yes true no one can predict what you will do next. I have no clue where you will go but I can follow you. You can follow the market. that is what I do....market goes up I buy market goes down I sell. I have no clue what the market will do next
most people cannot follow instructions if not all they have to do is to read a book written by Bollinger or Linda Raschke and make a lot of $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
the market cannot do many things it can go up fast. it can go up slower than fast. it can stop. it can go down fast......and then down slower but traders are not watching the market. they are watching everything except the market..... their indicators ,elite trader,.....
If your account had $300,000 to start the year, how much would you guess it would have 12 months later?
Okay getting back on topic... I read about an indicator combo online. Basically, it is... 1. wait for daily chart to break and close above middle Bollinger Band 2. Wait for RSI to go above 50 if it isn't already 3. Wait for OBV to rise Before I get started back testing, I see 2 problems. 1. I would use the close and open prices. If it's either Fx or futures, these markets are open 24 hours per day. So that means if I'm ever doing it "for real," I would have to be staring at the computer at midnight for these results to reflect reality. I won't be able to do that. 2. How do I know when OBV is rising? It doesn't specify a number of periods it should rise consecutively. It doesn't specify rise by a certain amount. As you know, you can't take the slope of a point.
So you make 200% per day? So you would turn $300,000 into $900,000 in one day? I definitely don't believe that.