sfsamperi.blogspot.com

You have to survive

You have to survive
Every day is a battle, survival is rule #1

Monday, March 1, 2010

i have been researching a little and i think i figured out how many indicators is too much for me. 9 signs on my MTF chart is a little much. Thinking about dropping the fibonacci, stochastic divergence and histogram divergence.

that leaves me with LTF 20MA, trendline/pattern as S/R, bar signal, volume at/above avg, stochastic overbought, histogram near hi/low..........6 signs that i would see on my MTF trading chart. should be enough.

now i will focus on finding good LTF's and try to find out my hit/miss ratio. TOS has many futures to trade so i will try to pick from them first, before using any stocks.

I thought i would be able to make more trades in real time by watching for day trades on my days off but that doesnt work out so well since i sleep in and run errands. i will stick with daily moves (3D, 2D, 1D) to trade using Weekly charts as my LTF. i "have time" to trade daily moves.

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