2009.05.22 THE ANTI-TRADE INDICATOR
Posted: Fri May 22, 2009 12:31 am
2009.05.22 THE ANTI-TRADE INDICATOR
I listen to the MARK DOUGLAS MP3 a few times each week. Some of it is really sinking in. According to Mark, it doesn't take any skill to enter a winning trade. Our technical indicators are designed to give us an "edge" but CAN NOT TELL US THE OUTCOME OF ANY PARTICULAR TRADE.
I wrote the "fortune teller" indicator as a joke when all the TRIAD HYPE started. I figured random numbers were as good as TRIAD or any other SQUIGGLY LINE based system.
I had written a couple of RISK indicators that ranked the risk of going long vs going short. Today, I wrote a couple of indicators that tell you NOT TO GO LONG OR SHORT.
TRO_MM_NOT_TO_TRADE is a multimeter that tells you not to trade long or short on all of the time periods.
TRO2009_MP_NOT_TO_TRADE is a multi pairs indicator that tells you tells you not to trade long or short for each of the pairs entered.
These indicators are still under development.
I listen to the MARK DOUGLAS MP3 a few times each week. Some of it is really sinking in. According to Mark, it doesn't take any skill to enter a winning trade. Our technical indicators are designed to give us an "edge" but CAN NOT TELL US THE OUTCOME OF ANY PARTICULAR TRADE.
I wrote the "fortune teller" indicator as a joke when all the TRIAD HYPE started. I figured random numbers were as good as TRIAD or any other SQUIGGLY LINE based system.
I had written a couple of RISK indicators that ranked the risk of going long vs going short. Today, I wrote a couple of indicators that tell you NOT TO GO LONG OR SHORT.
TRO_MM_NOT_TO_TRADE is a multimeter that tells you not to trade long or short on all of the time periods.
TRO2009_MP_NOT_TO_TRADE is a multi pairs indicator that tells you tells you not to trade long or short for each of the pairs entered.
These indicators are still under development.