Recent content by wakka

Depends on whether or not you will now get over confident and blow the lot in your next trade.

So we all know about Moving Averages, MACD, RSI, Bollinger Bands and Stochastic Oscillators... But what are some less well known indicators out there that you have found useful?

Good one. :lol:

Yes, I understand. Thanks for sharing!

Sorry, I'm not up on all the technical terms. I mean, why did you choose to trade at point 1 rather than point 2 in the chart? Both seem to indicate good price action.

Interesting. Why did you choose the point 3 ticks back rather than the perfect cross 6 ticks back?

Yeah I agree. I think the original poster said he only trades pin bars.. But I might have misunderstood and he has only begun to trade pin bars... ie. added them to the list of things to check. It would be interesting if you could trade pure pin bars and come up tops with the correct stop...

I'm currently looking into price action as a major trading indicator. Do you add any other considerations to your trading? Support/resistance or trend lines? Would you trade against the trend if the price action looked good?

Im glad i clicked on this thread for pure entertainment value!!!

Right, so theyre not buying newly issued bonds?

What I dont understand about this money creation, is that this money is created out of thin air to buy these corporate bonds. These bonds have to be paid back, with interest! Where does the money and interest that is paid back go?

Right we are below the 60 SMA on the 4 hour, the 1 hour and the 5 minute. If we were only looking at 4h 1h and 5m, the 3 ducks we'd be looking to go short now. But, we are above on the 30 and 15 min, quite significantly. We need a drop to <4100 to get under on the 30 minute chart.. :confused:

Ah, good stuff! Well we are below the 60 SMA on the 4 hour chart, but have just broken above it on the 1 hour chart. So not in a definite down trend. Should stay out until we drop down to 4115 or so... If we do, Ill have a look at the MACD to decide when to go short.. Noticed the 3 ducks are...

Im using Dealbook Web from GFT.

Yeah, I was a bit down. What you said will be useful, gives me something to chew over rather than just feeding to me, which I appreciate as I will then truly understand! Unfortunately house work has gotten in the way this afternoon.. Looking at my trades in retrospect, it seems that I did both...