Someone asked about the setting

    Posted by stevieb294 on 6th of Dec 2019 at 09:58 am

    Someone asked about the setting for this chart. I rarely use anything too complicated.

    thanks for sharing Steve, on

    Posted by matt on 6th of Dec 2019 at 10:08 am

    thanks for sharing Steve, on a side comment I would also incorporate some price action, remember I don't like pure indicator systems because indicators lag and price action is king. 

    what I mean by that is use your candlesticks, many of those sell signals were early and the trade could have been ridden longer by setting trailing stops say just below the previous candlesticks or at tight ATR indicator or PSAR indicator but on price not the indicator

    Thanks Matt. Yes, by all

    Posted by stevieb294 on 6th of Dec 2019 at 10:21 am

    Thanks Matt. Yes, by all means. This is just one of the many charts I use to follow the trend. I do not use this or any one indicator for my entries. I do like your "trailing stop below the higher high" idea. Although since I trade credit spreads, my stops tend to be more mental than anything... Keep up the great work.

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!