Which two indicators would you use?

[tech/a]

In the mean time those who are sick and tired of slaving countless hrs with disappointing results---- would be best advised to look into the PAREBO principle.

 

[nunthewiser]

In the mean time those who are sick and tired of slaving countless hrs with disappointing results---- would be best advised to look into the PAREBO principle.

I tend to use the KISS principle but that does not make as exciting reading.

 

[MRC & Co]

In the mean time those who are sick and tired of slaving countless hrs with disappointing results---- would be best advised to look into the PAREBO principle.

Pareto?

Anyways, welcome back.

 

[Boggo]

But your system examples posted is all in HINDSIGHT m8 .made to fit AFTER the fact......... i have mentioned this previously so will not question the merits or ask how this method of posting actually benefits anyone that trades in realtime.

Just my 2 cents not intending to create any angst or badwill.

Any chart ever posted is hindsight, if you can find otherwise I will buy it.

Nothing is made to fit on any of my charts nun, that is my default template in Metastock, open any chart and it is on there and my scan is exactly the same, it finds the charts where an arrow exists on the bar.

One stock scan result only on Fridays data, SMX. I only scan stocks that have a market cap of >= $30 mill.

 

[seasprite]

I tend to use the KISS principle but that does not make as exciting reading.

I use the PISS principle , drink lots of it , home brew mainly and then make a decision . If I can remember what company I was looking at , surely it must be good. Yeah welcome back Tech.

 

[tech/a]

Pareto?

Anyways, welcome back.

Yes sorry dyslexia

 

[Trembling Hand]

In the mean time those who are sick and tired of slaving countless hrs with disappointing results---- would be best advised to look into the PAREBO principle.

Don't see how that is going to be relevant. So only trade the top 20% of trades??

I've said to you before, if you can travel in time and tell me which ones are going to be my top 20% I will happily follow that rule. But since I cannot travel in time and a trade is not like a customer I don't see how that's possible?

 

[beaul]

Trembling Hand, what is your point about putting rubbish on newbees.

You do not know who i am or what experience i have had with the stock market.
We all know it is NOT that easy, what is your point.?

I was chairman of a publically listed company that I floated some years ago here in Australia before moving to California for ten years.
I have probably had more years of experience than you ever had, but
I am always willing to learn.
Get a life.

 

[Mr J]

Beaul, I'm not sure how being chairman of a publicly listed company makes you a good trader, and experience does not equate to skill anyway. TH is blunt and obviously offended you, and you have reacted in the way most people would - dismissing the point and focusing on the attitude.

 

[Trembling Hand]

Trembling Hand, what is your point about putting rubbish on newbees.

You do not know who i am or what experience i have had with the stock market.
We all know it is NOT that easy, what is your point.?

You think I'm taking the p!ss but your ego is getting in the way of the message.

I was chairman of a publicly listed company that I floated some years ago here in Australia before moving to California for ten years.
I have probably had more years of experience than you ever had, but
I am always willing to learn.

Maybe in floating a company off to shareholders but trading I would have a fair bet no you haven't. Just because you have listed a company will not make a canned indicator "work".

I still say that my post at #24 is actually, for you, the most helpful, practical, safest and likely to lead to success post in this thread.

Get a life.

 

[nunthewiser]

Trembling Hand, what is your point about putting rubbish on newbees.

You do not know who i am or what experience i have had with the stock market.
We all know it is NOT that easy, what is your point.?

I was chairman of a publically listed company that I floated some years ago here in Australia before moving to California for ten years.
I have probably had more years of experience than you ever had, but
I am always willing to learn.
Get a life.

HE IS HELPING YOU

There is none so blind that cannot see .

During your time of being employed by bogans like me and other toothless shareholders did you ever actually trade stock ?

To learn is to listen.......... if not prepared to listen , dont learn........... simple really.

 

[Largesse]

this thread is funny

 

[nunthewiser]

this thread is funny

Get a life

 

[beaul]

Thank you guys, including you TH.
I love this forum.
It is good we can all have a bit of fun, while hopefully making money.

 

[seasprite]

I still say that my post at #24 is actually, for you, the most helpful, practical, safest and likely to lead to success post in this thread.

yep . did that , burp. came up with
Time seems to be the most important indicator after drinking beers and since views are showing as 1618
0-67
67-86
86-194
194-235

194-86 = 108 which = 1.618 X 67
235-194= 41 which = 38.2X 108
0.618X 41 = 25
25+ 194 = 219

235 = 12 feb 2010 or there abouts for wave 5

 

[Whiskers]

yep . did that , burp. came up with
Time seems to be the most important indicator after drinking beers and since views are showing as 1618
0-67
67-86
86-194
194-235

194-86 = 108 which = 1.618 X 67
235-194= 41 which = 38.2X 108
0.618X 41 = 25
25+ 194 = 219 ]

235 = 12 feb 2010 or there abouts for wave 5

:iamwithst Sounds about right to me. sip sip.

Welcome back techa, we have dissagreed ocassionally but I respect you for being able to dissagree and carry on a conversation without excessive use of 'put downs' which can extend to 'cyber bullying'.

Take it easy TH... it's not good for the blood pressure. :... and why don't you at least respect the Beginners Lounge... take it a bit easy in here.

I'll post in the open threads later if you have some steam to let off.

PS: But seriously, I watch the MACD and Stochastic (among others), if for no other reason than that is what arguably most use or their system is at least partly based upon.

PPS: BUT, for discretionary trading I think the best 'tool/ indicator' is to master your own intuition.

 

[seasprite]

:iamwithst Sounds about right to me. sip sip.

sorry , was i suppose to include a chart as in potential breakouts, please use the one on dow analysis if need be , cheers.

 

[Wysiwyg]

PS: But seriously, I watch the MACD and Stochastic (among others), if for no other reason than that is what arguably most use or their system is at least partly based upon.

Interesting you should mention that because I was looking at CTA's (Commodity Trading Advisors) recently and noticed they use T.A. in their strategy . What I wondered was what indicators were most used. Probably top secret and beyond an internet search but would be interesting to know.

The models used employ several different approaches, including contrarian, momentum and trend following. In addition, the models result in different trade day durations, with short-term trades having an average trade duration of three days, medium-term trades having an average trade duration of 20 days, and long-term trades having an average trade duration of 100 days.
Longer-term trend models may have larger profit potential, but tend to be more volatility. Short-term model are used, in part, to attempt to reduce the overall volatility of the program and reduce drawdowns. The models generally have low correlations with each other raising the overall Sharpe of the combined portfolio. When a trading signal is generated, a trade is executed on or before the close or by the next day’s open.

another

It utilizes multiple momentum-based systems which incorporate price, time, volatility and pattern recognition into its dynamic models. These elements are combined to generate high probability directional trading signals, which attempt to capitalize on the many short-term trends that are present in most types of market environments.

and another

The model began trading U.S. markets in Nov 01 and in Sep 09 the model was applied to European and Asian equity indices. There are nine different alpha generating algorithms that generate trade direction and risk allocation. The model trades the DJ Euro Stoxx, DAX, Hang Seng, and Nikkei 225 (SIMEX) contracts for accounts greater than $1MM. Trades are short term, with new trade signals daily. The max leverage is 2:1. Trade signals are about 65% long and 35% short.

and another

Fully systematic pattern recognition program that captures short-term 1 to 2 day trend and counter trend movements. The STP program trades currencies, energies, indices, financials, metals, foods, grains, meats, wood and fibers both foreign and domestic futures markets.

and another

The general trading strategy is defined as "trend following". Most, but not all, trade initiations and liquidations are in the direction of a trend. The PAG program employs a number of trading models acting independently. Each model generates its own entry and exit signals and trades the long and short side of each market.

 

[tech/a]

Don't see how that is going to be relevant. So only trade the top 20% of trades??

I've said to you before, if you can travel in time and tell me which ones are going to be my top 20% I will happily follow that rule. But since I cannot travel in time and a trade is not like a customer I don't see how that's possible?

Most can't that's why I've been compelled to jump to the dark side and comment.
Nothing changes here---- pity some genuinely want to learn.
Following the herd mentality of 10000 hrs study will indeed qualify you as one very well read sheep.
Those who dare to question convention set themselves apart again will reply when I have more than an I phone to type on!

 

[nulla nulla]

I try to trade stocks that have Liquidity & Spread. I try to confirm entry and exit points using MACD charts and Relative Strength Charts but admit I am open to entry and exits when I determine spikes in interday activity. I am significantly less inclined to be drawn by dividends.