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The PandaWarrior Chronicles
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The PandaWarrior Chronicles

  #511 (permalink)
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PandaWarrior View Post
-8 today.

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guess...you were short side biased on this...your short trade ( -10 ) after spotting reversal ( Red circle ) and long trade ( -7 ) in center.

Harvest The Moon
Nest The Market
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  #512 (permalink)
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bluemele View Post
Indeed I do.... Sad isn't it..

I need to confess too. I changed my timeframe again, and dropped an oscillator in favor of another!

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  #513 (permalink)
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Cloudy View Post
I need to confess too. I changed my timeframe again, and dropped an oscillator in favor of another!

I to have another confession....I think all oscillators are junk.....just my unlearned opinion. I've used them and for the life of me, cant figure out how in the world they are of any help.....

As to time frames, if you go up in time frame to cut down noise, not such a bad thing, if you go down in time frame in an attempt to make your stop smaller, be very careful. Its a trap. If you go down in time frame to generate more signals for a good system, then thats probably ok, but going up is the better option.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #514 (permalink)
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Good advice PW,

Find a sweet spot in your MAIN timeframe that agrees with your R:R and psychology and risk parameters. If you go down 3 timeframes and it degrades alot in win% and r:r and just seems more random, that timeframe is too small.

If that is the case, you could drop a bit from your MAIN timeframe by 25 or 50% (but not 300% lower) if you want smaller risk in terms of absolute $$; just make sure it is nearly as robust as the MAIN timeframe you found works best for you.

The old adage of 3 main timeframes (either dynamic such as tick/volume or range or static such as time based) and a 4th for longer term (time based interval) is good advice from hundreds of traders for many decades.

Always better to look HIGHER in timeframes to confirm your lower-timeframe entries. Look higher--not lower.

Finally, (just my own advice) find ways to relax and/or reach your 'zen' when there are no signals. Brainwash yourself into enjoying this time and tell yourself you actually prefer this time so you can just chill while patiently and calmly waiting.

I listen to music and do esoteric/technical charting on a higher time-based interval for fun while waiting for regular timeframes to line up for a good setup that adheres to my rules and trading plan.

peace

Hedvig


Last edited by researcher247; February 17th, 2012 at 11:01 AM. Reason: Retarded sentence structure cleaned up...
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  #515 (permalink)
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lol. Most oscillators probably are junk. And they all lag. The one's I use are mainly to look for momentum pushes, and divergences, and sometimes drawing trendlines on them. At some certain points in time I'd like to think they are useful for that, and for the rest of the time they can be misleading noise. Good points about time frames. Thanks.


Last edited by Cloudy; February 17th, 2012 at 12:36 PM.
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  #516 (permalink)
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Cloudy View Post
lol. Most oscillators probably are junk. And they all lag. The one's I use are mainly to look for momentum pushes, and divergences, and sometimes drawing trendlines on them. At some certain points in time I'd like to think they are useful for that, and for the rest of the time they can be misleading noise.

What is your fav div indie?

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  #517 (permalink)
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bluemele View Post
What is your fav div indie?

you didnt ask me, but this is mine :

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its a combo of 2 D9POs...

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
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  #518 (permalink)
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bluemele View Post
What is your fav div indie?

Probably MACD now. I've seen "instructors" use RSI or CCI. CJBooth used stoch divs in his thread for hidden divergences for entries, and Rsqueeze divs for exit warnings. TICK (with BBands or a keltner channel )can be good if trading an RTH index.

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  #519 (permalink)
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madLyfe View Post
you didnt ask me, but this is mine :


its a combo of 2 D9POs...

I always thought that one sounded a bit like a star trek weapon....

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #520 (permalink)
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Sure is a big "Delta Nine Particle Oscillator" cannon!

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