TradeConsultant... Your tools...

[Isamu]

Hi TC,

Okay, I know you keep getting bugged about your indicators and how you trade or see the trades set up. Now I don't want to beat a dead horse, but do you really just use the indicators you say you do only? (I don't need you to get into what patterns you see, just your indicators)

You mentioned that you only use the charts (great! that's what I try to do) and you also said you used Fibs, EMA's and the MACD. Any other tools that I missed?

Do you also look at the support and resistance? and one other, what time frames do you look at? Do you go from a 2hour chart to a 30min for entry and exit?

Your answers would be greatly apreciated as I would really like to "shadow" profitable traders (mind you, I still need to wrap my head around the trading in the now part but I think that will come) and for sure come up with my own style.

Again, as I've said before, your recomendations are truly apreciated and greatly help the beginners and your comments and lack of info in your trading strategy really help as well, it drives us to look for ourselves and develop as traders.

Thanks again, and I've noticed you still don't have a chat room up. I'll get one set up for you over the week-end and contact you with all the info, my little way of thanking you!

~Isamu

[Isamu]

Thanks for your response,

Everyone understands that there will be good days and bad ones and that everyone will have some loosing trades. It's all about gaining more on your winners and than you are loosing on your loosers. Which by the way you are doing very well.

Ever used Everest Charting, it runs about $200 a month, I haven't tried Realtick, but might give that a try.

Again, thanks for your reply and your calls!

Keep up the great work!

~Isamu

[daanacker]

Hi TC

Well what a good day again, after yesterday.

Thanks for the info on the tools you use. Just another question, to what extent do you use support, resistance and pivot levels in your trading and how do you calculate it (do you use the same formula as provided by xtsunami in the Beginners section in response to my question). I ask this because when looking at forex experts' analyses you don't get any one support and resistance level thats the same. I think this is a bit confusing to newcomers in forex.

Keep the good recommendations coming.

Thanks
Danie

[jpygbp]

Hi TC,

I know what you mean by some of those expensive charts packages. I was using AspenGraphics. It was about $500/month once you paid bridge and aspen. I have now switched to the eSignal and have only incured about $160/month. The feed also works with my TradeStation 2000i software.

One of the main differences that I noticed from an expensive feed over say infotecnet is that bridge will show more bars instead of a gap up or down.

the 9 &18ema sounds like some the ETR methods except that they use the dmi for trend confirmation in adition to the slow sto.

bye,

[fourstar]

TC,

Your eyes must have a gift. Mine see nothing at 6:45 with the tools you mentionned to predict the 8:30 spike from the announcement of the bad non-farm payroll employment.

There must be more to this cat than meets the eye...

[CraigBMM]

Hi TC .. we spoke by email earlier .. good to talk to you .. on the MACD .. what are you using ? 12 , 26 , 9 ?


Craig Billings