- Joined
- 12 November 2007
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Never used an MA for anything so I can't really say. Why do you use them?
short terms, what MA do you prefer, I have always used EMA under 10 min but I tend to like WMA more. I have read up on em but can't see any real advantages listed in what i have written.
opinions????
Never used an MA for anything so I can't really say. Why do you use them?
i use them cuz there part of a method I have been using on and off for about 2 years. the MAs give you direction, you trade retracements off them in the cross direction.
this is the method have a look if you want let me know what you think. http://www.trading-naked.com/FloorTraderMethod.htm
I guess by your comment you trade off support and resistance right? still on sim, but another .20 cents up to this point in the evening.
short terms, what MA do you prefer, I have always used EMA under 10 min but I tend to like WMA more. I have read up on em but can't see any real advantages listed in what i have written.
opinions????
Fark! So glad I'm short right now lol
very nice! i caught a short off the decline.
Yeah it was Crude Inventories released tonight @ midnight(Adelaide time), I was short because there was some resistance there on the higher timeframes, went short 2 contracts @ 84.40 I think it was(have closed down TWS), exited @ around a $1 less. Pity I'm only on Sim, if it was my live account, it would have spiked the other way lol
LOL u held through oil inventories! hahah, didnt u notice dom liquidity drying up just before hand?
DOM, No DOM, someone just cut the BS and tell me if its worth looking at or not.
I went short because there was resistance
Ahhh the DOM, now lets see, everyone except maybe one guy I have asked about that says its "useless" and there is no point staring at the DOM, so....no I didn't see it dry up just before hand. I had it up but wasn't taking particular notice to it.
DOM, No DOM, someone just cut the BS and tell me if its worth looking at or not.
I went short because there was resistance above so I thought it would come off anyway, Inventories just happened to help it there alot faster than I thought haha
I couldn’t think of anything worse than staring at the screen all day or
night waiting for volume or the DOM to make decisions.
You should already know what you’ll be doing before the day and where
you want to be trading.
If you are not sure of a particular set-up on a day, then the DOM might
give you an edge. But it should be an after thought.
What you did was correct:- trade support & resistance
If you are relying on Crude to meet your daily living expenses (primary income) then by all means use it.
If you are trading crude for extra cash and a few trades per week then
focus on support & resistance.
Note:- I might be bias because I don’t look at Volume.
all the professionals with the money look at it. even the funds that that do super long term stuff do because their execution traders play games to get best execution.
No matter which way I trade, someone, somewhere thinks its stupid so I dunno
This comment, after your comment about someone "someone just cut the BS and tell me if its worth looking at or not.".
Have you ever worked before Sam? Have you ever heard of a thing called autonomy or how about initiative?
Fark me, your rants are becoming very annoying.
Your quoted comment above is because everything works and everything doesn't.
Work out what you think works, then practice that. If the results aren't there, work out why......and on goes the loop. This is trading, it's continuous evolution.
Right, I had a large post about this sort of **** around here but its not worth it. I know what the response will be.
Enough from me around here then. Thanks to those that have helped me. Good luck in trading everyone
No problems.
Unfortunately, your not going to be spoon fed the holy grail anywhere in the world, inclusive of the virtual world, because there is no such thing.
I've given you ideas plenty of professional traders use, yet, it obviously isn't enough. You become frustrated and just want more and more and more, to the point that nobody can help you but yourself.
MRC,
I know that.
I'm using your ideas. I have been ever since you shared them with me.
My "rant" was merely to do with the DOM, of which you mentioned nothing in your ideas, its something that seems to be rarely talked about, some use it solely by itself, others think its a waste of time and I thought you of all people would know that no matter what way you trade, someone is going to think its not right, especially around here, everyones dick is bigger than the next guy's.
I would hardly call that wanting to be "spoon fed".
But anyway, I have appreciated the help I have gotten from yourself and others, I know there is more work to be done, as there always is. Heads down. I'll be sure to keep my farking annoying ranting voice down from now on.
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