What kind of oscillator do you use?

Quote from logic_man:

You have to admit that there is probably a better and a worse way to ask on question on this forum. Asking something so broad as the OP lends itself to a certain kind of flippant answer in response. Asking something very narrow and technical would indicate that the OP has a level of knowledge which is something that other knowledgeable posters want to engage with. When I see a smart question, I'm more likely to think that if I help (or try to help) that person, perhaps later I will get some help back from them when I have a question. There's no question that it's kind of a "quid pro quo" to post something of value. That's just the nature of the (zero-sum) game.
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What's smart to you could be dumb to me. So your logic, logic_man, is flawed. Not to mention the idea that people respond only with the hope that their questions will be answered later is utter bullshit. Ask atticus. I doubt he's ever received any help from any of us newbies.

There are professionals in this options forum who don't need an answer from anyone. And yet they still post. If your logic held any water, this whole site might as well be called Quid-Pro Trader...

As for the rest simply mocking him, sarcasm or mockery is fine so long as it makes someone smile or laugh. You guys, on the other hand, have your work cut out for you. You couldn't mock a monkey FWIW.

As to the OP's question:

Read up on Sheldon Natenberg's Volatility Trading book. It's a HUGE step. No oscillators there. Just common sense.
 
Quote from babutime:

What's smart to you could be dumb to me. So your logic, logic_man, is flawed. Not to mention the idea that people respond only with the hope that their questions will be answered later is utter bullshit. Ask atticus. I doubt he's ever received any help from any of us newbies.

There are professionals in this options forum who don't need an answer from anyone. And yet they still post. If your logic held any water, this whole site might as well be called Quid-Pro Trader...

As for the rest simply mocking him, sarcasm or mockery is fine so long as it makes someone smile or laugh. You guys, on the other hand, have your work cut out for you. You couldn't mock a monkey FWIW.

As to the OP's question:

Read up on Sheldon Natenberg's Volatility Trading book. It's a HUGE step. No oscillators there. Just common sense.
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Wow, are you just discovering that "smart" and "dumb" are relative to experience level? I'm so excited for you. What's next, your discovery that something I consider "beautiful" you consider "ugly"?

Yes, the options experts you cite as posting regardless of the fact that they don't necessarily need help from anyone are what are known as "exceptions to the rule". Tell me, since these options experts are so freely generous with their expertise, exactly how much money have you made directly from the tips they've given you? That's the ultimate test of how helpful someone is, no? How do you know they aren't throwing you off the actual trail with some red herring of an answer that sounds good but they know leads to nowhere? Since you are a self-proclaimed "newbie", how would you even know the difference between bullshit that sounds good and actual nuggets of trading wisdom?

If you mean to single me out as incapable of "mocking a monkey", you're barking up the wrong tree, since I didn't mock the OP at all, I merely commented on the fact that there is probably a reason why others did and it had to do with the naivete of the original question, indicating a certain level of inexperience that others are comfortable mocking because it's unlikely to ever come back to bite them.
 
Quote from stoic:

One thing I've used for many many years is a 10 day moving average of the NYSE TRIN vs. a 50 moving average.

When the market is oversold I tend to look more for bullish plays, and when overbought I'll look for the bearish.

=============================================

It's too bad that most on ET are "...the glass is half empty types.." The internet reminds me of Television when it first came out. TV was heralded as a new and fantastic tool for education and the dissemination of information. Instead we got commercials and "I Love Lucy" or "Married with Children".
Same with the internet, " ....A fantastic tool that will usher in a new era for education and the exchange of information and ideas...." What we got was pop-ups, cookies, and for the most part here on ET, brainless post like this:







How about it guys, How's it feel to rank right up there in intellectual status equal to "Howdy Doody" and "Lost in Space"
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Seems to me that the 'stupid' replies were implying something obvious.

Oscillators are a waste of time, just watch price - it is current, not lagging.
 
Quote from logic_man:

Wow, are you just discovering that "smart" and "dumb" are relative to experience level? I'm so excited for you. What's next, your discovery that something I consider "beautiful" you consider "ugly"?

Yes, the options experts you cite as posting regardless of the fact that they don't necessarily need help from anyone are what are known as "exceptions to the rule". Tell me, since these options experts are so freely generous with their expertise, exactly how much money have you made directly from the tips they've given you? That's the ultimate test of how helpful someone is, no? How do you know they aren't throwing you off the actual trail with some red herring of an answer that sounds good but they know leads to nowhere? Since you are a self-proclaimed "newbie", how would you even know the difference between bullshit that sounds good and actual nuggets of trading wisdom?

If you mean to single me out as incapable of "mocking a monkey", you're barking up the wrong tree, since I didn't mock the OP at all, I merely commented on the fact that there is probably a reason why others did and it had to do with the naivete of the original question, indicating a certain level of inexperience that others are comfortable mocking because it's unlikely to ever come back to bite them.
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Wow, witty! Now how about you go ahead and exude the insanely awesome online debating skills you've amassed over the years- particularly the type that attempts to start a conversation with another lame sarcasm.

"Exceptions to the rule" ? really? I wonder what the rules are. Pray tell.

I was hinting at you when I mentioned the mocking part. It was to the rest. As for the naivety of the question, yes, precisely because buddy's naive is why he's asking a question. If he knew the answers, he wouldn't ask.

Anyone who attempts to deride someone who dares ask a question without following up with something helpful should check themselves first. Their inflated ego probably doesn't correlate well with their bank balance or their IQ.
 
Quote from stoic:

One thing I've used for many many years is a 10 day moving average of the NYSE TRIN vs. a 50 moving average.

When the market is oversold I tend to look more for bullish plays, and when overbought I'll look for the bearish.

=============================================

It's too bad that most on ET are "...the glass is half empty types.." The internet reminds me of Television when it first came out. TV was heralded as a new and fantastic tool for education and the dissemination of information. Instead we got commercials and "I Love Lucy" or "Married with Children".
Same with the internet, " ....A fantastic tool that will usher in a new era for education and the exchange of information and ideas...." What we got was pop-ups, cookies, and for the most part here on ET, brainless post like this:







How about it guys, How's it feel to rank right up there in intellectual status equal to "Howdy Doody" and "Lost in Space"
More...


Hey, don't be dissin' I Love Lucy now.....
:)
 
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Quote from esby06:

Hello traders. I been trading options, buying calls and puts nothing fancy, holding them max for a week or less. I been straggling with my entry points, and im looking for some kind of oscillator or something to give me confirmation on my entries. Can someone please recommend me anything you been using with success that works?

thank you very much in advance
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Sorry OP, I try to be constructive between my snide remarks. Ditch the indicators. If prices has moved in your favor, that is your confirmation.
 
Quote from babutime:

Wow, witty! Now how about you go ahead and exude the insanely awesome online debating skills you've amassed over the years- particularly the type that attempts to start a conversation with another lame sarcasm.

"Exceptions to the rule" ? really? I wonder what the rules are. Pray tell.

I was hinting at you when I mentioned the mocking part. It was to the rest. As for the naivety of the question, yes, precisely because buddy's naive is why he's asking a question. If he knew the answers, he wouldn't ask.

Anyone who attempts to deride someone who dares ask a question without following up with something helpful should check themselves first. Their inflated ego probably doesn't correlate well with their bank balance or their IQ.
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No kidding if he knew the answer, he wouldn't ask the question. The problem is that he didn't know how to ask the question in a way that was conducive to getting a good answer. Can you see the difference?

When you said you were a "newbie", I thought you only meant at trading, not at life.

The rule, my naive internet interlocutor, is that people primarily act in their own self-interest. A subset of that rule is that people will mock those they perceive as weak for sport.

Again, I didn't mock the original question, I only pointed out why I thought others were, based on my experience.
 
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