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Each setting will detect different rates of change.....the slower setting for overall direction and the faster ones for pushes within that direction. Also, if you trade reversals the faster dots will be a nice confirmation of a head and shoulders reversal or a double top etc.
Can you help answer these questions from other members on NexusFi?
My $.02; if you cannot afford the $20, then you should not be looking to trade. It also seems to me that you are looking for the "miracle" indicator that will suddenly make you profitable, and while the ones shown here are great, this alone won't make you money. I would recommend you spend more time on the psychological / money management threads here on the forum. Please also keep in mind, you are getting much more for your $20. $20 is a contribution to a great forum, and this forum and most everyone here is here to help you. You have probably already gained enough information here to save you the $20 many times over. In the sense of helping you, I would recommend you create a journal here showing your trades so we can all provide feedback and help you improve on your system.
first, let me say, gary is a gentleman - im not, and im going to give it to you straight
if you're making a funny about losing all your money then yeah i agree, its funny
but, if you're serious and lost all your money trading then turn this computer off and stop trading cause guys like me will take your money in a new york minute - if you didnt learn your lesson the first time you're never going to learn it
OK, first short.....why did we take it? Because I felt the double top was in place and was breaking down. So we took quick profits at +8 moved up the stop to breakeven +1 and set the previous swing low as the target. Then following a period of consolidation the swing low breaks...we jump on it take quick profits at +8 which happen to coincide with the previous swing low, moved the stop up to breakeven +1 and go for a ride. Once it started really tanking off I felt that there was a shot at the 9800 (also a swing low from the globex session) so I set my target at 9800 BINGO like a magnet. If you are not aware of these numbers you will not have any idea what a reasonable expectation is for a target.
Support and resistance being tested over and over and over and over....that's all this is.
Haim....I am in full agreement with Gary. If you can't cough up $20 to support the forum you should not be trading.
The 10 range bars big brother......the 15 range bar. They are like siamese twins....they don't go anywhere without each other. Same set up. This is the "Double Triple" as discussed earlier. Note the color bars on the Triple EMA Dots (2) is set to true.
Thanks to Sharky for donating the Triple EMA Dot !!
Same set up. This is the "Double Triple" as discussed earlier. Note the color bars on the Triple EMA Dots (2) is set to true.