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Hi Geo,
In your post you said: "but I solved that problem by using an chart
overlay program to draw on AB charts)."
Could you please share the name and the source of this program.
Kindest regard
Guno
--- In amibroker@xxxxxxxxxxxxxxx, "Geo Singleman" <geosing@xxxx>
wrote:
> Ken,
>
> Good luck with the effort. I forgot to mention another site you
may find useful - especially if you are considering trading emini
futures. Michael Jardine who runs this site is the author of a book
on Fibonacci Trading techniques.
>
> http://www.enthios.com
>
> I became a profitable trader only after I dropped all the
indicators, moving averages and other squiggly lines which are all
dervitives of price. I have got to the point that I can do without
charts during the trading session. The charts I use are plain
vanilla candle charts and volume, if available. (eminis do have the
volume). I only use straightline tools - trend channels and median
lines. (I wish I could draw sliding parallels in AB - but I solved
that problem by using an chart overlay program to draw on AB
charts). Certain characterstics of price moves and patterns combined
with behavior of volume (where available) are all that I use in my
short term trading - most trades within 10 five minute bars. This
may be just me, as I know successful traders with Ensign charts
looking like Picasso's work. My feeble brain cannot process more
than 1 or 2 variables at a time. Keeping it super simple works for
me. Anything that made me think and hesitate was fatal to the
bottomline. :-)
>
> Don't get me wrong, as AB is a great TA and backtesting tool, you
can probably find something that works well for you. It is just that
in very short term discretionary trading less is more., imo.
>
> ----- Original Message -----
> From: Ken Henderson
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Saturday, June 26, 2004 07:41 PM
> Subject: RE: [amibroker] Scalping Using RT Tick Data
>
>
> Hi Geo
>
>
>
> Thanks for the web sites, they make interesting reading.
>
>
>
> Although I have not traded extensively short term, I tend to
agree with you that standard indicators do not work well in this
time frame. I am interested in playing around with some indicators
that have come via the AB user group. I will let you know if I find
any that are of assistance.
>
>
>
> Trading tick data is very much a matter of staying focused on
the charts and acting quickly that when you believe a trade should
be entered or exited with very tight stops.
>
>
>
> Only time will tell whether this is a market that I should trade.
>
>
>
> Many thanks
>
>
>
> Ken
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