NexusFi: Find Your Edge


Home Menu

 





Indicators are not the answer


Discussion in Psychology and Money Management

Updated
      Top Posters
    1. looks_one Andrew with 8 posts (0 thanks)
    2. looks_two wh with 5 posts (0 thanks)
    3. looks_3 benbrooke with 3 posts (1 thanks)
    4. looks_4 FBJS with 3 posts (7 thanks)
      Best Posters
    1. looks_one Big Mike with 9 thanks per post
    2. looks_two Lynx21 with 6 thanks per post
    3. looks_3 Silvester17 with 4 thanks per post
    4. looks_4 FBJS with 2.3 thanks per post
    1. trending_up 14,867 views
    2. thumb_up 37 thanks given
    3. group 18 followers
    1. forum 42 posts
    2. attach_file 4 attachments




 
Search this Thread

Indicators are not the answer

  #41 (permalink)
Andrew
sea side
 
Posts: 217 since Dec 2009
Thanks Given: 86
Thanks Received: 25

Artcole,

Yeap, that how it goes, all quite simple

That I'm trying to learn now to see correctly.
How you determine or measure when more than normal selling activity or more than normal buying activity.

Krgds,
Andrew


ArtCole View Post
If I want to be a buyer of a market I like to wait until there has been more than normal selling activity. If I want to be a seller of a market I like to wait until there has been more than normal buying activity. It doesn't take much on my trading platform these days to keep me happy.



Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
Quant vue
Trading Reviews and Vendors
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
ZombieSqueeze
Platforms and Indicators
Cheap historycal L1 data for stocks
Stocks and ETFs
 
  #42 (permalink)
 ArtCole 
Indianapolis, IN
 
Experience: Advanced
Platform: NinjaTrader
Frequency: Daily
Duration: Days
Posts: 27 since Jan 2010
Thanks Given: 6
Thanks Received: 2


Andrew View Post
Artcole,

How you determine or measure when more than normal selling activity or more than normal buying activity.

Krgds,
Andrew

Trade 7am-10am cst only. 30 m chart with avg vol and pay attention to open price of bar, 5 m chart with auto trend and better vol, t&s, and many hours of screen time. My first entry may not always be the right one but I don't give up on my trade until the market tells me I am wrong. Learn to use a 30 m chart correctly because I believe it can tell you a lot about your market.

Reply With Quote
  #43 (permalink)
Andrew
sea side
 
Posts: 217 since Dec 2009
Thanks Given: 86
Thanks Received: 25


Artcole,

Thank you for advice !
Seems that time is used most of all by pro to manage their positions for next day, thus main volume is usually there.
As far as I understand you are doing 1-2 max 3 trades on 1 instrument per day.
If not secret are you using fixed stops/profit target ? and what stop/profit target ratio you are using ?
I will look more deeply in 30 min chart !

Krgds,
Andrew


ArtCole View Post
Trade 7am-10am cst only. 30 m chart with avg vol and pay attention to open price of bar, 5 m chart with auto trend and better vol, t&s, and many hours of screen time. My first entry may not always be the right one but I don't give up on my trade until the market tells me I am wrong. Learn to use a 30 m chart correctly because I believe it can tell you a lot about your market.


Reply With Quote




Last Updated on January 18, 2010


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts