Technachucka,
Gosh, I am amazed at the depth of your technaknowlege! I know that you asked for TATRADER, but I take license in responding.
Impressive, for sure. I did not know that you knew that stuff!!
My advice would be to test your indicators and your system over many situations and many markets before you put your money on the line. You think that you have things pretty well bracketed and then you find that either your indicators failed you, or you failed to interpret them correctly. Lagging indicators that you mention can and frequently do, decieve their viewers. Viewed alone, most of them are worthless. Viewed in concert, and viewed in many time frames,they may have more validity. Markets behave in a non-linear fashion. If you wish to pay $150 to $1000.00 per month, you can get daily and hourly forecasts from Hans Kassayup. He has been rather successful in his forecasts, and that is a subject of further study for me. One can buy all sorts of systems and devices to predict the future. Some are quite expensive. I would not buy any system without great investigation and without knowing that I had the funds to meet the criteria of that system. I am not debunking system trading, for some of them have been very successful. Caveat emptor! In all things and all ways!!
Systems can decieve the viewer. Be they charting systems or trading systems. Basically, it ain't the system, but the trader that counts, and how he uses his sysem and his indicators and ultimately whether he is successful or not. One can buy the most expensive system and have redundant real time quote systems and multiple monitors and be in tune with every tic on every market and have alarms and bells on all of those and still be very, very unsuccessful. In the obverse, a trader might use very basic means to produce very profitable results. It is the trader and his understanding of the markets and how he interprets and acts on what he sees and how he manages his money that counts!
His philosophy and his actions and risk management will determine wheter he survives and lives to trade another day!!
I have been blabbing a lot here, but believe me, I am taking my wone advice. I will not pull my trigger until I see a situation which fits my current philosophy and fits my risk management plans. Right now, I need to be way out in front of the markets and buy cheap options before the market changes. I am doing ok. If I am successful here, then I will be more comfortable and will relax and follow trend breaks.
The trend is your friend, until the end!!
That is where the rubber meets the road and that is the problem to be discerned by concerned investors. Where does the trend end???
Trendy, Jack!!! |
