ADP employment change was positive. Initial Claims and Continuing Claims raised up slightly.
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Rating Tool when combined with T&B
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Another Example
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Short Example
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The Rating tool is a great tool to know, where the strength is when the stock market rallies and weakness is when the stock market plummets.
Keeping you on the right side of the market's sectors, indirectly increasing your win rate and minimizing risk and guess work. ;)
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UDAY_C_Santhakumar
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Doesn't Matter if the "trading instrument" explodes. It has to retest the High Volume zone.
vaicru
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Do you think ther is an inverted H&S there ?
UDAY_C_Santhakumar
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I dont use chart patterns to trade. Its Subjective to interpretation. I like 0 guess work, because all my loser are / were i tend to be subjective. Its hard for me to peel away from the basics. That's the hard truth
A-shot
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Basically, you are a believe of systematic trading - because if you like indicators, you assume the best strategy may be programmed and run by a computer on its own?
PS - do you know if it is possible to do a backtracking test for an indicator on TV? Could not find it
UDAY_C_Santhakumar
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Yes I do.
Do you mean backtest?
A-shot
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Sorry yes, wrong word by autocorrect :)
UDAY_C_Santhakumar
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Backtesting an indicator for accuracy - Cannot be done with the current options
Backtesting a strategy - Can not be done to a good extent. - TV is working on improvements.
A-shot
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But where would you do it? Im interested in finding how can i backtest a set of indicators for specific events (when both indicators are in a specific place). Thought you can help.
UDAY_C_Santhakumar
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I do it in TOS. Tradestation could be an option. Chris Moody uses an expensive program. You get what you pay for kind of deal.
A-shot
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I agree - for systematic traders getting confidence in the system is basically the key