Traders Laboratory - View Single Post - "Borrowing" trade signals
View Single Post
  #3 (permalink)  
Old 04-12-2007, 12:19 PM
brownsfan019's Avatar
brownsfan019 brownsfan019 is offline
brownsfan019 is counting down the days till training camp starts!

 
Join Date: Jan 2007
Posts: 2,051
Thanks: 18
Thanked 80 Times in 51 Posts
Re: "Borrowing" trade signals

I guess the point notouch is that if you focus on one market and one market only, you may not even get a setup to begin with; whereas the other markets may have given you a setup. Since I use candlesticks, how things form on the chart is paramount.

And since going into a trade there is no way to know for sure which market will 'pop' I'd rather be in the one that does for sure vs. hoping that I am. You have a 75% chance of being 'wrong' in terms of picking the one of the four that pops. Those odds are terrible. If you are in all 4 or all 3, you have a 100% chance of being in the one that does 'pop'.

We know that the US indexes typically move in the same direction, but there's no correlation between the move and the amount of that move. A move on the NQ can easily produce more profit in terms of $$$ than the ES. Why would you want to restrict yourself to just one?

__________________
Click here to start playing Combat Grounds, online war game with other TL members!
Reply With Quote