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Post #1- All you need
To me simple is better..... I don't want to look at too many indicators. Besides, all indicators are doing is telling me is what the price is doing so.... why not learn to read price action? ............
I agree .
I follow along with your thread Jeff and enjoy it greatly . What I enjoy about it is the fact that you are willing to give everything a chance to prove if its worth . I especially agree with you when you stress to others that finding your own combos or templates is most critical .
Jeff,
I am a beginner trader and the one thing I have found is that I need to figure out what type of trader I am. Everyone says it but it doesn't sink in until you get some experience. I first thought, "If they are making money doing that then I will just do the same thing." But I have found the truth: regardless of what works for others it may not work for me and my personality. So I totally agree with your statement about setting up your own templates.
However, the templates are a starting point for reviewing, adjusting, and learning. The templates are appreciated even though I may never take a trade like you. I have learned more on this forum in the past month looking at what other people are doing in the real world than the months before I got here. Thank-you for posting the templates. Thank-you to Big Mike for the forum. Thank-you to all who contribute to those like me that are still at the bottom of the learning curve.
I've read the whole thread and the the OP states the intent, so there's reason to be redundant.
However, what we see from the first chart to what we see now is materially different, even though it's labeled "price action." The fact is, the indicators are not the same and following along to understand all the changes can be a bit of a headache, especially if one has not been a reader from the inception.
I think it's a very reasonable request for JC and others--myself included--to get a most recent template of what Jeff is showing here almost daily in his trading. It will certainly eliminate many posts about which indicator, settings and other details.
Jeff,
I will consider myself successful when I can stop working for "The Man." I have a day job right now and trade before I go to work. But I am still in SIM mode. I don't consider myself successful yet. I believer my journey has been like many others. "There IS that holy grail indicator. I won't be the 95% because I've been successful at everything else I have ever done." I now consider this a life long learning process and I am excited about the challenge.
So what's the answer Jeff? Do you have a template (rhetorical)
these are mine variation of paint bars. It is variation of TTM trend indicator with the addition of reversal colors. In certain situations it works very well.