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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.
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.
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.
Moved from Trading Journals
Moved to Traders Hideout
When creating a new thread, note which subforum you are in. Here is a short list of suggestions:
- Topic: Anything to do with an Elite indicator -> Subforum: The Elite Circle
- Topic: Looking for an existing indicator, or how-to use an indicator -> Subforum: (the platform)
- Topic: Programmer needing help with non-Elite indicator -> Subforum: (the platform) - Programming
- Topic: Want an indicator created/modified -> Reply to "Want indicator created free" in Elite Circle
- Topic: Vendors (trading rooms, commercial indicators) -> Subforum: Vendors/Product Reviews
- Topic: Discussion of Forex or Currency trading -> Subforum: Forex and Currency Trading
- Topic: Journals of your trading -> Subforum: Trading Journals or Elite Trading Journals
- Topic: General trading related discussions -> Subforum: Traders Hideout
- Topic: Discussion of a trading method -> Subforum: Traders Hideout
- Topic: Automated Trading -> Subforum: Elite Automated Trading
Last, any Elite Member may create more or less any of these topics in The Elite Circle at your own discretion (your support is appreciated).
This is just a short general list and doesn't cover everything. If you are unsure where to create your new thread, just create it in Traders Hideout and a moderator will move it if necessary.
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.
