I'm going to keep this polite, like RCG, I think the uncivil stuff should be left down in the basement. Your personality is probably the single biggest contributor to your success. Once you understand what yours is, you will have a better idea of building a trading system around it. Pwrtader, I have put enough content on this thread for you to make a living 10 times over. It's your job to execute it. When this thread slows down, I'll add content that might appear off topic but I assure you, it all ties together. And comparing this thread to craigslist is a little immature on your part. I've made every attempt to make this best trading thread on ET with solid content and I believe it is. If there is another thread on here you would feel more comfortable with, please move on over. It's not MY job to make YOU money. Good luck with you trading.
Steel is looking good. I follow the steel ETF which is SLX. Right below my monthly A up but it looks like it will breakout.
Let me add further to this. Regarding the number line, one has to note the quality of the numbers as mentioned above. One of the interesting things about how Fisher decided to derive value was by assigning negative strength to failed A ups and positive strength to failed A downs i.e -1 for the failed A down and +1 for the failed A up. However when I break each product down and look at the individual daily numbers, I think I would rather see a negative number if it's derived from failed A ups vs a positive number line from failed A downs. Let me give an example. Say the ES has a plus 3 number line for the month and CL has a negative 3. One would immediately assume, all things being equal, that the ES is the stronger risk asset. However, to me it's the opposite. What this number line is saying is that ES seems to be selling off every day down to the lows. Sure, ES is not confirming and bouncing off those lows but when compared to CL, which is rallying every day to the highs and failing, I would go with CL as being stronger even though it carries a -3 on the number line. I think making sure you understand what the number line is telling you is very important. This is another reason why automating it might be problematic. You want to be able to look under the hood and see what is really going on. And for those of you who have been hesitant to read further up on the number line, please do. There is absolutely no way one can look at a daily, weekly or longer term chart and decipher what the number line is telling you. The number line is completely hidden and embedded in the internal structure of the market and it does not reveal itself on any charts. You would be wise to learn and master it so you can verify the readings you are getting on your A levels.
spy closed at 122.00 on the dot Nov 1, 1st day of the month, could this be the low for the month? point is pay attention to the first day of the month, can't research at the moment, curious if this would hold for some commodities. Good trading.
Thank You. To add to this concept. This is my signal generator, there are many like it but this one is mine. My signal generator is my best friend, it is my life. I must master it as I must master my life. Without me, my signal generator is useless, without my signal generator, I am useless....... Im sure you get the rest
I named my first signal generator Hal. It was all good until Hal started to call me, Dave. My next sig generator, RCG, was built on Hal, and every now and again it too, would call me, Dave. Then I found this thread.
Hey, as long as all your signal generators don't ask me what my A levels are... I don't need Hal hacking into my computer and locking me out.