DEStocks

The only thing I trade right now is stocks, I have tried quite a few different indicators and found many that are out there are junk. I have modified the moving average to look simular to t-3 (small and large trigger lines) ( I use 4,12,with dotted lines red or blue and 24, 36 solid green) Watch the training on nextgen software and you should get the idea on how to use them. You might not make so many trades but it will keep you from so many loosing trades. I just do not have $16000 to pay for the T-3. I need to keep from loosing anymore. What I and many people need is a Mentor. I know one guy that was a market maker with scotttrade and he can tell within .01-.02 cents wher the price will turn. He had a mentor (free) but will not help anyone else to get profitable. I have found that all the people that have been helped like that are all the same.

Marty, I think one big obstacle new traders can face is the idea that all prices are equal when clearly they are not. For example if you use a 10 range bar chart on the YM, price in that bar can go from 12527 to 12537. However what I have found important is seeing a breakdown of who is where and at what price. If I only have 5 people at 12527 but 100 people at 12532 then a price failure for me is a break of 12532 and not a break of the bottom of the bar. The more people involved the more selling its going to take in order to break support. Does that make sense? The bigger the point of memory, the stronger it should hold, either as support or resistance. The only thing I have found, so far, that shows me that is MarketDelta. I use a longer term range chart (33r) to show "value" either above me or below me and use a 10 range bar chart to select entries from. If "value" is clearly above me then I only look for short entries, up until I get "value" below me.

I agree with you with price. I told him the best book on price is " reading price charts bar by bar. written by Al Brooks. I am just finding out that price is king. I also use a couple of indicators that help for now. One is the macd and divergence indicator. 12 and 25 moving averages expodential. Could you think of anything that might help as I am also just getting profitable.