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Hey panda, first of all...great trading. I'm more of a scalper, but this thread alone has helped me to expand my thinking alittle and look at the market differently. But if you don't mind me asking, what indicators are you using?
I'm glad you like the thread. Its always nice to know someone feels like they are giving something back to the community.
Here is my list of indicators all of which are available here on the forum in the downloads area. The indicators are mostly a set of filters that guide my thinking in terms of market direction and potential entry areas. I have various thought processes with regards to how I use each one and then taken together they form a a reason to enter a trade and to exit that trade. Basically they only provide context, its what you do with the context and how price is behaving in that context that determines your trade.
That being said, most people focus on indicators as a way to find an entry location, which is fine of course but of more importance is both the risk associated with that entry and the exit. Entries are designed to minimize risk and exits to maximize profit.
So to sum up, I provide my indicator list gladly but they won't be of much use without a plan to use them for both entries and exits.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
Hi PW, I hope all is well! Thank you for the list, I have most just missing 2. My purpose is to really work harder at the imtermediate price movement and projections-intraday. I trade inside your trades, but I would like to have a better plan to trade more based on multple swing movements once a trend area has developed so I can hold longer. Holding longer, means less commission for me. So with all that just trying to get better, and I like your approach in what your thought process in for entering trades. I have kept tabs on you since the AZ thread...so thank you for your skill, sharing and above all your time. BTW..welcome back. Mark
I think people look at your profit / loss and indicator set and go wow, I can do that... The reality is that it rarely works for the reasons highlighted above. The truth is; Give a new / un experienced trader a good trading system or good set of indicators and they will still lose money... give a good / experienced trader who is focused on trading (not money!!) a poor trading system or bad indicators and they will figure out a way to make money.
At some point a trader realizes profits are nothing more than a result of an action. If you are focusing on the result instead of the action your never going to succeed as a trader.
@Big Mike, Tried searching under LBR. Brings up a whole list of LBR310 indicators, some of which I've shared. Nothing relating to Pavlotos, though. I didn't know it was another 'flavor' of LBR310. Thanks.
After all, it's what you learn AFTER you know it all, that counts!