@ lolu...i am very sorry for spelling your name wrong, i did not realize i spelled your name wrong until just now when i look back through this thread.
also you asked earlier in a Post about wicks and i told you i used BetterRenko , but forgot to mention that the other indicator i use is HeikinAshi ,and i believe it is Fat Tails version.
This is why the bars look this way in the chart.
The following user says Thank You to sandptrader for this post:
sand p trader-
I am a reading a book that discusses a Parabolic System:
the rules are:
-Use a 18 day DMI and ADX
-Do Not initiate any trades when ADX is downward
-When ADX begins moving upward, enter in the direction of the DMI...only if the Parabolic agrees. If the Parabolic does not agree...what until it does.
-Once a trade is entered use the Parabolic as a stop to exit
I am using a 14 day DMI and ADX. I trade another strategy but I have been observing this trade for a bit,
My goal is to reduce the frequency of my trading to 3 to 4 trades a day...with 2 runners. I would appreciate your or anyone else's thoughts.
The following user says Thank You to tflanner for this post:
Start a new thread. This thread is a journal for the user @AAlekperov, even though he isn't active any longer. It's not a general thread.
Short answer: Increase chart size. This is the best "filter" in the world, but the one no one wants to do because they are afraid to trade bigger. My solution is bigger chart, bigger stop, bigger target -- and simply adjust your size, or instrument/product, as necessary to accommodate appropriate risk for your account.
Trying to use indicators to "filter" is a futile thing.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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The following user says Thank You to Big Mike for this post: