I can do them one at a time.
What's the best timeframe for using TA?
- Thread starter farmerjohn1324
- Start date
I can do them one at a time.
Attachments
True, it's always easier to curve fit less data than more data.
I find it funny that people respond with such nonsense... And then they have the audacity to call me "stupid"...
Like this?
Attachments
Oh yeah.
Support Resistance trading is the idea here.
check out the link below for an idea or two.
Partial to Hammers at Support and Resistance here, the example shows how they can work, they just show Engulfing's rather than Hammers.
Hammers to me can mean shooting star, hanging man, whatever, just as long as the wick is at least 2x the length of the barrel of the candle.
What you might do before paper trading would be to look for 5 Examples of the Setup That Did NOT work, but keep track of the ones that did work by just keeping a count on a pad and paper.
So the list will look like Worked iiiiii, Not Worked iiiiii.
For the Not Worked, take Horizontal Screenshots that take the entire screen and include as many candles onscreen as will likely be useful to you while you are travelling and whatnot, just like you will use it if you like the setup.
check out this link for an idea or two.
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-10#post-5014575
It is if you believe it is. The problem is that people try to make TA into a quantifiable science. TA is a bunch of tools. It is how you use and apply those tools.