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whiteEagle

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Everything posted by whiteEagle

  1. $1 compounded at 20% four times over a span of time doubles it's value. So, keep on doing what you can do well! Shoot for 20% on your quick trades and compound the results over a period of time, and after four 20% gainers, you'll have twice as much. Double $1,000 ten times, and you have $1M! It seems to me that you want to capitalize on your strengths - that's doing what you can do best - then simply learn to manage position sizing and set some goals for doubling. I agree that it would do you some good to analyze what gets you into a trade and what gets you out, and if you think you're exiting early, adjust the exit but don't change the system. Part of the analysis is to discover what you do well and find a way to keep on doing it.
  2. I've heard a lot of traders (i.e. day-traders/forex traders) make this suggestion. Thanks. I've drastically reduced the number of indicators, but I haven't gone "bare bones" yet. I'm just looking for a way to identify the beginning of a turn (i.e., the tops/bottoms) and the changes in both direction and momentum. It looks like short-term MAs help with that. But I agree! If I can trade price action only, I'd be better off.
  3. I've been experimenting with this 4-bar/12-bar setup, and it looks great. What sort of results have you had with it? And, what time frame works best for you? I'm using it on 30-min/Hourly charts then buying options off the setup.
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