megabucks Veteran   Posts: 292 Joined: 9/30/2010 Location: uk  User Profile | this past week been very busy with work cos its christmas. if many didnt know i work as a courier(parcel delivery) so as santa cant be bothered at the moment i have to step in and help out lol any way ive attched a picture of the trades ive made on paper. however good they look i feel a little uncomfortable with my chart template. i feel im missing some key points to consider but cant put my finger on it. i would love to do a group thing where we input ideas and devise a set of rules and a chart template etc as an example so any future postings can be read by new traders and can been used as an example on what a trade plan looks like and what steps are need to consider making a trade on a symbol. also you will bee my chart with the indicators ,,,if anyone has any suggestions on changing or adding anything to improve the chart analysis id love to hear. would it help if i started a new thread with one blank chart and a strategy so we can as a group input from the start to develop this said example to others? also with my current system im thinking maybe of traffic light signals in ez setup 3 as in short medium and long term signals similar to higher time frame confirmation so if im looking for over sold sto then maybe 7,3,3, is short term and 20,3,3, is meduim term and 50,3,3, is long term. so we get green box for short term over bought below 20 then when medium also shows green we know price is medium oversold and when we get 3 greens we have a drag race. when in the drag race obv short term will go red when above 80 a few time as well as the medium term,. but what we would look for first is the long term right hand square to be red then the middle medium square then the left square,,,so all reds is out of trade.like a count back of squares but of course all this after initial consideration of the factors need to consider a trade that ive posted before. problem is im not one for ez setup and the calcs. i will give it a try but can any others help? would a brand new thread make things clearer to start from scratch???? [Edited by megabucks on 12/1/2012 11:19 AM]  Attached file : chart.jpg (459KB - 551 downloads) Attached file : portfolio update.jpg (473KB - 540 downloads) |
