Where I'm at

[farmerjohn1324]

If you're looking to swing-trade, then equities trend better than most markets.
Moving averages work pretty good for trending markets.
Zoom out so your emotions aren't up/down based on every candle change.
Create a few rules based upon the MAs.

Example: Ribbon above MA = LONG only. Ribbon below MA = SHORT only. Price must be above/below ribbon.

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Yes, and equities also tend to trend UP. Like 95% of the time. If equities are trending down, that is a temporary situation.

The first time I ever made a large bet was in September. I wish I wouldn't have placed it. I bet against the economy because I had lots of things that I thought were telling me that a recession was upcoming. (which it still might be, actually).

So I had some cash sitting around and I guessed that it would be worth more if I put it in these funds (3x gold and 3x bonds) until I needed it. I was wrong.

I learned from this to NEVER BET AGAINST THE ECONOMY. Even if you manage to time everything right, I probably would have missed all kinds of money on the upswing. The economy will always go up over time.

 

[ph1l]

I am right now trying to find the right combinations of technical indicators that I can back test. I am open to all suggestions.

I have made a TradeStation account

This book has EasyLanguage code (for use inTradeStation) for various cyclical indicators.

 

[farmerjohn1324]

waiting for the d$sir$d outcom$,,

Desired outcome. Or a loss.

Or being stuck in the position longer than you wanted and thus dealing with opportunity cost of having that money tied up.

 

[formikatrading]

Maybe more important than the indicators are the time frames.

So what's a good combination of indicators?

What's your personal favorites?

 

[farmerjohn1324]

Maybe more important than the indicators are the time frames.

Don't you need both? I already said daily candlesticks

 

[farmerjohn1324]

Maybe more important than the indicators are the time frames.

Swing trading is my timeframe.

 

[Epicurus]

If technical indicators have no value, then there is no point in me being here.

However, I've already seen some successful people say that they do.

To clarify, I call Technical Indicators stuff you normally calculate with a computer, like MACD, RSI, Bollinger Bands etc. Versus Classical charting techniques which are those you can see graphically and hand draw on a chart: Trends, Trend Lines, Price levels, EW, pattern analysis, time analysis etc.

You'll find your way there when you are ready. Or you won't

 

[farmerjohn1324]

To clarify, I call Technical Indicators stuff you normally calculate with a computer, like MACD, RSI, Bollinger Bands etc. Versus Classical charting techniques which are those you can see graphically and hand draw on a chart: Trends, Trend Lines, Price levels, EW, pattern analysis, time analysis etc.

You'll find your way there when you are ready. Or you won't

What way where?

I'm looking for a system based on mathematics to tell me if it's more likely a good time to buy or sell. Something like this...

 

[formikatrading]

I would recommend weekly, daily and hourly charts if you're swing trading. But that's me.

Swing trading is my timeframe.

 

[IAlwaysWin]

I suggest you go back to the drawing board!