Still short from 3366.
Just a few words here concerning our friends departure who will be greatly missed. Phillip did a wonderful service here by giving us the necessary tools to be successful by showing us solid method for trading that requires patience for the correct set-ups to occur. He also did a great job by asking, very politely, that no additional indicators be added and posted here. The method was the same as it was two years ago. Just a few moving averages and a MACD. Fib#, trendlines, channels, etc. were added to use as secondary targets or entries but not as indicators to trade by. Of course this is Phillip's mantra and I have taken it as my own as well. Now, people can do whatever they wish with any method they have, bend it, break it, tape it back together, make it worse, better......but to continue with the integrity of this thread I'm suggesting that we keep to that theme and leave things as they are. There will be new faces that show up and along with that there will be new indicators showing something else. This is where the integrity will be lost and the thread will lose its foundation and eventually only show up in the third or fourth page of this forum nd not on the first page where it resides almost 100% of the time. When this starts to happen, it will more than likely be my exit as well. There will be too mcuh interference mixed in with the min method. I'll help here when I can in lieu of Phillip's permanent absence but if there is a question about "The MACD ws dong this but the RSI was way over 70 and overbought..." I will simply ingnore the question or not take into account anything about the RSI, Stochastics, etc. pending that I have the time to do this in the first place.
This isn't to bash anyone or point any fingers and I do realize that most any system has room for improvemnet. Hell, I just picked up on something a week or so ago and I've been doing this for two years but it isn't because of an added indicator but rather based on the moving averages that are already used. Anyway, the take home messgage here is to keep things as close to post #1 as possible. That's it...
Just a few words here concerning our friends departure who will be greatly missed. Phillip did a wonderful service here by giving us the necessary tools to be successful by showing us solid method for trading that requires patience for the correct set-ups to occur. He also did a great job by asking, very politely, that no additional indicators be added and posted here. The method was the same as it was two years ago. Just a few moving averages and a MACD. Fib#, trendlines, channels, etc. were added to use as secondary targets or entries but not as indicators to trade by. Of course this is Phillip's mantra and I have taken it as my own as well. Now, people can do whatever they wish with any method they have, bend it, break it, tape it back together, make it worse, better......but to continue with the integrity of this thread I'm suggesting that we keep to that theme and leave things as they are. There will be new faces that show up and along with that there will be new indicators showing something else. This is where the integrity will be lost and the thread will lose its foundation and eventually only show up in the third or fourth page of this forum nd not on the first page where it resides almost 100% of the time. When this starts to happen, it will more than likely be my exit as well. There will be too mcuh interference mixed in with the min method. I'll help here when I can in lieu of Phillip's permanent absence but if there is a question about "The MACD ws dong this but the RSI was way over 70 and overbought..." I will simply ingnore the question or not take into account anything about the RSI, Stochastics, etc. pending that I have the time to do this in the first place.
This isn't to bash anyone or point any fingers and I do realize that most any system has room for improvemnet. Hell, I just picked up on something a week or so ago and I've been doing this for two years but it isn't because of an added indicator but rather based on the moving averages that are already used. Anyway, the take home messgage here is to keep things as close to post #1 as possible. That's it...
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