Indicator for discretionary trades

• 03/17/2020 at 8:29 PM #122386
  Dr Manhattan

  Hey, I need some help. I have been using he ZBoll executio style indicator for some good trades entries but today Im geting killed out there. I need an indicator wich can show a good point of entry. Any tips? what are people using?

  

  Dr Manhattan

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  03/17/2020 at 8:44 PM #122390
  GraHal

  oakenstream wrote:

  but today Im geting killed out there.

  What instrument?

  Did you know the DJI spread has been 9.6 today … maybe that is what is killing you??

  Could be similarly high on other instruments?

  

  GraHal

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  03/17/2020 at 8:54 PM #122395
  robertogozzi

  If there were indicators with good entry points, every trader would use them.

  You can find your own best with experience and tests.

  Keep in mind that any indicator, no matter how good it can be,  has pros and cons.

  Even price action has its cons, it’s lagging. You only know for sure what happenED after closure!

  

  robertogozzi

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  03/17/2020 at 10:02 PM #122401
  Dr Manhattan

  GraHal wrote:

  oakenstream wrote:

  but today Im geting killed out there.

  What instrument?

  Did you know the DJI spread has been 9.6 today … maybe that is what is killing you??

  Could be similarly high on other instruments?

  I saw that this morning, it sure wasn’t helping. DAX was high, OMX which I sometimes trade was high too. Yesterday I could  screw up a little and still be OK but today was no room for errors.

  

  Dr Manhattan

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  03/17/2020 at 10:14 PM #122404
  Dr Manhattan

  robertogozzi wrote:

  If there were indicators with good entry points, every trader would use them.

  You can find your own best with experience and tests.

  Keep in mind that any indicator, no matter how good it can be, has pros and cons.

  Even price action has its cons, it’s lagging. You only know for sure what happenED after closure!

  I dont know if finding a good indicator is the “greatest challenge”. At least for me its to use it. Let me know if you have a favourite I can play around with.

  

  Dr Manhattan

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  03/17/2020 at 10:22 PM #122409
  Vonasi

  There is one called ‘The Holy Grail’ which some people seem to think is the one we should all be using but I haven’t managed to find out how it works yet.

  

  Vonasi

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  03/17/2020 at 10:31 PM #122412
  Dr Manhattan

  Vonasi wrote:

  There is one called ‘The Holy Grail’ which some people seem to think is the one we should all be using but I haven’t managed to find out how it works yet.

  Yeah, that one! seem to work great. I trade some news, some setup that looks good and so on. I dont think anyone can predict the future but sometimes anyone is on par with the market and sometimes an indicator help to “read into price”. Just asking in the indicator  forum if anyone has any favourites, obviously different ones will do it for different people. Not looking for any the grail or holy book of budha or santa claus (might be in Finland).

  

  Dr Manhattan

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  03/17/2020 at 11:15 PM #122416
  GraHal

  oakenstream wrote:

  Yeah, that one! seem to work great.

  I just searched for Holy and Grail in the Library, but nothing comes up … where is this Holy Grail?? 🙂

  

  GraHal

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