Replies to post #49975 on ETF SWING & DAY TRADING

[gloe]

I may not post much anymore but I always read this board.

You might also make sure that the DO on the 5 min is in the direction of the trade (above zero for a long, below for a short).

[farooq]

" I always thought that NERS gave too many false signals that were hard for me to deal with"

I think NERS signal is the reflection of how market participant thinking, some time they take a position but because of some news or some other input they change the mind and indicators reflect that.

5 min or 1 minute chart keep losses low but it increase chances of whipsaw. That is part of the system which is reduced by 3/8 addition which effectively change trade to 15, 40 minute sentiment.
On 30 minute you are trading 1 1/2 and 4 hours sentiments.

Actually this is best time to trade NERS related program, because they put you on right trade again after minimum loss. Most traders suffer loss and do not take next trade and the they are not happy with system. It works if signal was long and soon it became short one must take short.

I now a days trade 1-3 times Just to reduce trading stress. When I am sitting on desk and trading I take all signal that what I learned from Nacona, Gloe and other conrtibuters on this board.
I am thankful to all of them, Yes I still read every post on this board and try other additions for different results.

These are the trade off with shorter time frame, 30 minutes has less but there are many days when 30 minutes have a drop of 120 to 140 ticks and if one is trading daily he can loose his shirt and many did.

Thanks to LC and you for keeping board active and interesting.

Force Index addition can solidify signal you need to change normal value to shorter period.

Trade Happy.

Farooq