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     hirameck
Member
Username: hirameck
Post Number: 1
Registered: 06-2006Rating: N/A
Votes: 0
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| | Tuesday, June 06, 2006 - 04:17 am: |  
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Hi!
In the The Encyclopedia of Technical Market Indicators, Second Edition. - R W Colby, the 5 ema daily and cci 2 daily produces the best results.
Will it also produce such fantastic results for the Dow Jones Futures?
How the results differ for futures?
Can anybody recommend an indicator for short-term futures trading.
THANKS
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buy_stop
Member
Username: buy_stop
Post Number: 292
Registered: 05-2004Rating: N/A
Votes: 0
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| | Friday, July 07, 2006 - 04:46 am: |
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Hi Hirameck,
Can you elaborate further how the above indicators are used and what the exit rules are?
.
WARNING: PRICES SUBJECT TO CHANGE WITHOUT NOTICE.
THE MARKET IS ALWAYS LOOKING FOR A REASON TO MOVE. CHARGE WITH THE BULLS AND HUNT WITH THE BEARS.
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davkell
Member
Username: davkell
Post Number: 444
Registered: 07-2004
Rating: N/A
Votes: 0
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| | Saturday, July 08, 2006 - 12:22 am: |
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Personally, I think if you need a recommendation for an indicator for short term futures trading, then perhaps you are not ready for short term futures trading!
"Trade Your Way To Financial Freedom" - Van K Tharp
"Manage the downside; the upside will take care of itself" - Donald Trump
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chart_rider
Member
Username: chart_rider
Post Number: 178
Registered: 01-2005Rating: 
Votes: 1
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| | Saturday, July 08, 2006 - 08:35 am: |
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Hirameck
It’s not the tires that made Dick Johnson a fantastic driver; it was his skill, experience, state of mind and dedication.
Indicators only form a base set of tools for trading. Success in trading requires an understanding of not only these tools, but also an understanding and proficiency in risk analysis, money management, your own self, and your own view of the market.
If just starting out, you will not likely have much understanding of your own view of the market, and the initial view is likely to be purely returns related.
There are a number of good books (and other topics/posts on this forum) that talk about the three main subsets of trading – indicators and chart patterns, risk and money management, and psychology. A knowledge gained from extensive learning of other people’s ideas will form a basis to then develop your own ideas and trading philosophy.
Throughout this learning, money must be very much a secondary consideration, except that you will need to have enough money available to pay for the learning and to pay for your mistakes. To survive the learning will require a passion for both the learning process and the trading process itself.
The eventual target of winning money will arrive only after this learning process, of which a large percentage of starters do not survive.
To answer your question in a more direct fashion, the best indicator for short term futures trading is the one which best suits your style.
In the mean time, it will be necessary for you to discover your style.
CR
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elisabeth
Member
Username: elisabeth
Post Number: 353
Registered: 09-2002Rating: N/A
Votes: 0
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| | Saturday, July 08, 2006 - 09:35 am: |
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CR, one of the best posts that I've read on the forum. I particularly like the para on money. 5 stars from me.
Elisabeth
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