there is a good American saying: "I hear you !" actually i am sorry to get inovlved in all these useless exchanges: i will not repeat my mistake again
In trading that is not a good saying, it should be: I listen. After that you study critically what you heard and keep it or throw it away. You don't need to react, I understand your "mistake" But for me it was impossible to neglect that saying. And maybe for others these exchanges were not useless.
Question regarding the special indicators that you have to pay lots of money for. My brother is a losing trader and a millionnaire. How does he purchase one of these indicators that actually 'work' (such as those earlier alluded too by kut2k). Money is really not much of an issue. He'll buy it if I tell him too!
You might find something of value at these websites. Absolutely no guarantees that you will. http://www.mindfire-systems.com/Catscan.html http://www.jurikres.com
barcadia - Another poster named pegasys1 talked up the so called "Ocean theory" indicators:- http://www.elitetrader.com/et/index...ng-the-best-period.214068/page-2#post-3109908 You can find more info if you search for Jim Sloman. Never used these indicators myself but I like the name. (Ocean theory, that is...not Jim Sloman) I've never been brave (or desperate?) enough to purchase proprietary indicators. I did briefly consider the Jurik moving average, but at the end of the day it's just a moving average. You can most likely play around with the free versions to create something with similar characteristics. There's always a trade-off between lag and smoothness, no? Personally I feel the best option is to learn to program, take the standard indicators and tweak the formulas to create your own. There might be something better that exists, but how do you find it? Even if you purchase an indicator, you'll likely end up having to combine it with other stuff...in which case you'll probably want to learn to program anyway in order to test it. So my (free) advice to Barcadia's millionaire brother is to purchase some programming books or take some (free) online programming classes!
Top of the chart = uptrend Middle of the chart = medium or chop Bottom = downtrend For the daily trend use the 10 day SMA