what is the name of the cycle indicator that you show in your chart?
is this indicator shareable?
sorry I've to respond here. looks like someone used that iggy button.
I don't mind at all to share. only have 2 problems:
1. had a lot of help creating this indicator. need the ok from the "helper" first.
2. this post might get deleted too, as many of mine did. plus I'm off topic again.
I'm not trying to offend anybody. just think it's ok not to have the same opinion. like your system. I don't like the way you do it. does that mean it's no good? not at all. obviously it's working great. I'm happy for you. you're doing a nice job. hope you didn't take it the wrong way. people like you bring a lot to this forum.
another good example is to trade with or without indicators. you can argue all day long, there's no winner. but by seeing both sides, it could help someone making a decision what's better.
this forum already lost one of it's most valuable posters. (don't worry I'm not in that class, not even close) so maybe big mike needs to make new guidelines for his moderators.
just a thought.
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I wasn't referring to a rule to enter, I just happened to not get into the trade immediately after the 0-line cross. Since I wasn't in the trade yet but the 0-line had crossed I took advantage of the fact that the market had pulled back a few ticks so I could still get a decent entry.
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When scalping (the only predictable way to trade imo) Your looking for a pattern and a velocity so you can enter a trade move a short time then close! I only trade the DOW and i only scalp that means the only thing i and how i like my desktop is an instrument window on the left, a positions window on the bottom and the other 80% of the screen with a big chart window! Scalping you don't need indicators you don't need the news or any other BS, all you need is to watch what the DOW is doing from the time the market opens and that means you watch and when a pattern comes and the candles are in a movement that has what you think to be enough velocity to move 5-20 points in a predictable enough manner for you to open and close in that time! Sure the news might give you an idea how the day or week will go but that's secondary information! I'm at the point i can only have one red trade in 30 and 29 green and usually the red trade is small and because i needed to adjust to a volatile movement, and for a scalper volatile is when you trade because if it is moving slow even in a constant direction there isn't enough velocity for you to be able to predict where it will be that's why people that trade in a calm climate need all those tools and indicators and the news in order to predict where it will go! To me this is no way to trade! To me a fast moving chart that swings 30 or more points up and down every minute or so is far more predictable than a flaccid chart! You want to make large trades on small movements to have safe trading imo and you need to build you account balance to a high level something many people miss, you need a high balance to make large trades and 1/2% of your balance to be safe and have room! If you have $100k balance you can make $500 trades on the DOW and if you need to close because of a mess it is small enough not to hurt you so bad but allows a large trade so you can make money! With a $500 DOW trade and 10 points of movement that's $5000 in a matter of seconds and should be less than a minute, 1,2 or 3 of those a day and your gold! The real issue is not how to make successful trades that's the easy part, the hard part is understanding the system and how brokers work and how to be in the right type of account and the right broker that's not ripping you off or not crashing your platform or modem when they can't beat you!! You need to trade against the liquidity pool as a whole not one person hedging your trades at your brokers office! You need direct access/ECN and a proper amount to start with, the big boys that don't mess with you and your trades want six figures to start with and that's a fact, more so your real goal should be to become an independent and access the market yourself it's as if you were a broker but your not you don't take clients but everything else is just like a broker that way your the man and there is no chance to be messed with because you are your own broker and get non internet access to the market, your satellite connection is a direct link to the system! normal brokers you use the internet to link to their servers then you are routed through their direct access to the market! You just have to go slow and easy so you can reach the next tier until you are built up to that point!! I know my profile i put beginner that's just how my mind works sometimes! )
Last edited by specter; November 21st, 2011 at 01:15 AM.
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