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Posts posted by TheRumpledOne
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"This Is Your Brain On Trading" that was a great SFO article.
Also comparing trading to "only swinging at the pitches you can hit" really hit home ( puns intended ).
Trading without thinking is what has to happen... all reaction. Just like hitting a baseball. You don't have time to think - you just see and react. Sometimes you get a hit and sometimes you don't.
"Swinging at bad pitches" causes the losing trades. As soon as I do it, I know it. Why do I do it? I get sucked in to the market rather than waiting for the next good pitch. To avoid getting sucked in, I just repeat "wait for your pitch" over and over... that simple.
I never concern myself with what others are trading, how much they are making, what systems/indicators they are using, what's the hot trade of the day, etc... I just trade the same stock and currencies day after day after day. It's actually pretty "boring" most of the time. It's only exciting when I mess up!
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I added Traders Laboratory:
http://en.wikipedia.org/wiki/TradeStation#Free_Indicators
Hope you don't mind.
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You can find all of my indicators with a quick google search.
I posted the TRO Dynamic Fibs SR because it's really the only indicator I use anymore. It shows the dynamic support/resistance, shows me the entry, the stops and gives me fib retracement targets. Use it on the 1 minute and/or 5 minute chart.
I scalp trade. With this indicator, you can make hundreds or thousands in the first 1 - 2 hours of trading. Then take the rest of the day off.
I am sure my reputation preceeds me...lol :p
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TRO Dynamic Fibs SR - ENHANCEMENT
I added enhancements to TRO_DYNAMIC_FIBSSR.
The iPlotTrade input, when = TRUE, will place a white dot behind the dynamic support/resistance dots. This is your TRADE ENTRY TRIGGER!
Notice how many winners and the amount you could have made per share. Lots of "MILK" in that RIMM cow!!
I added stop and entry "+" plots.
Yellow "+" are the stops.
Cyan "+" long entry.
Magenta "+" short entry.
There are inputs to turn on/off the fib dots and the trade dots.
Remember this indicator is DYNAMIC meaning, you'll see "+"s display and then disappear.
Example, if you see a cyan "+" for a long entry and then the price hits dynamic resistance then the cyan "+" will disappear because it's now time to consider a long exit and wait for a short entry.
I noticed a pattern on the 5 minute charts of AAPL and RIMM. Usually a green candle is followed a green candle after hitting dynamic support and usually a red candle is followed by a red candle of hitting dynamic resistance.
If you notice RIMM, you can sometimes take $1 or more per share!
DON'T BE GREEDY!
ELD attached.
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TradeStation removed many of my threads on their forum because they don't want you to have my FREE indicators.
But a quick google search will take you to the Motherlodes.
Wikipedia
in General Discussion
Posted
I just want as many traders as possible to know there are FREE INDICATORS that are as good, if not better, than the indicators people are selling.