Advice/Comments on my TA Strategy

Discussion in 'Technical Analysis' started by Yme, Oct 13, 2010.

  1. Yme

    Yme Guest

    Hello Fellow Traders.

    Long time reader, just now begining to post. I wanted to get some feedback from the veterans on my TA Strategy.

    Market: Mini-Dow
    3 Min candle body only chart.
    Market Profile: Support and Resistance
    Momentum Ocillator: Strength of trend
    Slow Stochastics: Timing of entry
  2. ammo


    add in the transports, spu's ,eur/usd ,oil, and their supp ,res and see how they react together,the market follows the biggest money,watch what they watch
  3. wrbtrader


    Just a reminder, TA is not the only thing in the book of trading and arguably not the most important.

  4. Questions for you to think ...

    How often would you like to trade?
    Or how long would you hold a position?

    IMHO, trading by using 3-min chart could make you very busy all day!
  5. oraclewizard77

    oraclewizard77 Moderator

    Well, test it with a small amount of real money, and see how you do.
  6. 1) Is your floor acronym "YME"?
    2) You should make money during a sustained trend and lose money in a choppier environment. :cool:
  7. ================
    And if you really have lots of notes/data recorded;
    sometimes the first[1st] loss is a signal the trend had changed.[To simplify , a choppy trend is a sideways trend,
    much different from a downtrend or an uptrend]

    Some markets tend to chop much more than others;
    DIA,SPY... & other index related tend to chop more....:cool:
    Wisdom is profitable to direct.Good question :)