Trading without indicators
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I know there are a few good traders in this forum and they use different methods of extracting money out of the market and I don’t want anyone thinking my method is any better than there’s. Its just ‘another’ method, that’s all! Everyone has there own preferred method or system. This is just what works for me and if you can make it work for you then my jobs done. I have no systems for sale, all information is free of charge, i wouldn’t dream of selling any trading system/method to anyone I don’t need to. I actually get benefit if I can help someone just knowing that they are doing well in life and trading.
I do feel strange talking about manual trading in a code forum so thanks for not blocking me out!
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Thank you Nicolas
What I intend doing at some point is using a video screen recorder like camtasia studio or similar to record a video session of the trading, then I can upload it to let people see on the screen where and when I’m going on and off my trades. I don’t have the program but I have used it in the past for recording. If I can get the program I’ll do that.
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A very high % of my trades do not happen at the beginning or end of the 3 minute bar its a really good chance its in between, I don’t watch the bar counting down (too busy watching the move). I’m currently trying to get video capture software sorted on my computer (shouldn’t be long). I start work between 3am and 4am and i’m usually finished roughly 10am. Its a customer based business I purchased about 8 months ago witch currently has 600 customers in my area. We were seriously hit by this covid 19 thing and had to close the business for 7 weeks because our customer base are mostly over 70. I work 7 days a week and trading is second to the business at this time. I have 38 kids out delivering to the customers and my job is feeding them the orders and keeping track of changes all day long so trading has to be in between doing this. I’m 49 now and hope not to be doing this business for 10 years or more so I have to make enough from trading to retire early enough to enjoy a bit of life. I don’t have a lot of savings to fall back on so I stay very careful with amount risked on my trades. £1 a point is fine with me for now, when I reach £10 a point I should make good enough money each day to save a decent enough amount and I’ll pay someone else to look after the business and let that tick over in the background to cover any losses I might have in the markets while still making money at my leisure on a beach somewhere lol
Well, nothing wrong with dreaming
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I sell roughly £4000 worth a week so they are in high demand
hence the early starts!
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Shrug.
Thanks for your input.
Seems me and you use the same strategy and have the same mindset.
Price action is the main indicator. MA20, MA50, MACD and RSI are the only indicators I use.Take profit before the market turns against you. “Rather lose out on amove than lose” . There will be days when the market moves a lot and profits double or more.
I only trade Indices because one can gauge the market movement by comparing the price movement from other Indices.
ie: If FANG move then NASDAQ will go same direction. If US500and RUSSEL2000 moves then DJI will move same direction. If EU Stox move then FTSE and DAX will move the same.I listen to Bloomberg and CNBC the whole time. Valuable information feeds. Stay away from the market if the FED has some announcement and wait for the market to take direction after.
With the US elections coming up there is no market direction indication so short time frame trading/scalping is what more people do now. Most traders interviewed on Bloomberg/CNBC says the same thing. Buy the dip – take profits – wait for the next move – small profits in the bag – while keeping eye on longer moves. The US market in general will settle after US elections.
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