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Koyaanisqatsi Hototo--wldman out of balance
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Koyaanisqatsi Hototo--wldman out of balance

  #791 (permalink)
Market Wizard
salt lake utah
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: CQG
Favorite Futures: ES
 
rintin2x's Avatar
 
Posts: 538 since Jun 2016
Thanks: 630 given, 516 received
Forum Reputation: Legendary

Sorry in advance...but you made it sound really funny that you covered at new ATH.

I really love reading veterans trading the same instrument as I do, because I believe I can learn here and there. Really appreciate your effort & time, keep it up Dan!

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  #792 (permalink)
Market Wizard
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,261 since Aug 2011
Thanks: 1,060 given, 3,078 received

Hey Terry

@tturner86

Reading the entire thread for the first time. Seeing a lot that learned, including every wrong turn on the way to developing some good and some bad ideas. BUT this post was CRITICAL and mostly overlooked at the time. Wisdom Terry.


tturner86 View Post
I'm sure there is.

Think about the gas gauge, water temp, and battery indicators in your car. You can fully operate you car on the highway without using any of these. They do not help you drive the car, or get on the highway. But if you are on the highway and one of these are giving a bad reading, then you know it's time to pull over.

Same in trading, an indicator my not help you get into a trade, but it can help you determine if you should be looking for an exit. I believe some people put too much into indicators while others write them all off. I believe that every tool has its place and usefulness.


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The following 3 users say Thank You to wldman for this post:
 
  #793 (permalink)
Market Wizard
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,261 since Aug 2011
Thanks: 1,060 given, 3,078 received

Hey Terry


@tturner86

Reading the entire thread for the first time. Seeing a lot that learned, including every wrong turn on the way to developing some good and some bad ideas. BUT this post was CRITICAL and mostly overlooked at the time. Wisdom Terry.


tturner86 View Post
I'm sure there is.

Think about the gas gauge, water temp, and battery indicators in your car. You can fully operate you car on the highway without using any of these. They do not help you drive the car, or get on the highway. But if you are on the highway and one of these are giving a bad reading, then you know it's time to pull over.

Same in trading, an indicator my not help you get into a trade, but it can help you determine if you should be looking for an exit. I believe some people put too much into indicators while others write them all off. I believe that every tool has its place and usefulness.


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