Don't trade much today as again pretty busy... This method is applicable to everything that has swings wide enough to get a decent R/R. Works just as well in NQ. I preferred NQ over ES for volatility reason. The last one is often too slow. Same about bonds and ESTX50. DAX and HSI are good intraday instruments as well (HSI traditionally has awful volatility this time of year though). As for larger timeframes, the choice is even wider cause volatility issue is not as serious there. Even Eurodollar moves enough on daily/weekly charts. Markets are all the same and they work by the same laws so trader just picks what suits his style better.
The indicator in the price panel is a moving average. The one in the lower panel is an oscillator (one can use any of the myriad of oscillators available to determine divergences. The oscillator used is not really that important. Knowing how to identify and draw the divergences correctly is). As to the parameters, they would be unique to the type of MA or oscillator one is using. Screen time and lots of it would be the best way to determine those (as well as the time frames they "work" best in).
Good morning all, Can be a pretty slow day today as it's holiday in EU... I will probably be taking a look at markets, but not systematically. Plan to return to normal trading pace from next week.
USD is taking back what it gave away yesterday after FOMC... Seems like we are to see more dollar gains.
Good morning all, Yeah BigFunky already answered. Though honestly I'm sorry I missed yesterday as a trading day. Reason is obvious, PA was really nice... Oh well, still thousands of trading days ahead in a life (I hope, LOL)... Will hopefully start trading around 8AM BST today, when get done with family related things to do...
yesterday was nice indeed, allthough you had to wait much to get good setups. Can't say you missed much this morning, I'm up allready for three hours and pretty much nothing happened unless you count one small loser ... (I'd rather it didn't )