I've only seen a few that really makes a living. Most are out in a couple of months or in days. Dragn
I got rid of :Time and Sales. Stao's, Level II, MAs...just about everything, except for some volume , candles and Bollinger Bands. Of course the Braille has been working pretty good
I used to trade the NQ, nowadays i trade ES, I've come to adapt to it the chop of the Es, giving me more opportunities than the NQ.
"I used to be big into Insider Trading, but I've been forced to discard that completely for...legal reasons. Now, when two Moving Averages cross, I put a pack of cigarettes on the weight bench and hope Jimmy the One-Eyed MarketMaker doesn't give me too much slippage. Wait, that didn't come out right..." One of the funniest paragraphs I have read yet on this thread! I used to use MA`s exclusively, but I would get these buy and sell signals with no follow through to be found..that led me to confirm the MA`s with MACD, phase histogram,SK-SD and one prop indicator that if I told you about I would have to kill you 90% of my trades are done using 5minute candles for entry/exit. The other 10% are swing trades using the daily chart. C.
Wow. That's impressive. Futures are so technically based (as compared to stocks) that I could never dump my charts. I'm helpless without them. I do use time and sales to get a picture of the size and frenzy of trading at given levels, but my charts are my bread and butter. I use 1, 5, 15, and 60 time frames, all ES. Interesting. Jay
Most Bright traders when I was there traded by tape reading. Many were long time vets and quite consistent. Not all of them traded in a hyper fashion though. Jay
[1]Have discarded most of CNBC-about 51% or more. To be honest I like and agree still with much what Art Cashin [Cashin In]says. [2]Do double check them and myself on the charts & time & sales. [3]It's been along time since I've heard 30 minutes of CNBC=30 minutes of Bloomberg T.V.
I finally turned the lights on ... no more candlesticks. I turned the volume completely off. I became a minute man ( 1 min bar chart ) Trading got better, but my sex life sure went to hell !