02-22-2007, 10:30 PM
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walterw
is The Trader Chimp
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Re: K.I.S.S. Keep It Simple Stupid!
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Being reletively new to trading and absolutely new to TradeStation, I have been on a hunt for the past 2 months for the best trade indicators that suit my planned style of trading. That being said, I now have a huge collection of TS indicators of all types and fashions with all types of bells and whistles.
The point that I would like to make is that after seeing with my own eyes, all these indicators in action, I have come to the conclusion that while some are pretty good, it appears to me that it is easy to confuse yourself with indecision by using too many at a time. You have this one saying "Buy", this one saying "Wait" and another saying "Sell".
And to top it all off, none of the indicators I have seen to date are more accurate than the good old MA's. To show what I mean I have attached an image from yesterday. On this picture I have PaintBars, 3 MA's, Auto Channel Lines, Auto Pivots, and a Swing HiLo indicator. To me, this is all you need (maybe a little too much for some) to get a clear picture of what the market is doing and what I need to do to make a good trade.
The plan is when red crosses white, make the trade. Blue is there to show the trend and keep you in or out in the bumpy times. |
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Robert : I personally like your chart... is there any chance you can share that "$NT swing hi & lo" indicator eld ? I would love to have it , it looks very clean... thanks cheers Walter.
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