What generates your trading signals?

Discussion in 'Trading' started by Howard, Feb 8, 2019.

  1. Visaria

    Visaria

    I'm out of half at 585. I'll let the rest run.
     
    #91     Feb 13, 2019
  2. Visaria

    Visaria

    Fantastic. I don't know anything and I'm gonna stay ignorant.
     
    #92     Feb 13, 2019
  3. Visaria

    Visaria

    stop moved to 500
     
    #93     Feb 13, 2019
  4. Howard

    Howard

    Casinos have deeper pockets and can endure drawdown.

    If you want to day trade ES you simply can't have a low winning percentage, unless your winners are huge which again isn't very likely on average. Other instruments which are less prone to retrace and backfill might be different.
     
    #94     Feb 13, 2019
  5. Howard

    Howard

    In order to optimize profits, you need to optimize both. When entries are good, risk is low and profit potential (exit) is much bigger.

    For my purposes - an exit or entry signal shouldn't be very different from each other. Often, your exit signal might be reversed for a new position in the opposite direction. Often, but certainly not always.
     
    #95     Feb 13, 2019
  6. Howard

    Howard

    What was your signal? Live calls might be interesting, but it's much more interesting to understand the rationale behind the signal.

    While you seemed to have secured a nice morning scalp, the better signal for today would be to short the double top at 600 with the large gap below as an attractor.

    And that's another part of my system. I have various levels and targets. What I'm interested in discussing in this thread is technical signals for either reversals or continuation signals in an already established direction (trend).
     
    #96     Feb 13, 2019
  7. Howard

    Howard

    I already have a system which is working well and I have zero interest in your shitty system for sure. Get back to your journal and daily massive long signals. That's all you're getting. :)
     
    #97     Feb 13, 2019
  8. Howard

    Howard

    Also, @Visaria:

    I'm genuinely curious about your experience with the Al Brooks course you took? Did you go for a refund like you said you would or did you end up finding it useful?

    I read his first book many years back and thought it was interesting, although it's quite different from my current approach. I do currently utilize various charting set-ups as I mentioned in the OP to generate my signals.
     
    #98     Feb 13, 2019
  9. Buy1Sell2

    Buy1Sell2

    We gots us a real live sitchy.
     
    Last edited: Feb 13, 2019
    #99     Feb 13, 2019
    tommcginnis likes this.
  10. It is a better way to look at the order flow then the classic DOM, because it shows also the historical orders and requests do one, with studying of course, can get a better sence of how the price will move.
    The lines in the different colors show the past orders.
     
    #100     Feb 16, 2019
    Howard likes this.