i will follow the sharky rule, but i am not disciplined. i want to trade all ...
so i look for a conservative style. i want to trade 2 or 4 trade pro session and will hope it helps ... i do not make more counter trends ...
the rmma in panel 2 shows condolidation zones ... never buy/sell if close is in zone ... wma 1 - 360
so i add this in doublemapaint code
sorry can not export ...
Last edited by wh; July 3rd, 2009 at 04:05 AM.
The following 2 users say Thank You to wh for this post:
So you are using a WMA(360) moving average, as in 360 bars of length and basically trading it as a long/short signal? If your paint bars would normally be long, but the WMA 360 is not yet long, then you paint yellow and vice versa for shorts?
I did something similar with SuperTrend lately (my own version, called TrendBars2). I mentioned it in the VIP section you maybe saw it.
I think it is a good idea and I like mine this way as well. I am using a different method (discussed in VIP section) but I think the method you use to calculate it is probably not critical, just find something as you have done that keeps you out of the "middle".
Are you scalping for ticks? If yes, then we are alike, so I don't need to be first in line when a trend reverses, I just need the trend to continue a few ticks so I can get my piece. Too many traders try to find the indicator that gives them that early signal, when really being first is not the best in trading.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following user says Thank You to Big Mike for this post: