be posted on this website, despite the ever present troll factor (they always seem to regenerate, LOL).

 

[gqguy2003]

Quote from picksee02:

Who do you use for your feed/broker?

I use Tradestation
Tradestation gets their feeds from the CME, the NYSE etc

 

[spencer2000]

There is no one reliable indicator. It is a combination. You need something to tell you when the trend might end, and something to tell you when the trend might start

It depends on what you are trading as well. IF you are trading the S&P500 futures like the ES, then watching market internals and how they act is important.

For example, RSKsys believes if a Trend starts on the Vix going short, most likely the ES or SPOOS are going long. If the TRIN is also trending short, and recent support was just hit accompanied by exhaustion signals like vix divergence and AD divergence, then it is probably a trend that will last a few hours because the market internals are in agreement. You need to also be aware of what program trading and the PREM is and how it can affect your trading.


hope this helps

 

[options4me]

Price action coupled with DMI.

Use price action as primary indicator, confirming with the DMI.
(DMI+ and DMI- lines cross along with the ADX line being below 25%, flat or rising upward as a trigger).