I thought I'd share a chart that I use for session planning. It's a 250 tick chart with a 160 period Bollinger band. This morning the SMA160 was flat, and the index started south of the lower Bollinger band - so up is a likely direction. Similarly, ...

Carpe diem: Intraday tactics for Dax and Dow

Hilarious thread. Of course, TA doesn't work. Look below. As you can see, there are losses every once in a while. So it doesn't work.

There is no such thing as technical analysis

As you're both in the UK, it might also be possible to settle this with a good old honest fist fight, no?

There is no such thing as technical analysis

Is teaching mathematics being a mathematician, or something else?

Is strictly trading support and resistance profitable?

This thread, almost ten years old, could be useful: url

Is strictly trading support and resistance profitable?

I do not use time-based charts, and I don't want to go into detail about my own trading. But I have posted some charts here in recent months if you are curious. As to range bars - for which Auron112 and myself had a model that worked wonders for ...

Islander and Medici trade the European open

I wish I could, but I don't have anything back-tested. I just know from experience that it's possible.

Islander and Medici trade the European open

And here's one way of doing it: Add a faster EMA for pullbacks in faster trends, such as this morning. Then add a smooth and responsive oscillator for entry trigger. After doing that properly, you should have a good profitable system.

Islander and Medici trade the European open

Why not? It's not a complete system, and it's not part of the system I use (except in principle) but basically educational. Still, with a bit of work it can be turned into a working system. So, good charity as far as I'm concerned.

Islander and Medici trade the European open

Did I say those things? Sounds wiser than I give myself credit for. I wish I had remembered them, and my trading results would have been better And, yes, I've done plenty of meditation. These days I tend to prefer psychedelics.

Islander and Medici trade the European open

Thank you Appreciated, coming from an old-timer on this forum

Islander and Medici trade the European open

Same, 60.

Islander and Medici trade the European open

And here's a cleaner version of the chart posted, as well as a possible way of making this strategy objective. The MA is an EMA60 with a 2.5 ATR band. The white zones are where the EMA60 Bollinger band sneaks inside the envelope. Range is now ...

Islander and Medici trade the European open

Next question is, of course, how does one do that? To define edges of a range one needs some kind of channel, and to define pullbacks a moving average could be helpful. So the simplest setup would be some kind of moving average envelope and, indeed, ...

Islander and Medici trade the European open

Applies in a lot of contexts for me, but not in trading. Trading needs to be strategic as opposed to impulsively reacting to what's happening in the market. For that one needs a strategy, which for me means a few colourful things on the chart. One ...

Islander and Medici trade the European open

And how/why did you choose your current risk level?

50 to 22000 in one week

40% equity gain with 11% drawdown?

50 to 22000 in one week

Is it gambling, or is the profitability due to it? Is there something to learn here? Have you calculated the Kelly ratio? With same entries, and with traditional <2% a trade, where would the account balance have been now starting with 1000 Euros?

50 to 22000 in one week

The Usaindsep16 refers to a futures contract, which is priced differently from the cash index - taking dividend yield and time value of money into account. See url

50 to 22000 in one week

That's strange, because trading is from one perspective a statistical game, and after ten years you ought to have plenty of data. What I mean by that is explained in this blurb that I posted elsewhere: What I would recommend is Going over a few ...

Islander and Medici trade the European open