If you were forced at gun point to trade using only one Indicator you felt had the most statistical advantage to you, which would you use? If you had to use only one reoccurring setup or pattern to profit from with this indicator, which would it be? You can decide not to use an indicator but you still need a setup with some guidelines. You cannot use news releases or any outside fundamental information. You can only use one contract per trade and each trade cannot last over 30 minutes.
I'd appreciate it if you can include a picture of the setup or indicator. If you choose to back-test your strategy please post some statistics or log of trades.
Please refrain from digressing into any debate over the necessity of several indicators, this being holy grail searching, or any other problems/issues with this scenario outside of the specific question asked.
Thank you for your cooperation.
Last edited by sidney7g; June 23rd, 2011 at 10:20 AM.
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If I only were to use a single indicator, it would be the VWAP with standard deviation bands. It tells me whether price is above or below what price has been during the session so far. I would buy or sell the VWAP and the 2SD bands, if confirmed by price action.
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