Hmmm - I've seen some pretty interesting charts that utilize Gann style web overlays. Markets are fractal. There are many techniques that help find order in what initially looks like chaotic squiggly lines But my own approach (currently under review) is only partially based on technical analysis.
Next time you write a check to refund your account, just send it to me instead. PM me, and I'll send you my routing, and account #, and at least someone will like you when your broke
Just some practicing today using Time Factor Strategy. I'm up $80 on two trades. Both were successful and both were in and out in 1 or 2 min. First trade was a small profit that could've became a loss. But with tfs, was able to identified price was about to go against my trade and got out on the signal. Any potential losses were limited thanks to tfs while big fast profits are made and kept. When I'm ready I'll start to hold on longer so I can increase my profits.
No trades today. Still on vacation. Just some sim and testing with tfs. The results today was pretty good, but still need to practice some more. One of the factor that cause me to blow out in the past was my impatient need to get into a trade as soon as I can after waking up. This flaw more often than not lead me to make bad trades that cost me money. Being patient is difficult for me, but I realize it is a necessary trait to have if I'm to use tfs. Waiting for the best entry signal to appear is crucial. Right now, my goal is to break down and get rid of this character flaw. To achieve this I'm using movies and video games to distract me from the market until it's time to trade.
Okay day. I lost $25 on three trades. I was a little impatient with the first two trades and took high risk entries. Lost $80 on those two. Last trade was good and make most of it back. After that trade, I didn't see any more good setups so I quit. The success today was I was patient enough to wait for opportunity and didn't let the revenge trading demon loose. So far, the tests using time factor is showing very good results. However the strengths of the system is not enough to offset the fact that I'm walking on a thin wire with my account size. With tfs, I should have 3 (maybe 4) more chances left. This affects my ability to take risks. To take the good setups when I see them despite the risks will be the challenge to overcome.
I'm down $65 on four trades. Most of the losses were in one trade that didn't work out. The others were around break-even. One of those had a good profit. Commission is gonna eat up another 50% of my loss. I'm down to one bullet left. There was a couple of good setup that I miss because I didn't see a good signal and it almost led me into revenge trading. I'll need to switch to a different one that allows me to automatically enter a trade but is riskier due to whipsaws. However since I'm having trouble entering good setups, it may be necessary.
Play more video games, watch more movies. That's what every successful person I know does each and every day!