hmm, let's see what we can do with just 2 indicators

i was just thinking of a really , really simple system composed of 2 indicators.

I'm using bollinger bands and MACD, let's see if this very basic approach can actually make money.

I am not trading pin bars etc any more but i'm saving up so i can afford to learn to tape read and found out i canget all i want from sierra chart from $65/month.

The basic method here is to aim long at lower band when MACD crosses above 0 line, and to go short at the upper band when the MACD crosses below the 0 line.
I have no idea if this works or not so it's a punt i guess. Will be demoing this obviously on the H1+ timeframes.

James,
Most would disagree with this, but you will save yourself years and untold disappointment if you simply forget indicators completely. Some call reading price action dark-siding. To me it is light-siding as it's totally enlightening.
But still, everyone to their own poison.....it's just that you are so straight and have politely rejected the crap thrown at you by some that I don't want to see you wasting the next three years exploring every cul-de-sac of training "indicators" known to and yet to be invented by man.
Richard

I disagree.
There are ways to use indicators to make money.

I always like to hear new ideas TAjammy.
I will look at your idea and see if i can see any money in it; then I will post again and let you know what I observe.
Keep the wheels turning.

i know that , to be honest mnost retail indicators are quite bad. This is why im challenging myself to see if i can actually make money from them. And like i said im saving so i can afford to access DOM etc

o yeh and i'm not ditching price action, im just heading towards a more raw form of it

you can get DOM for free for SP,DJ, Nasdaq, 30 years, Russell and Dax if thats what your looking for amp futures/mirus demo account do it with ninjatrader and there is ones that do it with TT...if that is what you wanted...

i find the order book is useless cos you get people pulling in and out and everything, T & S is alright tho...
Indicators don't reli tell you anything that isn't already in price, i think they are good sometimes for newbies to get a feel but they should be ditched eventually.

well im wanting to access DOM,time and sales,$tick,$trin

Have you read - John Carters Mastering The Trade. THis book deal with all your talking about above.

Also have a look at his Trade THe Markets website as it provides brilliant free daily emails to help you trade.

Ged