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Partner 728x90
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NinjaTrader
Indicator that predicts the future
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Indicator that predicts the future
I would like an indicator to tell me what the next 10 bars will be with, oh, 90-95% accuracy would be fine. Then I can make a few million and be done with this silly trading game. :-)Tags: None
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Originally posted by whitmark View PostI might take a crack at that if the bars are only 1 tick bars. Yeah, but don't you think if someone developed such an indicator, it might cost a few million? Keep up the good fight, cassb, slow and steady wins the trading race
Sorry, we're getting outside the scope of this forum. I just thought I'd throw a little humor into things -- some days, you just have to laugh.
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No doubt, many others feel the same frustrations. Fwiw, some of the best and most consistently profitable traders I've had the pleasure to meet prefer leading price action to lagging indicators, discretion to automation, and simplicity to complexity, but above all they stress the need for discipline. I can't think of a better trading platform to develop these skills than NinjaTrader.
Regards,
Whitmark
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Originally posted by cassb View Posttrying this trading gig for about 18 months now (and losing all of my 70K in risk capital),
The Winners and Losers of the Zero-Sum Game:. The Origins of Trading Profits
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Thanks for the encouragement, guys! You're right, I am becoming more and more convinced that indicators are not the end-all answer to what I need as a trader (albeit in SIM mode for now ). And thanks for the article link, thrunner -- I will take a look at that today. Actually, I just ordered a book from Amazon.com:
I think that will help me quite a bit. The problem here is not the market or the indicators, it's me.
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Read "Trading in the Zone"
We just recently had Mark Douglas, the author of "Trading in the Zone" come into our trading room and give us a webinar on trading. It was very good and the book will help you understand yourself and trading a lot better.
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Since we're talking about books, I'd take a look at Curtis Faith's Way of the Turtle: http://www.amazon.com/Way-Turtle-Met.../dp/007148664X if you haven't already. The way you quoted 'edge' makes me think you aren't quite sure what it is. It is a very concrete thing.
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