brownsfan019

At some point you'll need to disclose what these numbers and periods mean. I have no idea what you are posting here or what you are trying to tell people. I'm guessing I'm not the only one. A clearer description is much needed or I think what most see is random numbers and a whole bunch of ...........

Getting this thread back on track - what's so wrong with having a trendline and S/R level tested simultaneously and then trade from it? Your chart looked pretty good to me and was fairly easy to see how you did it. Here's part of the issues people have with S/R and/or trendlines - you can't just plug it into TradeStation and produce a p/l report. You actually have to see it and draw it yourself. It's an art, not a science. So maybe you are onto something Dinero - confluence of the 'horizontal' S/R level + an obvious trendline. I say obvious b/c I've seen people using trendlines that have lines all over the place. Try to keep it clean.

Thales and I are speaking from experience here dinero. Since we like you, we are only trying to save you headaches and heartbreaks.

All you have is: S/R Trendlines Candles And price You poor thing. If you want to open that indicator pandora's box, do it already. In another thread I warned you what may happen but if that itch won't go away, then itch it. Just don't say you weren't forewarned. And if you must do it, stick with the simple stuff that you can understand how it's even constructed. Moving averages are easy to grasp, volatility ranges (bollingers, keltners) or oscillators that show overbought/oversold areas. Just be prepared to be massively let down. You will find what you think is the grail b/c one day bollingers nailed every single move and the next you'll get slaughtered. I have one suggestion if you do this - post it here so others can learn from it. Seriously. Start your own 'indicator experimentation' thread and run w/ it.

:rofl: That's great - you going to be here all week? I need more links to other forums.

Oh wait... there's the spam now... 3 other threads pushing another site.

You find a 2 year old thread for the purpose of linking to another thread? And you've done this a few times today. Feels like someone is trying to build up their post count.

I think you'll find dinero that the more confluence of reliable signals you get at once, the stronger the trade. The key finding the reliable ones. Nice charts, keep it up.

Really? Let's see examples showing this w/in 60 seconds of occurring on multiple markets please. Thanks. Guess you got it all figured out. Join me over in the p/l thread and let's see how smart you are. B/c if it's as easy as you are trying to imply, you should be rather wealthy from this extraordinary knowledge...

Most here trade futures or forex. There isn't much discussion on options. I would try using google to find forums that have an active options area.

Oil or Grains - both do their own thing.

RE: HOLIDAY TRADING Thought I'd offer a little perspective on the so-called 'holiday trading' and that the common theme is to avoid these days. I fall into this trap as much as anyone but as part of my trading plan, I always take screenshots of the day along with where my trades would have taken place. I also track a daily and then monthly p/l of where I would be if I could trade the setups perfectly. Here's what I noticed about the recent 'no trade' holidays: Vet's day: +$400/ct Day before Thanksgiving: +$220/ct Day after Thanksgiving: +$600/ct So there's my 'no-trade' days simply b/c I put it in my head that you don't trade at or near holidays. That cost me about $1200/ct in profits over those 3 days. A few things to consider when tracking your trading: 1) First, track your trades - what you did AND what you should have done if you followed your system 100%. If you are automated or don't stray, then that doesn't apply to you. 2) Document and track days that you do trade and days that you don't. 3) See for yourself whether or not the 'holidays' are good or bad for your trading style. I'm beginning to think more and more that if the markets I trade are open, I should be here ready to go. Seeing that I only trade till noon EST, it doesn't really affect things too much even if there is family stuff to do that day. This also takes me back to my stock broker days - when I was a rook they would tell us stories and what not to motivate us. One that always stuck with me b/c it transfers directly into trading is this - A vet was telling us noob's at a training session that he saw the power of how much money can be made in this business when one day he had set out on a Saturday to paint his house. His wife needed the house painted and he finally decided to do it. While getting ready to paint the house and not looking forward to it, the lightbulb came on - why not just pay someone to do this? So, he packed up, went to the office and sold enough bonds over the phone that day to pay a painter. It took less than an hour. He 'painted the house' by just making the money to cover it in his comfortable office and in less than an hour. That always stuck with me b/c I think it rings true here as well - I was one of those people out on Black Friday trying to catch a few deals. That's just me - no matter how much or how little money I've had in my life, I'm always making sure I spend it appropriately. So here I was - up at 6am on Friday on my day off (I wake up at 7am during the work week) and out the door to fight my way through crowds to save a few bucks. And while I did get what I wanted, I now think about it... I could have traded on Friday and made $600/ct potentially. I'm trading multiples over a number of accounts so in order for me to have 'made' that via the savings I got from being out shopping, I would have had to buy a ton of stuff. And I mean a ton. Of course I did not. I just have to chuckle here now thinking that I got up early on a day off to save a few bucks when I could have just done my normal routine and made a nice killing on Friday. I would have gladly paid a bit more or just done more internet shopping and get that day back to trade... If you are treating your trading like a business, these are things you need to be tracking and learning from IMO. There's no way I would have known that these 3 recent days would have been good trading days unless I tracked them later. With that said, never put trading ahead of what's really important in life. My example was comparing trading to saving some money shopping. If it was trading vs. being with family, there's nothing to discuss. I hope everyone had a good Thanksgiving as we have a lot to be thankful for. Here's to a great December and ending the year strong!

Can you guys read?

Looks like urma came and left so not sure you guys will get a reply.

That's b/c you don't need special tools to trade gold. That's what I said before. That's why you aren't finding special tools. To trade you need a chart and a way to enter orders.

You beat me to it. Saying that something is 'interesting' and then claiming a winning trade is exactly why this business is filled with unscrupulous vendors. FYI - Oil is also very interesting along with Soybeans. I'll get back to you on what that means.

Any software will do - you don't need a 'special' software to trade gold. Just need charts and a DOM.

As far as I am concerned, the DOM is useless to trade from. I pointed you to that other thread I made on this very topic and my opinion has not changed. I personally could not get any value from using the DOM to trade from. That means squat to others that can use it. If you can make it work, then more power to you. I just found it a giant game being played back and forth so now I ignore it.

When I say econ news - I meant in general for the day. When there's news to be released, I usually have better days, which includes the ZS. I am not aware of any specific news related to the ZS that moves the market. I think it typically moves on it's own.

Sometimes I do but many times I'm not entering right on the open so things calm down a bit form there.

'Most losers' is relative Gabe. Someone is winning there and they are called bots/algos. If you can beat THEM then I would strongly suggest trading the ES. You are up against the brightest minds, biggest bankrolls and fastest computers. Good luck. Can you beat the ES as a retail trader? Sure, bathrobe does it. But the numbers suggest that it's much more difficult than other markets IMO. As soon as you put your ego aside, you'll see what I mean.

At the very least, get a minimum plan that covers catastrophic events. You can get something with a very high deductible, but at least something is there should there be a reason to need it.

I'd like to make an observation that I've noticed on Thales' charts that might help those trying to mimic his trades - quite a few of the H, L, HL that seem to get a quick burst occur where the H,L,HL where the total amount of candles in the grouping is under 5. I do best with pictures: I would think the idea being you'd want price to fairly quickly get your HL or LH (esp on a 15 min chart) whereas if the test takes 8, 10+ candles to get there, some of the momentum you were expecting may have already been exhausted. Again, just an observation and could just be a coincidence that the last few trades fit that criteria.

Currently I watch 1 chart per market. That's it. And currently the 1 minute chart is working fine. I could adjust that setting based on volatility. If you recall I'm looking to get in w/in the first 2 hours of a market being open, so I'm really interested to see what the opening prints are doing. I'm looking to make a trade based on expected volatility due to the opening of the market + econ news (if any). Coincidentally some of my worst performing days coincide with little/zero econ news. There's nothing wrong w/ the approach you are taking here. I was doing the same thing at one point as well. I just turned a different corner at some point and haven't looked back. Once I decided I didn't need to peg every single move of every single day, a whole new world opened up to me - one where I could zero in on the most volatile part of the trading day and try to exploit that small, but very potentially profitable timeframe. It's worked well for me but I'm not suggesting you or anyone reading this abandon what they are doing and just pull up some 1 minute charts and give it a whirl. I'm not even 100% sure how I got to this point but I did. And as long as it's working, I won't be changing too much to it. I've done that enough times that now I'm worn out from trying to hit every move and make a million bucks every day. I'll take a few hundred to a few thousand and call it a day.

Great question. I ended up just going through an insurance broker that I knew from my stock broker days. I actually have been meaning to price some new companies up. One I see advertised on TV is: http://www.assuranthealth.com That's not a recommendation, just one that I've seen advertised lately.