I guess that now we can find some more platforms that can be used in the business. I know that because I have a friend who is trying to develop a business now. He even started to look for the big companies' strategies and found a blog about oil traders and their history. He shared it with me too. To be honest when I read that blog I was surprised. I knew that this business is an old one but I didn't know that they are still developing those old strategies that are working in this modern life. So I guess that you have to look for something else.
Trading the T-line - cut to the chase ... Stephen Bigalow https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-15#post-5162295
Not saying it doesn't work, it generally does. Just saying it kinda mean reversion. I messed around with Keltner Channels, setting the middle line to 8 and the outers to 1 x 2. Sorta showed it worked.
ta is like a bus that gets you there and avoids alot of foot traffic, once you have arrived then price action is what's needed. you mentioned rsi lets say set the sell zone very high on an rsi like at 90, just because it hits 90 is not a sell it maybe an indication that it will will go down and or rest a bit and then continue its direction. if it hits 90 and the price action is starting to rip down then sell it. if it hits 90 and backs off it's recent high then place an order to buy at that recent high, cause it's consolidating to run higher. so once you put ta into perspective as the limited tool that it is, it works pretty well. m
%% Good point, you actually found a use for m Douglas book Good thinking A female asset manager uses a 34 day moving average for investors/ most anything could work in an up-trending bull market. Dr Van Tharp had 2 real good victory points, on the top 2 shooting match winners+ no psycho-babbel. Back to bear rally charts.