Using the previously described setup, I have been making numerus paper trades to try and analyze the results. I am definitely not ready for active trading yet. My probability of for a win [p(W)] was only 0.42. I calculated my Win/Loss ratio value which was negative @ -0.93. I do not mind keeping my p(W) that low, though…
Testing new triple-screen setup using pcf’s in TeleChart. The first filter, look for a positive long term trend using weekly data. The filter looks for a positive slope on the weekly MACD Histogram using: Â (XAVGC26 – XAVGC12) – (XAVGC26.4 – XAVGC12.4)Â > 0Â Â The first term represents today MACD bar and the second, the MACD…
Let me start with a disclaimer: Anything read here should be considered very “amateurish” as I am as green as can be when it comes to technical analysis. This blog is more a tool for me than for anyone else at this point. I am not trying to teach anything, I am brain dumping so…
I am an Electrical Engineer by formation, I currently work as a Unix Systems Administrator and the market and its charts are my hobby. I was heavily inspired by bloggers like Trader Mike and by authors like Dr. Alexander Elder. This is my market blog…
Everybody has to start somewhere right… I am very new to this game but I love technical analysis so far. I have very inspired by several books, including one of favorite “Trading for a Living” by Dr. Alexander Elder. I was also very inspired by current bloggers, mainly Trader Mike who has a wealth of…
