Don't feel bad Cloudy. The mistakes I made today with those indi's cost me almost everything I had made in the last 3 weeks. Like 23k. It's totally whack!!!
It's my own damn fault though.. I shoulda freakin known better than to do anything other than what I had been doing that was working for me.
They only do like 3 moves in ZW and I was hoping to be able to see the turns better in there cuz I don't read regular volume very well and wasn't really using it at all.. The I saw how cool these indi's were and I thought maybe they might help me see it better. NOT SO MUCH!!!!
Dang. I didn't realize it was like that from looking at your charts. Sorry. I'm sure you'll get back on track. I liked using Cory's volume too for a while, but I realized it was just too much info displayed for me after a while which may or may not really help with entries and exits or I hadn't figured out how to use it correctly. Now I'm just using better volume3 and Big Mike's up/down volume combined. Mainly I just look for "churn" areas near divergences, and for some volume confirmation. I've never figured out how to trade directly off each volume bar.
Last edited by Cloudy; March 21st, 2012 at 03:26 PM.
Well That's a wrap!! Today's total loss was $13825. Ahhhh well. Guess I can't take the G5 out of the hanger this weekend..LOL Now it will be a challenge to make it back just using my normal PA only method that is working for me right now. That's the real beauty of the market.. You get to make it back.. RIGHT???
Let me clarify the above here. I am in no way saying today's losses were due to the indicators I was trying. It's a fact that most everyone on this forum has those and perhaps uses/ed them. I am fairly certain I just "don't get it". No big deal. I will try it again tomorrow. I am sure if 2000k people downloaded them someone has made them work. Dunno about trading with them IRM but who knows. I hope for the best and expect 0.
this is like going to xyz seminar and getting pump up about xyz indies. So as soon as you get home you load them all on and they look real good on a stale chart (in case you haven't notice all indies look real good on a stale chart). Keep them on for a couple of days if they do nothing for you, dump them. Part of process is find out what rings your bell, exmp: CCI does nothing for me.
No worries Cory and TY again for getting the link to moi. Giving it another whirl tomorrow. I have a good sim feed so I can try a bunch of charts and time frames to scope them out. If like to make it work for my ZW trades for sure to see the turns in PA.