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Bill et al,
Perhaps you could give us some input as to how well you do using your tape
reading techniques. What percent of winners and losers and what win loss
ratio you are experiencing. Proof of success using or not using indicators
is what would help decide.
As I said some time back, I know of Day Traders that use systems based on
indicators that claim to be successful. One uses a DMA and entry/exit
rules.
Personally, I like some indicators that tell me things that are not readily
apparent. I also know that no indicator is going to provide perfect
guidance for trading. I know that I don't have the necessary psyche for day
trading. However, day trading or not, the use of indicators or not is
Germain to our trading. It took me years to develop some indicators that
make it easy to see certain setups that I use for trading. No tease
intended but I will not give them away freely.
As I see it in trading the hardest thing to do once you understand the game
is learn to overcome your natural tendency to grab for all you can get,
while still allowing your trades to become profitable enough to remain in
the game.
Brent
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> From: T-Bondtrader <t-bondtrader@xxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: T-Bond Day Trading
> Date: Tuesday, March 16, 1999 12:39 PM
>
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