if there was one, it wouldn't be the best anymore...
What's the best indicator?
- Thread starter sbn
- Start date
if there was one, it wouldn't be the best anymore...
Correct me if I'm wrong, but u must be talking about the Holy-Grail: the best TA has to offer.
THERUDEBOY
Guest
The best indicator?
You was born with the best indicator!
Most rational people refer to it as a 'brain'!
Try backtesting it....
You'll be suprised.
You was born with the best indicator!
Most rational people refer to it as a 'brain'!
Try backtesting it....
You'll be suprised.
THERUDEBOY
Guest
The mark 1 eyeball?
Does the mark 1 brain argue with it?
Can you control yourself?
Do you need to trade?
There are really no comments that can console the individual. People are greedy by nature. You've either got it or you have not.
Think about it?
Are you worthy of the Olympics.......in any event?
In that case......,
Why are you worthy of the markets?
Does the mark 1 brain argue with it?
Can you control yourself?
Do you need to trade?
There are really no comments that can console the individual. People are greedy by nature. You've either got it or you have not.
Think about it?
Are you worthy of the Olympics.......in any event?
In that case......,
Why are you worthy of the markets?
THERUDEBOY
Guest
You're own deciet will tell you you that you can accomplish anything on the markets.
The markets thrive on self deception.
If there was one person who knew everything....
The markets would cease.
What are you up against? Apart from yourself.
The markets thrive on self deception.
If there was one person who knew everything....
The markets would cease.
What are you up against? Apart from yourself.
TA is adjusted daily with the mkt action. some days like friday are cinch, but others require more thought and nimble fingers. I shoot for (as stated before ) a minimum of 5 handles a day on average. Not difficult, but not bragging either. i might upset some on politics but i would like to think i have helped a few here and there become a better trader.
Come April 15, i will brag to the IRS and pay my dues.....
In previous posts i have stated how i trade, Es only, daytrade only, TA only, shoot for 5 handles a day, on what i see as good setups that put in in the chair tighter i will do more contracts but am either "ALL IN or ALL OUT", no scaling in or out.
Moving avg crosses, +6 or -6 lines from the opening tick at 0930et, opening range plays, acd is watched. play retraces and watch for reversals. Hooks, etc, simple TA, no oscillators etc....
PS and pivot points as support and resist, i will trade the areas BETWEEN these spots, breakouts are my main thing
Come April 15, i will brag to the IRS and pay my dues.....
In previous posts i have stated how i trade, Es only, daytrade only, TA only, shoot for 5 handles a day, on what i see as good setups that put in in the chair tighter i will do more contracts but am either "ALL IN or ALL OUT", no scaling in or out.
Moving avg crosses, +6 or -6 lines from the opening tick at 0930et, opening range plays, acd is watched. play retraces and watch for reversals. Hooks, etc, simple TA, no oscillators etc....
PS and pivot points as support and resist, i will trade the areas BETWEEN these spots, breakouts are my main thing
Thanks. Good trading!
Quote from bighog:
... Moving avg crosses, +6 or -6 lines from the opening tick at 0930et, opening range plays, acd is watched. play retraces and watch for reversals. Hooks, etc, simple TA, no oscillators etc....
PS and pivot points as support and resist, i will trade the areas BETWEEN these spots, breakouts are my main thing
No such thing as a "cookie-cutter" system that will apply to everyone. Everybody is different in personality, risk aversion, capitalization and goals. You have to find a combination of indicators that will appeal to you and one that you understand intellectually.
For me, I like to have one volume-based, one price-based indicators using candlestick bars with multiple simple moving averages in multiple time-frames.
The concept is the same: whereas I like multiple SMAs, someone might like one SMA and a Bollinger Band. Whereas someone would like to use deep-in-the-money long calls for their swing trades. I like to use actual stocks and short out-the-money puts.
In the end, understanding the indicators that appeal to us and most of all by understanding ourselves; we will master the many ways to trade the markets.
For me, I like to have one volume-based, one price-based indicators using candlestick bars with multiple simple moving averages in multiple time-frames.
The concept is the same: whereas I like multiple SMAs, someone might like one SMA and a Bollinger Band. Whereas someone would like to use deep-in-the-money long calls for their swing trades. I like to use actual stocks and short out-the-money puts.
In the end, understanding the indicators that appeal to us and most of all by understanding ourselves; we will master the many ways to trade the markets.
Isnt' ADX and CCI similar? They both tell the current trade of market? They give the same results? No?
Why does it depend on your time frame? CCI and ADX will work in both daytrading and swingtrading time frames. Also in 5 minute candlestick, 1 minute or 30 minute or whatever minute. What time frame are you talking about?