AndyS,
I agree with you on the overbought and oversold. I also think it is the only way to trade now-a-days. You can do well range trading, but you cannot do that with baby stops ( such as 1-2 points in the ES). You need wide stops, wide targets and patience. The (paid) indicator that I use is very good, and very hard to duplicate since it gauges overbought and oversold of all the cash prices of the S&P stocks. Something you cannot do in ninja or replace with a RSI. I received you email request for the new indicator that I use, but it is best for you to find it in your own way and when are ready. Giving you an indicator will not help your trading, you must find it on your own. It does not have to be the one I use. Many oscillators could do similar job, but you have to give it time and stop changing methods every day.
My basic trading method is this, most traders lose, most traders chase. They get suckered fast price movement either up or down they tend to believe that they will continue; it does not. Best of luck to you in trading and thanks for your kind emails.
Traderkareem
kareem40 got a reaction from ⭐ AndyS in Question about a good indicator
