I just followed jjrvat's instructions from pages 1 - 3. I didn't alter or tweak anything. This is a very simple method. You don't need a "jjrvat indicator for dummies"...LOL! Programming systems helps me to understand them. May I suggest you reread pages 1 - 3 over and over until the lightbulb goes off. Then you will not be asking questions about inputs.
I can't wait to hear your comments when the Cheerios you paid 3 bucks for last week are 10 bucks this week.... You wouldn't attribute price stability to traders as, in your mind, they don't provide a service.... And, to continue the tired refrain from those who don't have a clue, trading is just gambling, right?
TheRumpledOne, Thank you for comments and posts Mktman, Is there any difference if you use a simple MA versus a WMA? Why is WMA being used? No. there is no difference at all. MA or WMA are visual aids for price action. Find the one that its âbestâ suited for your instrument and timeframe. Donât tweak it too much, either you see waves or not. If you are using a WMA as a trigger test the one it works best. If macro direction and price analysis are OK, you âdonât have to worryâ too much for the trigger (Thus, use any EMA, WMA, Simple, LSMA, Hull, Wilders, Adaptive, etc that work for you and only for you). Shel, Below is my morning (2/8/08) chart of trading the NQ, comments welcome and appreciated.... Thank you for your comments. Nice chart. I can only give you one tip. Use pivot points as reference. Plot your same chart with pivots and you will know what I mean. For the rest, If the green arrows are entries, in my opinion the 3th is not a valid entry because of LL and LH (meaning a no no situation even if macro direction is good), The 4th green arrow is a valid entry if your are really accurate with price analysis (given that this is a fast chart I would say is very difficult to place this trade liveâ¦). The 10:45 arrow is not valid entry for me (ex post is easy to think that the 100 EMA provided support) but the reason maybe itâs that the pivot got taken (stops got hit at the pivot) whatever the reason my valid entry would have been at 11:05 (HH, HL + macro direction perfect) . Remember that you are trading price not moving average (are you?). This time they worked fine but I prefer to trust price even if I miss a âgoodâ trade. This is just my opinion, I hope it helps HoustonMark And, to continue the tired refrain from those who don't have a clue, trading is just gambling, right? Trading may or may not be just gambling; as long as you make money consistently the discussion is irrelevant. However from a theoretical point of view I find interesting conceptual interrelations between gambling and trading, especially related to risk analysis, psychological factors and ways to perceive a particular trade. I will try to elaborate later some ideas on this. jjrvat