I've been sitting here all weekend with a 5min chart and a 5 period MA, just staring at it. I only got 1 day of data. What next?? Write it up, dude. I got bills to pay.
I am not attacking people. I just don't have any respect for people who call themselves traders yet NEED to supplement their income with high priced seminars and mentorship programs (at 10k dollars a pop). C'mon, to me going to see a shrink will help you more in trading than attending one of these seminars. I just can' t seem to get one question answered. Where are all the people that went to these seminars and implemented these strategies and are making a comfortable living? SE
SuperEgo can we get on with it. I have all your candlestick interval charts on my screens and it looks strange. (I normally use esignal tick charts and create MA charts on Excel with the esignal data, that way I can blend components on one MA)
I am going to start tomorrow with graphics using esignal's charts. I have used all data vendors and believe that esignal gives you a good bang for your M1 (money). see you then SE
Hey Moderator, Can you also delete Lundy ??? I deserted his thread, and I believe many others did, and came here hoping to learn something new ... and praying he doesn't intrude ... Lundy !!!! get back to your "TREND IS UP ... DESPITE THE FACT THAT THE MARKET IS MAKING NEW LOWS EVERYDAY" thread ... and if you intend to come here, please just read ... and don't post .. please ?
I use eSignal too. Tried making my own indicator and nearly ended up with a smashed computer. That code language is for programmers not traders. Before trusting you with my family's future happiness I have to ask you if you have made millions from the market? I trust NONE who has not made millions. I am not interested in making prop-firm wages, I want millions. Not interested in anyone who thinks they have been at it a while and so know a little. If you know how to trade you are a millionaire. Super_Ego, have you made millions from the market? From a potential Egoist, Don.
I will be going over the importance of the 5 period MA and showing you, visually, how important this average is. Then I will go over Offsetting Moving Averages and how they can help in intraday techniques. For now, look at the attachment and see how the Sept lows kept snapping back to the 5MA. Notice the volatility. Also, notice when the 5 is violated to the upside how the qqq's obey the 5MA and ride it up. The attachment is a Daily chart of the qqq's with a 5,20,40MA's and bollinger bands (don't worry about this yet). Just observe the 5MA and I will see you tomorrow.