technical indicator

discussion on fundamentals influence on rule-based trading

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oak2202
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technical indicator

Postby oak2202 » Fri Jun 18, 2010 9:52 am

hi every one,am a newbie.please,i need help from guys.i started trading live over two years after demo trading for months.my problem is that i need a strategy/indicator for long term trading like one hour,4 hours or daily.i av lost over two thousands dollars.right now am having $10 in my account.please,i will appreciate any help

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bredin
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Postby bredin » Fri Jun 18, 2010 10:43 am

welcome to kreslik, oak

H1,H4,D1 is not long term trading :)

start with the thread "never lose again", then go on to "lukx zline thread"

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Postby TheRumpledOne » Fri Jun 18, 2010 5:16 pm

START HERE:

DRAIN THE BANKS - LIKE A RAT

http://kreslik.com/forums/viewtopic.php?p=25593#25593
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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sadmemories20
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Re: technical indicator

Postby sadmemories20 » Tue Mar 22, 2011 10:02 am

oak2202 wrote:hi every one,am a newbie.please,i need help from guys.i started trading live over two years after demo trading for months.my problem is that i need a strategy/indicator for long term trading like one hour,4 hours or daily.i av lost over two thousands dollars.right now am having $10 in my account.please,i will appreciate any help




Thanks you for the post.
Hi guys, Im a newbie. Nice to join this forum.



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Postby Relativity » Tue Mar 22, 2011 11:09 am

Welcome! Yes start from Drain the Banks. Its lengthly, but take your time to read and develop your skills. Rushing is the last thing any newbie should do. No one becomes a pro trader overnight, but the road is worth it.

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Postby trader.dan » Wed Dec 07, 2011 12:57 pm

I think i have a good set-up for long term trades. Looks promising at first glance, but need to work out the finer details. I read about it in Linda Raschke's book "Street Smarts". In the weekly charts, i look for INR7. INR7 is a day in which the day's range (today's high price minus low price) is narrower than the previous six days, and the seventh day is an inside day. The significance of this pattern is that it represents a marked decline in price volatility. Range expansion and an increase in price volatility tend to follow an INR7 day. But entry needs to be worked at. Many a times, after the break of high of the INR7, price suddenly reverses. So a break of the high or the low cannot be used as a valid entry. I am working on it, and hope to find some good entry strategy.

Happy trading O:)

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