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Finding a "trigger" signal/indicator
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Created: by Aragorn Attachments:4

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Finding a "trigger" signal/indicator

  #11 (permalink)
Trading Apprentice
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I dont like the analogy because I'd still at least be getting pancakes

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  #12 (permalink)
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Lots of skeptics


Deusomega View Post
I would run far away from any vendor claiming they can teach you how to trade. Also I would run away from any teacher who breaks down trading stages by belts like in karate lol. The easiest way to make money in trading is to sell things to new traders. I probably would if I was smart but I don't have the stomach for it lol. It probably has a much more attractive invested time vs. reward curve.


Transparency is key these days....I understand your skepticism. They have plenty of it to satify me. I've done lots of free trials in my 4/5 years of trading and I'm telling you from the research I've done that is one of the best sites for day trading if that is your style (not mine), I've come across. When I trade with those guys I average 30 to 70 pips. Just sayin...I swing trade using pitchforks but I use their daytrading entries with low risk. I'm not going to try to sell you on it, find out for yourself like I did.

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Finding a "trigger" signal/indicator-eu-long.jpg   Finding a "trigger" signal/indicator-eu.jpg  
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  #13 (permalink)
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too many years


I have spent over a decade wasting time to find better and better ways to trade the markets.
I was fortunate enough to find the right mentor for ME.
He did not teach me what to do but rather what not to do.

I have a complete BS way that gets me into a trade. I mean really BS, not a single indicator or line on my charts.

My focus is entirely one what I can PREDICT AND CONTROL....money/risk management and position sizing.
That is it.

GP

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  #14 (permalink)
Market Wizard
Columbus, OH
 
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Answer
This post has been selected as an answer to the original posters question Answer


Aragorn View Post
My original hope was that some sort of bid/ask volume tool was being used such as from gomi's or Zondor's excellent contributions. Of course RJay and others have contributed immensely but I like using recorded data for persistence. Meaning if I have to restart NT I don't lose historical volume.

at least I can confirm your "original hope".

delta volume is part of the "trigger" in my trading.

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  #15 (permalink)
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gparkis View Post
I have spent over a decade wasting time to find better and better ways to trade the markets.
I was fortunate enough to find the right mentor for ME.
He did not teach me what to do but rather what not to do.

I have a complete BS way that gets me into a trade. I mean really BS, not a single indicator or line on my charts.

My focus is entirely one what I can PREDICT AND CONTROL....money/risk management and position sizing.
That is it.

GP

I think you are exactly right...entries really are meaningless it's trade management/risk and exits that make money. I do work on my timing though to minimize my initial risk as much as possible.

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  #16 (permalink)
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  #17 (permalink)
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Vertical timing lines

Hi Silvester,
Can you share how you got those vertical lines on the chart that you posted? Market seened to react quite nicely to them.

Thank you,
Sudhir

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  #18 (permalink)
Market Wizard
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sudhirc View Post
Hi Silvester,
Can you share how you got those vertical lines on the chart that you posted? Market seened to react quite nicely to them.

Thank you,
Sudhir

those lines (background) are normally just in panel 2. I extended them only for better illustration. they originate from the delta volume indicator.

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  #19 (permalink)
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thank you

Thank you for your reply Silvester.

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  #20 (permalink)
Market Wizard
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sudhirc View Post
Thank you for your reply Silvester.

you're welcome. I do understand you were looking for a different answer. but I don't think it would do any good to post that indicator.

I can tell you that I use deltavolume, price and totalvolume to color the background. and here comes the problem. different markets behave differently. limit orders and market orders in es don't have the same impact like in tf. that's why I use different settings for different conditions in different markets.

need also to say, that just looking at this indicator is not enough. you still need to identify a proper location. also when I trade tf, I keep a close eye on es. I much rather look at other markets than higher time frames. sure I look at hourly, daily and weekly charts to find "special and important levels and trends". but while trading I prefer confirmation from another market and not from a "bigger picture".

needless to say this was a cherry picked chart. it does give wrong signals, sometimes. just wanted to show, that bid/ask studies can be used for entries. and I do believe entries are as important as exits.

of course this is all imho and in no way I'm saying this is the best and only way to trade. especially because a lot of discretion is involved.

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