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One indicator to rule them all


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One indicator to rule them all

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  #1 (permalink)
 Big Mike 
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You are forced to pick only one indicator to trade with.

One single indicator only.

What indicator do you pick, and why?

Mike

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  #3 (permalink)
 redratsal 
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Vwap and its standard deviations, same reading any time frame/chart, one of the mostly used indicator by the trading industry and by institutional traders.

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  #4 (permalink)
 Big Mike 
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My answer would probably be VWAP w/SD bands. It helps me frame price in my mind, and I think along with my mental notes on pivots (which I can calculate myself if I had to) I would be fine.

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 Big Mike 
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redratsal View Post
Vwap and its standard deviations, same reading any time frame/chart, one of the mostly used indicator by the trading industry and by institutional traders.

I see we think alike

Many who have read all my posts know I am partial to having some sort of oscillator in panel 2, but I think when push comes to shove --- having just one indicator, one indicator only --- it would have to be VWAP and I can live without the oscillator as it is not telling me anything I don't already know by looking at price. Whereas I can't calculate VWAP + SD in my head.

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  #6 (permalink)
 lolu 
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A new recent look @ the BB should suffice for me.



Lolu

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  #7 (permalink)
 madLyfe 
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lolu View Post
A new recent look @ the BB should suffice for me.



Lolu

heh i hope that ends up in the download section at some point.. you can eyeball the BBs but the coloring does make it easier..

anyways i would go out on a limb and say if you could give a good trader any indie, but only one, and they could make it work if they spent enough time with it.. for me, i would have to say an SMA(50) because i like to watch price action around them and patterns that occur around them...

dont believe anything you hear and only half of what you see

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  #8 (permalink)
 tellytub 
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200 EMA, and make sure you take pull backs. Also make sure you take trades with the trend.

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  #9 (permalink)
 Cloudy 
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20 EMA if only one. (Al Brooks PA)

If I could have two indicators, 20 EMA & BollingerBands, lots of countertrend setups can be easier seen with BB such as initial penetration of outer band and subsequent failure to retest entry types. Width of BB generally indicates volatility. Change of slope of overall BB can help identify trend. The outer and center bands can be used as temporary s/r like in sideways trading range periods. Works well with PA and individual candle analysis. Works on many time frames and types of charts.

Oh wait, I guess one could make the center band of the BB a 20 EMA too, so the choice of one indicator could still be BB with center band 20 EMA

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 Big Mike 
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lolu View Post
A new recent look @ the BB should suffice for me.

Lolu

What about the 'why' part...

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  #11 (permalink)
 vvhg 
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I wouldn't have a hard time choosing, as I don't use many indicators (there was a time when I did, though). For me it would also be the 20EMA, I really value it as a great yardstick to set me into perspective.

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  #12 (permalink)
 Delta_Panther 
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As I am more in options the choice is Option Volatility.

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 SARdynamite 
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I like SMA1 the best. Pure, raw, lag free info. So good you can actually forget about the historical and live price feed and trade it on its own

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  #14 (permalink)
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Cumulative Delta (CD).

CD is useful as it tells you something about the consumption of liquidity which is a pre-requisite for any price move.

It is not useful in all markets because people don't operate the same in all markets (in terms of limit vs market orders).

CD is based on data that you cannot see in the time/price/volume series and is therefore an additional dimension of data you are looking at as opposed to price based indicators which basically regurgitate the data you are already looking at.

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 dnof 
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Depends on timeframe, but for my daily trading it would be either:

1. VWAP, or
2. Support Resistance Confluence Areas: (Hat-tip to MTG (Scott Andrews) - Where Pivots and various key price levels (Prior day OHLC, Weekly Pivots, 5-10 day HL etc) - essentially key areas where multiple key numbers align - a measure of price action

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 trendisyourfriend 
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I was tempted to mention, to me it is volume profile with 2 standard deviations (daily, weekly) but after some thoughts and looking how i try to simplify everything, i would probably select the initial balance indicator as proposed by Fat Tails. When price is above the 1 minute range, my bias is to the long side, when price is below the 1 minute range my bias is to the short side. My targets are the top or bottom of the initial balance or a multiple of it or one of the Globex peaks (High/Low). This indicator alone offers a simple frame of reference. It works very well on the ES.

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 cory 
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Fib expansion (F9) to figure out turn around points (retrace or reverse).

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 lolu 
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Big Mike View Post
What about the 'why' part...

Mike

This new look at BB

1. lets me see the formation of S/R points and levels real-time and based on SMA (so, I don't need any other S/R indicator or even a Pivot indicator)

2. gives me a high level of predicting the contraction and expansion of the spread via the in-built Standard Deviation

3. gives me Exit signals

4. confirms Entry signals

It is curious to note that the BB is in-built with the MA (various choices of MAs) and Standard Deviation indicators.

Lolu

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 Rad4633 
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Bollinger_ its all I use it shows me up or down with its sma and I can see rev coming with the movement of the bands

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 Rad4633 
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lolu View Post
This new look at BB

1. lets me see the formation of S/R points and levels real-time and based on SMA (so, I don't need any other S/R indicator or even a Pivot indicator)

2. gives me a high level of predicting the contraction and expansion of the spread via the in-built Standard Deviation

3. gives me Exit signals

4. confirms Entry signals

It is curious to note that the BB is in-built with the MA (various choices of MAs) and Standard Deviation indicators.

Lolu

After I posted my reply I saw urs, Looks Like we think alike

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  #21 (permalink)
 Trafford 
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If I I had to pick an indicator I think it would be Fat Tail's Noise and Volatility bands. The Euro just tends to gravitate to those bands like no other. The other would be to have an open and calm and peaceful mind.

Trafford

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 Private Banker 
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Gom Volume Ladder comes to mind for me. Indicators should only serve as confirmation into what you're seeing in price action of course. The volume ladder allows you to see under the hood as things are unfolding. VWAP and SD levels are right up there though.

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 Deucalion 
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Big Mike View Post
You are forced to pick only one indicator to trade with.

One single indicator only.

What indicator do you pick, and why?

Mike

Oooh, this is so simple. MTP's EW tool - one tool allows me to continue to frame price action into the waves I like (via both MTP logic or my own if I wish to change it). And that is the bulk of my trading. But the real deal is that with the same one click I can continue to use position sizing, stops and reward objectives.

Really no contest for me. I retain my edge.

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 Gabriyele 
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..........it sure does not get any better then this




................or does it ?

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  #25 (permalink)
 devdas 
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If TPO Profile ( especially from MD ) can be termed as "indicator" ....enough for me..neat n clean..

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  #26 (permalink)
 Family Trader 
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Well.... I have to admit I don't really like indicators,but EMA100 has been a boon for me this year in 6E and ES.

My current giggle is 6E 4H . I close every day and reopen to pick up +/- 20 pips...tripped up badly Tuesday when it did not give me +20. Cost me 100 potential profit

Personally, I prefer to trade bonds price action to ES and use a R1 or S1 to cover.

Happy New Year to y'all.

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 shodson 
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Probably Bollingers, because I can't compute them manually as easily, and I like to see when things deviate beyond the norm. However, the one I use the most is ATR, I like to see how volatile the market is and size targets and stops accordingly so I can gauge what to expect from the market in terms of the size of movements. I also look at ranges a lot, and previous day OHLC, like to see gaps and take longs above yesterday's close and short's below yesterday's close, but those are just lines/levels that can be easily drawn manually. Donchians too, see if we're making new highs/lows over a given period.

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 Mercury 
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For me its Volume Profile and VWAP ,( well thts two ) bt cant do w/o.

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 Fat Tails 
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Cloudy View Post
20 EMA if only one. (Al Brooks PA)

If I could have two indicators, 20 EMA & BollingerBands, lots of countertrend setups can be easier seen with BB such as initial penetration of outer band and subsequent failure to retest entry types. Width of BB generally indicates volatility. Change of slope of overall BB can help identify trend. The outer and center bands can be used as temporary s/r like in sideways trading range periods. Works well with PA and individual candle analysis. Works on many time frames and types of charts.

Oh wait, I guess one could make the center band of the BB a 20 EMA too, so the choice of one indicator could still be BB with center band 20 EMA

I have added a few 20 EMAs to the chart below. Which one do you use to rule them all?

Or do you think that all traders use the same type of chart?


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  #30 (permalink)
Nasdin94
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This indicator here

Why? Cause I think it might just be the best indicator o ut there.

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  #31 (permalink)
 Big Mike 
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Nasdin94 View Post
This indicator here

Why? Cause I think it might just be the best indicator o ut there.

The top secret one, so powerful that you can't even show its name. haha.

Mike

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  #32 (permalink)
 wldman 
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there can be no purposeful point to that.

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  #33 (permalink)
 cory 
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Big Mike View Post
The top secret one, so powerful that you can't even show its name. haha.

Mike

he posted it here multiwave-W

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  #34 (permalink)
 Rad4633 
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cory View Post
he posted it here multiwave-W

curious whats in it Cory, just curious didnt say I was wanting to use it

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  #35 (permalink)
 bluemele 
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The most interesting thing that I have come to realize in the difference between the traders of forex and futures...

Forex Traders tend to give out all indicators, templates, information and never really much worry

Futures Traders are much more concerned and reserved about their 'edge'

The most amazing thing though, you can have a great little mechanical system like Ducman's and yet hardly anybody is even testing or playing with it. If this were in FOREX you would have dozens of dude's live testing it.

The magic indicator really is us and it is just a matter of where our radar is turned at the moment and if it is powered up properly.

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  #36 (permalink)
 Rad4633 
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bluemele View Post
The most interesting thing that I have come to realize in the difference between the traders of forex and futures...

Forex Traders tend to give out all indicators, templates, information and never really much worry

Futures Traders are much more concerned and reserved about their 'edge'

The most amazing thing though, you can have a great little mechanical system like Ducman's and yet hardly anybody is even testing or playing with it. If this were in FOREX you would have dozens of dude's live testing it.

The magic indicator really is us and it is just a matter of where our radar is turned at the moment and if it is powered up properly.


I couldnt agree more, well said

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  #37 (permalink)
 vegasfoster 
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bluemele View Post
The most interesting thing that I have come to realize in the difference between the traders of forex and futures...

Forex Traders tend to give out all indicators, templates, information and never really much worry

Futures Traders are much more concerned and reserved about their 'edge'

The most amazing thing though, you can have a great little mechanical system like Ducman's and yet hardly anybody is even testing or playing with it. If this were in FOREX you would have dozens of dude's live testing it.

The magic indicator really is us and it is just a matter of where our radar is turned at the moment and if it is powered up properly.

True dat, all you guys ever see are my experimental charts, the real thing would blow your minds.

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  #38 (permalink)
 Big Mike 
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vegasfoster View Post
True dat, all you guys ever see are my experimental charts, the real thing would blow your minds.

I like to be blown.

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  #39 (permalink)
Nasdin94
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Big Mike View Post
The top secret one, so powerful that you can't even show its name. haha.

Mike


This made me laugh. Thank you.

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  #40 (permalink)
 buzzsaw 
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Big Mike View Post
I like to be blown.

Share...

Mike

My mind has never been blown. Give it a try!

Buzzsaw

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  #41 (permalink)
 MWinfrey 
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Instead of an indicator, I choose 2 tick range chart squished together so it looks like an indicator. I can see where the consolidations are as well as where the market it moving. Also shows support and resistance which is where the consolidations are.

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  #42 (permalink)
 monpere 
Bala, PA, USA
 
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Good ole' fashion MACD, if you want to trade reversals in momentum and catch short term swings at the very top/bottom of their apex. The MACD.Avg will warn you a divergence is coming, and the MACD.Diff will pinpoint your entry bar.

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  #43 (permalink)
 jmacn 
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@monpere
Can you provide links to MACD.AVG & MACD.DIFF?
Regards jmacn

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  #44 (permalink)
 monpere 
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jmacn View Post
@monpere
Can you provide links to MACD.AVG & MACD.DIFF?
Regards jmacn

Sorry, that's how they are referred as in NinjaScript. It's just the Standard MACD with 3 lines, MACD line, MACD.Avg (Signal line) and MACD.Diff (histogram).

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  #45 (permalink)
 Sunil P 
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Fisher Transform...great for scalping,quick accurate turns.
DStoc calibrated properly.
Ergodynamic.
Supertrend at a 'higher' time frame. My favorite.

All good as long as they are calibrated together to give confimation at 'about'the same time if on one chart.

Ya more than one,I am non conformist. hehe

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  #46 (permalink)
MoneyHor
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Big Mike View Post
I like to be blown.

Don't we all.

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  #47 (permalink)
 Sunil P 
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lol...

wonder if there is a secret sauce indicator for the retail crowd....

Boys at GS and JPM might be the ones to phone,I am pretty sure its only for our eyes if we show 6 figures plus.

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  #48 (permalink)
 rafiqtrader 
toronto canada
 
 
Posts: 9 since Feb 2012

What happened to the "Gap Trade"? anyone still trading the gap?

There was a time that everyone thought this was the easiest trade...what happened?

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  #49 (permalink)
 Colin F 
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Big Mike View Post
My answer would probably be VWAP w/SD bands. It helps me frame price in my mind, and I think along with my mental notes on pivots (which I can calculate myself if I had to) I would be fine.

Mike

Hey Mike, is this the VWAP you are talking about?

Colin
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 mrphr 
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Horizontal Lines, such as highs and lows. I am a price purist and indicators are pretty much worthless to me. If horizontal lines is not considered to be a indicator then my favorite has to be the ATR, the ATR is the only indicator that I use in conjunction with highs and lows... But I use the ATR in a non usual way.

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  #51 (permalink)
 ThatManFromTexas 
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Fat Tails View Post
I have added a few 20 EMAs to the chart below. Which one do you use to rule them all?

Or do you think that all traders use the same type of chart?



Works for me ....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 TheWizard 
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ThatManFromTexas View Post
Works for me ....

OK, TMFT, Fess up. What's the combination of MA's??

Pretty, too!!

Thanks.

After all, it's what you learn AFTER you know it all, that counts!
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  #53 (permalink)
 Sunil P 
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smoother version of the Guppy?

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  #54 (permalink)
 Big Mike 
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You might check out futures.io (formerly BMT) Wave from a few years ago, reminds me of same principle. Also @websouth uses similar approach.



Mike

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  #55 (permalink)
 ThatManFromTexas 
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TheWizard View Post
OK, TMFT, Fess up. What's the combination of MA's??

Pretty, too!!

Thanks.


EmaMult21A.cs


Big Mike View Post
You might check out futures.io (formerly BMT) Wave from a few years ago, reminds me of same principle. Also @websouth uses similar approach.



Mike

One of the purdiest indicators ,ever....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #56 (permalink)
 lolu 
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ThatManFromTexas View Post
Attachment 63318



One of the purdiest indicators ,ever....

TMFT,

Yeah, yeah ... see how I "purdiciously" tweaked and used it on this page here.

Lolu

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  #57 (permalink)
 buzzsaw 
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mrphr View Post
Horizontal Lines, such as highs and lows. I am a price purist and indicators are pretty much worthless to me. If horizontal lines is not considered to be a indicator then my favorite has to be the ATR, the ATR is the only indicator that I use in conjunction with highs and lows... But I use the ATR in a non usual way.

Please explain the unusul way you use the ATR. Annotated pictures are always helpful. You might find that what you think is unusual may not actually be. Let's find out!

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  #58 (permalink)
 buzzsaw 
Leesburg, VA
 
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TheWizard View Post
OK, TMFT, Fess up. What's the combination of MA's??

Pretty, too!!

Thanks.

Very pretty. Share and describe how you use it.

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  #59 (permalink)
Mountain Hiker
Nashua, N.H.
 
 
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I'm not a big fan of indicators, - most are showing recent history. The "real action" in on the price chart itself, - and moving averages or support/resistance/trend-lines are good places to start. - Having said that, I use weekly charts for entries, with a moving average cross-over along with mac-d as a back-up. (12-24-34 usually)

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  #60 (permalink)
 aligator 
Las Vegas, NV
 
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Predictions using averages are average predictions.

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  #61 (permalink)
Mountain Hiker
Nashua, N.H.
 
 
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aligator View Post
Predictions using averages are average predictions.

.
I don't make predictions, don't believe in them. - Simply "playing the odds" that if a stock or etf is above it's moving average or trend-line etc. there's "a chance" it will stay there awhile longer, - if it doesn't, dump it.

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  #62 (permalink)
 monpere 
Bala, PA, USA
 
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Mountain Hiker View Post
I'm not a big fan of indicators, - most are showing recent history. The "real action" in on the price chart itself, - and moving averages or support/resistance/trend-lines are good places to start. - Having said that, I use weekly charts for entries, with a moving average cross-over along with mac-d as a back-up. (12-24-34 usually)



aligator View Post
Predictions using averages are average predictions.

Depends on how you use moving averages. I use MACD to predict the market, in the form of standard divergence. MACD is just simply a couple of moving averages, and the relation between them.

If an indicator has any value of the current bar in it's formula, it is incorporating the 'real action', not just showing history. When a price action trader looks at a double top, a trend line, a wedge, a historical S/R level, etc. etc., he is incorporating history in his analysis. If you look left when you analyze a chart, you are looking at history. Indicators are price action analysis translated into a formula, what it comes down to, is your interpretation of what it is telling you, just like your interpretation of the significance of 3 red bars followed by on green bar.

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  #63 (permalink)
 ThatManFromTexas 
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lolu View Post
TMFT,

Yeah, yeah ... see how I "purdiciously" tweaked and used it on this page here.

Lolu

Nice looking chart, but ... it made my head hurt ...


buzzsaw View Post
Very pretty. Share and describe how you use it.

@buzzsaw

See Post # 55 for attachment

I don't use MA crossovers for signals per se...

If all the different lengths are aligned and uniform (red for down green for up) look for pullbacks or compression/expansion.

If all the lines are compressed tightly on top of each other with little or no slope , wait for expansion

Exit at Target or Exit at next compression or Exit when Price crosses the longest EMA against your position, depending on what you feel more comfortable with.




I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #64 (permalink)
 timefreedom 
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@ThatManFromTexas,

Very glad to see you back and posting again. I love your implementation of the line on close bar type. How do you get the close dots and how do you get your line to change color based on whether it's an up close or down close? Thanks.

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  #65 (permalink)
 Silvester17 
Market Wizard
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timefreedom View Post
@ThatManFromTexas,

Very glad to see you back and posting again. I love your implementation of the line on close bar type. How do you get the close dots and how do you get your line to change color based on whether it's an up close or down close? Thanks.

I don't know how he did it, but here's what I would do. whatever chart style you're using, make sure to put everything to transparent. and also it's for using range bars.


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  #66 (permalink)
 trendisyourfriend 
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monpere View Post
...I use MACD to predict the market...

I am sure smart money look at the MACD too just to be sure they can see where dump money will enter the market to fade it

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  #67 (permalink)
 monpere 
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trendisyourfriend View Post
I am sure smart money look at the MACD too just to be sure they can see where dump money will enter the market to fade it

Yeah, all the guys looking for MACD crossovers, and zero line rejections, etc. on 5m, 15m and 60m charts. I don't even display those macd attributes on my charts.

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  #68 (permalink)
 ThatManFromTexas 
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timefreedom View Post
@ThatManFromTexas,

Very glad to see you back and posting again. I love your implementation of the line on close bar type. How do you get the close dots and how do you get your line to change color based on whether it's an up close or down close? Thanks.

@timefreedom

Here ya go

You can turn the dots and lines on/off.

It asks if you want to hide the price bars or not.

If you set the chart type to Line On Close, set the width to "1" in Data Series.

ThatManfromTexasCloseLineColor.cs

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #69 (permalink)
 Big Mike 
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monpere View Post
Yeah, all the guys looking for MACD crossovers, and zero line rejections, etc. on 5m, 15m and 60m charts. I don't even display those macd attributes on my charts.

I did a quick search and couldn't find any general thread about trading divergence. Existing threads seem to be focused on specific indicators or vendors or hidden divergence, etc. Since you trade divergence, I hope you will start a new thread just to focus on the broad topic of trading divergence, and you can share why you use MACD vs RSI or other indicators but more importantly I think the topic should be on identifying divergence that works vs a failed divergence.

Mike

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  #70 (permalink)
 mrphr 
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buzzsaw View Post
Please explain the unusul way you use the ATR. Annotated pictures are always helpful. You might find that what you think is unusual may not actually be. Let's find out!

It is a modified ATR [Custom Programming] based on percentage.

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  #71 (permalink)
 ThatManFromTexas 
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trendisyourfriend View Post
I am sure smart money look at the MACD too just to be sure they can see where dump money will enter the market to fade it

I always had a real problem with the "big guys" moving the market just enough to take out my stops and then reversing the market again. But I didn't realize how much control they had until they started doing it when I was trading in SIM. So today I started paper trading (with a pencil on real paper) ... and they just took out my stops again... greedy bastards...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #72 (permalink)
 trs3042 
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ThatManFromTexas View Post
I always had a real problem with the "big guys" moving the market just enough to take out my stops and then reversing the market again. But I didn't realize how much control they had until they started doing it when I was trading in SIM. So today I started paper trading (with a pencil on real paper) ... and they just took out my stops again... greedy bastards...

AHA............There's that humor we've all missed for awhile. Gotta love it!!!

Rick

"If you're going to panic during a trade............. panic early."
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 aligator 
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Big Mike View Post
I did a quick search and couldn't find any general thread about trading divergence. Existing threads seem to be focused on specific indicators or vendors or hidden divergence, etc. Since you trade divergence, I hope you will start a new thread just to focus on the broad topic of trading divergence, and you can share why you use MACD vs RSI or other indicators but more importantly I think the topic should be on identifying divergence that works vs a failed divergence.

Mike

Mike,

I started a thread not too long ago called Trading Triangles with the goal of exploring divergence opportunities, pretty much what you have in mind, I just did not call it divergence. I had to it let go, because some people did not even give it a chance to get off the ground.

Some threads start a with a serious idea, then get so much unproductive attention or get hijacked that the originator finds it time consuming and difficult to continue.

Cheers!

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  #74 (permalink)
 TheWizard 
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mrphr View Post
It is a modified ATR [Custom Programming] based on percentage.


..... that you're willing to share with us ? ? ?

After all, it's what you learn AFTER you know it all, that counts!
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 trendisyourfriend 
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Big Mike View Post
I did a quick search and couldn't find any general thread about trading divergence. ...


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  #76 (permalink)
 PowerBroker 
DetroitMIUSA
 
 
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I like the "HOLY Grail" indicator.. OH wait? You didn't know there was one? LMAO

The holy grail of indicators is the one that works for YOU! The one that is right and is right at the right time. At the right time? The time you click the mouse to enter your trade. Period... You can tweak it, you can bend it, you can color it. Doesn't matter. Does it MAKE YOU MONEY??

I like the ATR set to 4. It's like shooting ducks on a pond. 3 winners in a row today. Yahoooooo I was done at 9:30am today. Oh wait that's the open..HMMMMM the ATR???? Could be something to it!!

If you are trading with basic canned indi's you mine as well write the check to your broker now. Why would anyone use an indi that doesn't plot until the move is already done? You'd be trading or making a decision on data that is past and over with.. NOT me baby!!! I like money! I like it so much I want to keep what I already have and take more of "theirs" $1500 from today buys a few pounds of fuel for the ole G5.

Trade smart OR JUST DON'T TRADE.....

PowerBroker

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  #77 (permalink)
 TheWizard 
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PowerBroker View Post
I like the "HOLY Grail" indicator.. OH wait? You didn't know there was one? LMAO

The holy grail of indicators is the one that works for YOU! The one that is right and is right at the right time. At the right time? The time you click the mouse to enter your trade. Period... You can tweak it, you can bend it, you can color it. Doesn't matter. Does it MAKE YOU MONEY??

I like the ATR set to 4. It's like shooting ducks on a pond. 3 winners in a row today. Yahoooooo I was done at 9:30am today. Oh wait that's the open..HMMMMM the ATR???? Could be something to it!!

If you are trading with basic canned indi's you mine as well write the check to your broker now. Why would anyone use an indi that doesn't plot until the move is already done? You'd be trading or making a decision on data that is past and over with.. NOT me baby!!! I like money! I like it so much I want to keep what I already have and take more of "theirs" $1500 from today buys a few pounds of fuel for the ole G5.

Trade smart OR JUST DON'T TRADE.....

PowerBroker

Chart type?
Period?
# of contracts?

Visual representation? (screenshot) would be helpful to back all this up!

SHOW me the money!

Just asking.......

After all, it's what you learn AFTER you know it all, that counts!
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  #78 (permalink)
 ThatManFromTexas 
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PowerBroker View Post
Why would anyone use an indi that doesn't plot until the move is already done......


Ahhhh ... so you finally perfected that time machine did ya Mr. H.G. Wells....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 Rad4633 
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ThatManFromTexas View Post
Ahhhh ... so you finally perfected that time machine did ya Mr. H.G. Wells....

We've never talked but I have to say GLAD ur back, Love the comments

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  #80 (permalink)
 PowerBroker 
DetroitMIUSA
 
 
Posts: 193 since Feb 2012

It is always amazing how when people become successful in trading they keep it to themselves.. That's why it's called an edge.. I guess all the answers are in the elite section the way I understand it.

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 PowerBroker 
DetroitMIUSA
 
 
Posts: 193 since Feb 2012


Quoting 
Chart type?
Period?
# of contracts?

I'd tell ya wiz. But then I'd have to kill ya..LOL JK

ES chart = 2000T 21 EMA ATR set to 4 ATM = 4x hard 8. 10 contracts. the method is ALWAYS AI/AO IF you choose to have the "runner" take 9 off at 4 ticks move SL to BE+1. If the stop gets filled then your out and there is no downside or loss. It's a win win. That's it. You only have to make 3 decisions. BUY SELL or STFO.... Where/when you do that is what makes you who you are as a trader!! You dig?

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  #82 (permalink)
 PowerBroker 
DetroitMIUSA
 
 
Posts: 193 since Feb 2012

Wiz my charts will be in my price action journal.

I am in no way saying you should trade this. I like it so I trade it. I trade both live and sim.

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  #83 (permalink)
 tigertrader 
Philly, Pa
 
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I know, I can't wait.

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  #84 (permalink)
 ThatManFromTexas 
Houston,Tx
 
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PowerBroker View Post
I guess all the answers are in the elite section the way I understand it.

Yes they are. That's how I found out where Hoffa is buried, who the second shooter on the grass knoll was, and how to attract hot young hard bodies ( I show them my financial statement and the results from my last trip to the cardiologist... never realized how many women pack a wedding dress ..... )

It's relatively painless to join. Especially for a successful trader like you....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 vvhg 
Northern Germany
 
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ThatManFromTexas View Post
Yes they are. That's how I found out where Hoffa is buried, who the second shooter on the grass knoll was, and how to attract hot young hard bodies ( I show them my financial statement and the results from my last trip to the cardiologist... never realized how many women pack a wedding dress ..... )

It's relatively painless to join. Especially for a successful trader like you....

Thanks! This post just made my day! Great to have you back.

Vvhg

Hic Rhodos, hic salta.
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 ThatManFromTexas 
Houston,Tx
 
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Some days things just break your way.


I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 lolu 
Lagos, Nigeria
 
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ThatManFromTexas View Post
Some days things just break your way.

Attachment 63657

Yes, it really does on too.


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 ThatManFromTexas 
Houston,Tx
 
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lolu View Post
Yes, it really does on too.


Glad it went your way. Yesterday TF was a break even day.

Some days' you get chickens... some days nothing but feathers ~ TMFT

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 MWinfrey 
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ThatManFromTexas View Post
Glad it went your way. Yesterday TF was a break even day.

Some days' you get chickens... some days nothing but feathers ~ TMFT

I thanked you for this post but really the thanks wasn't for the chart or anything trading related. I love the chickens/feathers deal. I love it so much I may use it myself on other forums and put MY initials at the end. I always wanted to have something quotable but it seems at this later stage of life the only way I'll get one is to steal it. So, thanks TMFT.

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 trs3042 
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ThatManFromTexas View Post
Some days things just break your way.

Attachment 63657

Hello @ThatManFromTexas,

Glad to see you posting again. Hope all is going well with you. I was wondering if you would share the indicator that's coloring the background on your "Perfect Storm" chart.

Thank you in advance,

Rick

"If you're going to panic during a trade............. panic early."
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 jtrade 
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21 EMA, bog standard, no bells & whistles.

I often wonder why I clutter up my chart, & therefore my mind, with more... (current layout shown).

Attached Thumbnails
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ID:	63707  
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 ThatManFromTexas 
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MWinfrey View Post
I thanked you for this post but really the thanks wasn't for the chart or anything trading related. I love the chickens/feathers deal. I love it so much I may use it myself on other forums and put MY initials at the end. I always wanted to have something quotable but it seems at this later stage of life the only way I'll get one is to steal it. So, thanks TMFT.

@MWinfrey

Feel free to steal from me... I probably stole it from someone else... lucky for you... I only steal from the best ...

here ya go....

You can put your boots in the oven... that don't make 'em biscuits

So damn dumb... he can't pour piss out of a boot with the directions on the heel

A man with a conviction never need fear a man with an argument

Seen a lot of good milk go bad... never seen it go the other way

Brag was a good dawg... Results was better

Cuter than a spotted puppy

Hotter than a $2 pistol

Cowboy Up .... grab that bull by the horns and wrestle it to the ground ...

If you insist on wrestling with a pig in the mud ... 2 things you gotta remember

1. No matter who wins you both come out filthy

2. Pig loves it



trs3042 View Post
Hello @ThatManFromTexas,

Glad to see you posting again. Hope all is going well with you. I was wondering if you would share the indicator that's coloring the background on your "Perfect Storm" chart.

Thank you in advance,

Rick



@trs3042

It'a a gradient that changes the background in coordination with the indicator. I got it from the "Make Charts Pretty" thread and changed the orientation from top to bottom to Right to Left.




Several traders have edited it to fit their indicators. It has quirks ... it will over ride any other screen coloring like coloring a zone between two moving averages, session end marker etc. ... it has to be the last indicator

I have a generic version, do you have a particular indicator you want it to work with or would one that doesn't change work for you? If you don't need it to change you can use the generic one or edit it.


GradientGeneric.cs






jtrade View Post
21 EMA, bog standard, no bells & whistles.

I often wonder why I clutter up my chart, & therefore my mind, with more... (current layout shown).



@jtrade

I agree with the way you think... notice my tag line...

But then again, you're probably young, healthy and still have some degree of hand eye coordination... As I get older I have to add "rubber baby buggy bumpers" to the charts to keep me out of trouble ... like the face recognition software that can detect when I nod odd and sound an alarm to wake me up....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #93 (permalink)
 Devil Man 
Legendary Capt. Johnny Jameson
Fort Lauderdale
 
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If I had to choose one indicator it would be ADX......great for confirming strength of a trend, use price action to enter on a pullback. Also works pretty well for divergence if you trade reversals.

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 jtrade 
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ThatManFromTexas View Post

@ jtrade

I agree with the way you think... notice my tag line...

But then again, you're probably young, healthy and still have some degree of hand eye coordination...

@ThatManFromTexas ... haha, I missed your post as I was on vacation in The Alps last week, but if I remember correctly, I'm only 2 years behind you, having turned 60 a couple of weeks back... (or was it MW who said he was 62 - you see, I can't remember !)


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 ThatManFromTexas 
Houston,Tx
 
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jtrade View Post
@ThatManFromTexas ... haha, I missed your post as I was on vacation in The Alps last week, but if I remember correctly, I'm only 2 years behind you, having turned 60 a couple of weeks back... (or was it MW who said he was 62 - you see, I can't remember !)


Must have been MW....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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 Maisie 
san francisco
 
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kind of thinking, perhaps it doesn't even matter which indicator u choose, so long as u see a pattern, and trade it the same way every time.

my favorite indicator isn't actually an indicator, but a trendline i draw from yesterday's low through the low of the opening 5 m bar. i look for extreme upward angles + then, selloff within 1st 15m-20m + then, bounce.

Du sublime au ridicule, il n'ya qu'un pas. ~Napoleon Bonaparte
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 Maisie 
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forgot to say, those setups don't happen very often. am amassing statistics....will post on my journal next wk

Du sublime au ridicule, il n'ya qu'un pas. ~Napoleon Bonaparte
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 Fat Tails 
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Big Mike View Post
You are forced to pick only one indicator to trade with.

One single indicator only.

What indicator do you pick, and why?

Mike

Just follow the crowd when it starts running. Get out before everybody else jumps off the cliff.

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  #99 (permalink)
 Sunil P 
los angeles
 
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 kvvinn 
toronto, ontario
 
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If you don't mind a very very basic question, is there a post somewhere that describes how to download indicators, including the cs. variety? I've been away from trading for quite a while and now for some reason I can't seem to download any of the indicators and certainly not the cs. type. I'm interested in that multi EMA cs. one mentioned by That Man From Texas.

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