Rate of Change. Just price compared to itself in the past. Simple is better. No Averaging, XAveraging, DisplacedAveraging.
Hello ironchef, Just remember, the longer you try to figure "it" out the less profits you make. Just trade the market, thats all you have to do. Forget all this other fancy talk on trading.
thks for the reminder. for some stupid reason i do not trade inside bars.....they work well though they sometimes market whipsaw around them i must work on noticing them... they are simple effective and i love a set up with those characteristics usually they also offer a fantastic RR and a good win rate ......
not good advice learn simple things like inside bars for example... they work .. THERE IS NO FIGURING THEM OUT. second signals work there is no figuring them out.
rate of change yeah but all you need is your eyes for that. you need no indicator or measuring device because approximately works in trading. you do not need exact
if you want simple than buy near or at the low and sell at or near the high. the low of anything: bar low , leg low, swing low, low of anything put a stop below one tick of the low
This topic deserves a more in depth discussion. I am assuming I buy on ask and sell on bid as that is what I used in my real time paper trades. The difference between bid/ask is usually $0.01 and my limit order is in $0.01 increment. In live trades with MO I often did get fills that split the difference between bid/ask. Trading with 1 minute chart, sometimes I executed several trades within a few minutes time span. If I use limit instead of market order, it usually took seconds instead of almost instantaneous to execute (sometimes no execution) if price moved too fast. Lately I experimented with timing my MO but the outcome is not satisfactory because it is usually counter trend. What should I do?