About Day Trading: Indicator Settings Are Not Important
 | from Adam Milton
This week's day trading newsletter offers some advice for avoiding a trap that new traders often fall into, the indicator settings trap. This advice could mean the difference between a short trading career spent searching for the perfect indicator settings, or a lifelong trading career making profitable trades. The newsletter includes: - my advice about indicator settings, - the description, calculation, and an example of the bollinger bands indicator, - and the weekly economic calendar with volatility expectations. Good trading everyone :-)
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In the Spotlight |
Indicator Settings Are Not Important
Every time a trader mentions a trading system, the first question that is asked is what the indicator settings are. Typical questions include what input data the moving averages are based upon (e.g. average price, closing price, etc.), what length the stochastics are using (i.e. how many bars), or any number of similar questions. These questions are asked because most traders believe that the indicator settings are necessary for trading the system correctly, however, they are actually one of the least important pieces of information ... find out what is important
| | Bollinger Bands
Bollinger bands are a technical analysis indicator that was developed by John Bollinger in the 1980s. Bollinger bands create a standard deviation channel around a moving average of recent prices. Bollinger Bands are displayed as a single moving average line, with two evenly spaced standard deviation lines (one on each side of the moving average line)... find out more about bollinger bands
| Economic Calendar With Volatility
This week's economic calendar includes several news releases from all three regions (the US, Europe, and Asia). The US has most of the high volatility news releases, while Europe only has three high volatility new releases, and Asia only has four high volatility news releases. Regardless of the distribution of the new releases, markets from all three regions (US, Europe, and Asia) will probably continue experiencing high volatility and significant price movement due to the current market conditions ... view the full economic calendar
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