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I agree, the indicators seem like a lot, but on my screen that you don't see I have 3 longer term charts with no indicators except Keltner channel that I am looking at most of the time. The chart you see is just the entry screen and MACD's for reference.
Thanks for your comments and I do appreciate them.
Can you help answer these questions from other members on NexusFi?
I will not trade tomorrow at all as too many traders are confused on that day.
It was slow, so I sped it up after a while as I got bored.
I figured it was long and heading up, but honestly don't know if I would have taken those longs. Regardless I would have been profitable had I traded my method.
There is something about clicking and being wrong that muddles the mind. This is a confidence building exercise and last time I did this I had about 50 days straight without a losing day.
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
blue, I know you're a very honest guy...but how much do you really believe in this statement? Are you willing to do what it takes?
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
My point is, that I have a few more years to study and practice and "LET GO". I truly do believe that no method is perfect and it is all up to each person to choose what makes sense.
People expect quick results as did I and that is really unrealistic. Everyone that I have ever seen trade even somewhat successfully has been doing it for a very long time. I figure I will probably give this method at least 5 years, so 1.75 down, 3.25 to go and if I am not profitable or haven't figured out how to be profitable, then I would think it is not the system, but me.
I also look at other systems to learn daily. Some say that confuses the mind, but I believe it expands your horizons. Helps you understand perspective better etc..
When learning to trade, it is wise to try to gain as much knowledge as possible. You can often find bits of wisdom in the strangest places, and over time you will be able to develop your own system.
Personally, I feel the best place for any trader to start, is to just watch a price chart for some months. See how it reacts to news etc. After a while, patterns will appear...
The stupidest thing you can do, is to devote years to a methodology which does not work - thinking it's your discipline that is the problem... Mind you, I'm speaking in general terms here, I am not judging your current approach.
Every learning experience is about expanding one's horizons, why would you want to limit yourself?
How many hours or how much in time passed by would move someone to a non-beginner? Just curious as I have an interesting pdf my wife always shares with me on the different levels of a trader.
I have about 2 years straight day in day out at least 4 hours a day if not 8 staring and looking at charts and about 2,000 different systems that I have programmed and tried to make work on the side. From currencies to equities to futures as well as a fundamental trader off-on for about 11 years. So far the best system that I have seen anyone trade is the one I do in this journal and I have seen a lot of 'systems'.
I tried Market Profile for a while (about 3 months) and found it 'lacking' as much as any other system. To me it is more of just spending time with your system and falling in love with it and making it yours.
"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."