I do not feel confused at all? I have presented this thread in a concise organized manner. 20% monthly and I do not trade everyday. I am very conservative. I hope you make a lot of money today really I mean that. I would prefer 1 micro per 25k not $6,500.00. I compare the micros to ETF's. Good trading to you. ES
You know following through with projects is so important. When I was a little boy I always had new toys as that was what my mother thought she should do to show her love. I rush through things and never give them a chance including my trading experiments. I am 60 years old and I think its time I settle down...lol This is the Trading sub-forum and I feel this thread is in the right place. I can always depend on the traders here at ET to get honest candid reflection. That's one of the reasons why I came back to ET but not the main one. ES
ahhh... https://www.icis.com/explore/customer-support/price-drivers-analytics/ You sayin' I'm full of fertilizer?
I figure those three lagging indicators that I snapshot their positions with simply give me a fast look at the trend. The indicators summarize a time segment for me. That's all...thats it. Es
Moe importantly if I can decipher where the pressure is then I'm golden. I know traders that can just look at price action to see how its trading and tell where the pressure is and who is in control....no indicators not even charts. I am not one of those. I need snapshots of wiggly lagging lines near value areas or trend areas.
I am convinced that if a coder would just track the OHLC in custom segments of time that he could spreadsheet repeating patterns within those segments and trade the best segments (they change)! I am trading just one segment entering the "segment open" based on wiggly lines. I need to develop targets based on MAE and MFE along with exiting at the close whichever comes first. What goes arounD comes around. es P.S. Would you believe me if I told you that there are 100% winrate segments. I have seen them. Do they consistently trade often and last long....no. Your job is to know when to trade and when not to trade. There are enough segments to keep a trader busy. Snap-Shotting moments and acting upon what you see is less interpretive and makes it easy to pull the trigger on the fly.
The micros should be used for scaling. That is where their value is and can justify the heavier commission cost compared to the minis. I do not know how to scale-trade this system. I would need more capital as I am very conservative. ES
Prices always fall faster than they rise. This is a simple truth. But who is "in control" truth escapes. ES
For those of you that are reading this and wondering what the he** is electric posting about? I will give you this...the use of support and resistance may be valid....but open your mind up to what I am posting about for the new meaning of Support and Resistance based on profitable segments and THEIR value areas, trend areas and support and resistance zones