I understand that many traders make a conscious choice of NOT using technical indicators and I completely respect that. as a side note, for the few interested in technical indicators, here is what works for me.
step 1
it's simple, and what is left after thousands of trials & errors. short-term chart of WTI (2 MIN.)
bottom indicator window of Williams %R (period of 250)
tells me when market is in positive (+) or negative (-) territory.
step 2
is timing each move. here we focused on the buy side.
indicator window on center is MACD (12, 26, 9).
every time that the MACD line crosses ABOVE the signal line,
we have a buy. (and in this case we focus on 'buy' signals).
William %R must be stay above -20.
and every time the MACD recrosses back under the signal line,
that announces the end of that particular move.vice versa for sell william%R stays below -80 and macd crosses signal line with negative
it is not rocket science. we only have to follow the rules.
be constant. disciplined. and go in when it's time
and go out when it's time.
i think below screen shot explains you lot
buying screen shot
Selling screen shot
step 1
it's simple, and what is left after thousands of trials & errors. short-term chart of WTI (2 MIN.)
bottom indicator window of Williams %R (period of 250)
tells me when market is in positive (+) or negative (-) territory.
step 2
is timing each move. here we focused on the buy side.
indicator window on center is MACD (12, 26, 9).
every time that the MACD line crosses ABOVE the signal line,
we have a buy. (and in this case we focus on 'buy' signals).
William %R must be stay above -20.
and every time the MACD recrosses back under the signal line,
that announces the end of that particular move.vice versa for sell william%R stays below -80 and macd crosses signal line with negative
it is not rocket science. we only have to follow the rules.
be constant. disciplined. and go in when it's time
and go out when it's time.
i think below screen shot explains you lot
buying screen shot
Selling screen shot