From one Expert to Another — On head and shoulders my stop is about 20% head to neckline distance above the head. I also have a limit trade near the head. Take profit is head to neckline distance - but monitor the trade. The stop and limit ...

Really simple trading

Ref — Hi Ref is a lookback - so Ref(c,-2) is the close two bars ago.

Composite Indicator

Pervasive gloom - time for a rally? — S&P looks set for a long term bear to me - but I reckon there´s a rally round the corner (maybe the famous christmas rally). Then I will get my pension and other stuff out the market cos long term it looks ...

Is the Market Bottoming???

Indicator — Hi Tried indicator - doesn´t display the actual composite - ´a´ in the code. But the MAs look correct. Thanks

Composite Indicator

Error in code — CI should be `a`on the first line

Composite Indicator

Formula for Composite Index — Here is the code in Metastock format - it´s all I know: CI = rsi(14) - ref(rsi(14),-9) + mov(rsi(3),3,s); plot1 = mov(a,13,s); plot2 = mov(a,33,s); a;plot1;plot2 I hope it´s self explanatory - the MA is a simple ...

Composite Indicator

MACD — This is a great systems - 5 trades, 1 loss today - 60 pips total. I'm sure other have done better, but I've had other things to do. I'm using the MACD - standard settings - to look for divergences as prelude to a trend change. Many ...

Scalping the Rainbow

Taleb — I think Taleb found that big moves happened more frequently than people thought - he makes his living from trading options - just waiting for the big moves. I certainly don't discount the fact that there are real superstars - but I'm ...

Ruler of the Universe

Very Helpful — Hi luSan You are providing a great service by detailing your trades - thank you

Lusan's trade Journal

Trading Nihilism — Well I've probably got more insight over the past few days than in the last 2 years. My sense of trend is awful - wrong every time on 5 trades now (in demo). Interestingly enough they could all be rescued. I've thrown out my ...

Technical Analysis Fallacy

Hi FTI — 'Really, don't you think you should give that shadow of yours a good heart to heart. It may have had difficulty in understanding the value of money.' You are a very insightful man

Technical Analysis Fallacy

Dr Strangelove — Thanks for the reply luSan. Today I have been like Dr Strangelove. If you remeber the film with Peter Sellers - he would occassionaly try to strangle himslef with his left hand - and his right hand would have to come to the ...

Technical Analysis Fallacy

Hello — What a journey - and how I've been humbled by these markets - and how relieved I am to find this thread. I've succeeded in most things I've done in life, but for two years I've really struggled with this. I am sort of semi retired - so ...

Technical Analysis Fallacy