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For years i have been working on building the perfect system...what
ever that is. In order to bring me there I decided that part of what
it takes is asking the right questions. Recently in a discussion with
a trader I came to the idea that an important question is:
What do you trust?
While at first glance this may seem simplistic the result for me has
been interesting. When I ask a question like what would be a great
system? I come up with a totally different answer. With the trust
question I found myself led to something that may be a great system.
Does anyone have experience with asking yourself questions that lead
to good answers?
Regards
Dick
---Earl Adamy <eadamy@xxxxxxxxxx> wrote:
>
> Someone asked what I'm using to trade these. Believe it or not, just
"lowly"
> uncomplicated bar charts with raw price action unfiltered by
indicators. I
> do have one indicator mounted on the daily charts of all these
commodities -
> 10 day average true range so I can do a quick ATR * tick size to see
if I
> want to touch the commodity. I have about 20+ different commodities
setup,
> each in a SuperCharts workspace with weekly chart on right monitor
and daily
> chart on left monitor. I work the weekly first using lines and a
Fibonacci
> tool to get the feel of the trend and the degree of thrust in recent
moves.
> Then I move on to the daily and do the same thing. If the odds
appear to be
> in my favor I considering entering a trade, if not I mark it for later
> review or pass completely. Also, when position trading, I use the
Bullish
> Review of COT newsletter (see www.bullishreview.com) to give me some
idea of
> which way the various groups are leaning, especially the
commercials. If I
> decide I want to enter a trade, I look at the price action on the
intraday
> charts in Ensign www.ensignsoftware.com or LiveCharts at
www.quote.com where
> I don't have a real-time exchange subscription. I find that on
quote.com,
> which has no drawing tools, I can quickly approximate Fibonacci
> relationships and trendlines by eyeballing the chart.
>
> That's about it. Basically what I do on the spoo day trading except
that I
> run much small time frames 2m/9m/45m/d and I run some custom studies
on
> premium and breadth.
>
> Ear
>
>
==
Big Lucky Dick
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