Haha. Nope. win or loss is the part of this game. Never mind of losing a trade. I've regressional channel on every chart (or timeframe), I use [open+close+low]/ 3. Look at my posts yesterday like this one below, orange and blue color line is the regression channel. For me, this indicator is just a confirmation indicator like other MAs. I never used it as an entry or exit. RSI/Stochastic/MACD/ADX give me better indication on the direction or top/bottom. http://www.elitetrader.com/vb/attachment.php?s=&postid=916368
Ensign works great for me. I love its flexibility. Ensigal data feed has been very reliable and gives you 100% tick. IB only feeds the sample of the ticks, you'll see a thin hair of tick data on 75 tick chart with IB. It all depends on which one works better for your system. Or the price fits your TA indicators. If they won't fit well, tweak either the timeframe or the TA parameters to make good fit, then do back-testings. Traders found 75/11/133/233/550 tick can well define the intraday timeframe (short, intermediate, long). I have a very good/reliable system to make 3-4 trades a day based on 550 tick. I backtested it many times and used it for real, it works. But making 3-4 trades a day is not my style, really boring, working as a full-time trader, it is painnful to sit here and watch it up or down 2-3 points - instead of locking in and getting back again with short-term frames. I showed you my long-term MACD wraps the short-term MACDs daily charts before. That's the same indicator for 550 tick, it generates basically 3-4 trades a day. That system is simple, use long-term MACD as the direction of the day. Use short-term as the short-long opprtunites on 550 tick chart. When the long-term MACD is downtrend and above 0 MACD line, looking for short opportunities. When the long-term MACD is going up and uptrend, looking for long opportunites. Entry and exit based on the short-term MACDs color changing/crossing. This is the chart for the past two days.
You 'll see the same wraps as you see on the daily charts. In downtrend, long-term MACDs on top of the short-term MACDs, In uptrend, short-term MACDs on top of the long-term MACDs. This is the one day chart (yesterday). If the short-term MACD crossed the long-term MACD, that's the best time to look for long or short.
Trade 4 Living, thanks, that's helpful. I look forward to getting Ensign in January. Do you trade through IB (TWS) ?
How many contracts you trade per trade? And whats your average up day (if you dont mind sharing that is)?
All depends. I'm trying to reach my daily goal to make a living. No greedy and no fear. If you read my previous posts during the weekend, I've posted how many contracts I usually trade. I lost $8K last Monday because of a software failure.
I have several MACD lines on the chart. ST: Average one: 3--5--7-9 Average 2: 26 LT: Average one: 35-55-65 average 2: 60-80-90