You adaptive looks simi!ar. Market is either or chopping or trending, 5lwma based for trendz then a wider 10based for callimg chop,I dont trade the chop, I just avoid jumping on trades that will reverse as in chop mode ( forgot this last week,. Blew 2k in an hour ouch )
Good news !!!!! Trading doesn't need all the complex, rocket science greek. You don't need to know Navier Stokes equation, Euler's equation ... So don't be intimidated by all those incomprehensible things. If you know simple things like + and -, that is good enough. BAD NEWS!!! it is very difficult. You have to work very hard to turn a worthless rock into a precious diamond. You have to try very very hard to be a supreme master craftsman. So learn from a master craftsman, don't learn from a master professor. Learn from the professional trader (if you are fortunate to have such people close to you). Never learn from the professional writers or professional talkers. Make sure you have sharp eyes to distinguish between professionals traders and professional talkers/writers. professionals traders earn $$$ by trading. professionals talkers/writers earn $$$ by talking/writing. They don't mix. They can't mix. And they wouldn't mix. All the best mister.
As a newbie, I didn’t even know about such stuff. I only looked into it AFTER I came up with my OWN system, simply out of curiosity, because it looked similar to what I was doing. I’m a very simple man, so basically, all I wanted to know was: Is price climbing, or is it falling, or is it just treading water? Navier Stokes equation? What the heck is that? Euler’s equation? Who cares? But beyond that, I ended up rejecting what many, many, much, much more experienced traders recommended, such as MACD, RSI, CCI, parabolic SAR, stochastic oscillators, Elliot waves, harmonic patterns, pivot points and Fibonacci ratios. Basically, for me, it was a simple matter of finding the right moving averages and moving average envelopes to give me the information I needed, and ignoring all those who tried to tell me that moving averages were too lagging, or that one moving average was no better than another… I'm basically trading via NADEX's binary option derivatives platform now, but during this Thanksgiving holiday (NADEX is closed) I've been playing around with my OANDA account in between doing other stuff, picking up a couple of pips here and there using charts very similar to what you see above:
One-and-a-half years later, and I finally am in the process of finishing writing a book on how to trade for huge profits, though I wouldn't count on it being all that great. You'll have to forgive me though if I opt to NOT give up my love of trading. I prefer to do both.
godamnnit ex, I wish you’d rather of said “1 1/2 years later, and I finally grossed a Millie in trading profits via envelopes, waves, and cyclicality.
It turns out that I didn't actually get started on the last leg of this quest until February 7th of this year. So, today is only day 78 of 220. Keeping pace with a 1.8% return on $100 starting capital compounded daily would put today's goal at $7.11 (see the above table). I was actually doing better than 2% with today's total being over $10. But, that's now history with the last four trades I put on (for tomorrow), which were swing trades and were therefore not monitored closely and subject to bigger losses if price did not go my way, which it didn't. Hopefully the trades that DO unfold as anticipated over the next 24 hours will more than compensate for the ones that didn't. Even if I stay on track, I will only be making $89.54 a day by December 10th (i.e., day 220). That could be $153 per day at 2%, which is well within the realm of possibility, or almost two thousand a day at 3%, but I'm not going to count on becoming that proficient.
Hey Bing.com...who is Stan Ehrlich? Stan Ehrlich is a well-known figure in the financial industry. He started his career in the futures industry in 1971 and invented the Ehrlich Cycle Finder™ in 1978, which is a universal technical analysis tool. The Ehrlich Cycle Finder is a device that helps identify and measure cyclic patterns in commodity and stock market price behavior. Stan has brokered for famous market analysts, including Robert Prechter, the Elliot Wave Theorist, Jake Bernstein, and was the President of Solid Gold Financial Services Inc., a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator, Forex Dealer Member. He has been quoted in many financial papers and magazines and interviewed on CNBC. Stan has lectured at 150 technical analysis and trading seminars worldwide for Reuters, Dow Jones Telerate, Futures Magazine, TradeStation™, AAII, International Federation of Technical Analysts, TSAASF Technical Security Analyst Association of San Francisco, and more.