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Have been using Simulated trader
Still not convinced to start the real trade as my sim money earnings are only losses.
I use HMA 21,, HMA 5, EMA 14, EMA 4 Bolinger 2,14 MACD 12,26,9 and Williams R % as indicators.
I improving, and need more help.
Nice to get in touch with all.
Hope to gain more insigt, and
to contribute when I am comfortable with my trade.
Som ( Som123)
Can you help answer these questions from other members on NexusFi?
Hello Som and welcome,
Wow, that's a lot of things to watch.
I have been trading in SIM since March but my SIM performance went up dramatically when I removed all of the indictors and started watching price with candlesticks, support/resistance, trend lines (as suggested by some here at BigMikes). If you are watching the indicators you will never learn how price on your market moves. The ES likes to move in 5 point (or multiples) increments. I don't think the indicators tell you that. My point is to learn your market then add back indicators if they add additional information.
Look at the chart I posted. Every blue arrow is about a 5 point move, except the long down is 15.
Next read the "All you need" thread. Notice how Jeff keeps his charts clean.
To me simple is better..... I don't want to look at too many indicators. Besides, all indicators are doing is telling me is what the price is doing so.... why not learn to read price action? Some of the tools that help me do this are the 50 EMA and …
first, there's absolutely nothing wrong using indicators. whatever you feel more comfortable with. I trade both ways. with indicators for breakouts and only price and volume for reversals. watching price, support / resistance and trend sounds good. but one could argue: what is a trend? higher high and higher lows? maybe, but you could also be very wrong.
one thing I noticed many people are doing here. and this is just IMHO. they're using several indicators doing or tracking the same thing. something like 3 different momentum indicators or 2 different trend indicators. this is not helpful.
I'm sure if you read through some of the threads, you'll find a lot of useful information.
that's why I don't show my breakout trades. I can't share my indicators. some are custom made, but not for sale anymore. some are self made (with a lot of help, so I don't feel comfortable to share them). but there's one, my latest addition which I mentioned many times before. the rpm indicator from cclsys. one terrific tool.
