GoingLite - A Writeup of his Style

Posted By: Goinglite
Date: Tuesday, 26 April 2005, at 10:34 p.m.

In Response To: Re: Question for Goinglite

My friend Ninja has done an excellent job with some of his charts on this site and www.dacharts.com.

Ninja has some very nice and detailed notes on most his charts, showing what we look for in setups.

My style of trading might be difficult for a lot of traders.

I don't trade breakouts.

I don't trade with the trend. (If I can help it :) )

I don't trade price action confirmation.

I don't enter on the take out of the previous bar.

I don't care about trends, trendlines.

I don't even like moving averages.

I only look at One Chart.

Most of my setups are based on certain divergence patterns in the indicators.

Most of my entries are taken off "The Touch" of certain points within the bands/defensive zones. Or "The Touch" of retest levels based on certain "signal" candles.

I and Ninja have posted a Lot of charts in www.dacharts.com. If you go through all the charts that we posted there, you will get a wealth of information.

The very best system in the World is the one that you "personalize" through hard work. This hard work may require relentless persistance. But that's just a part of trading, no big deal.

Ninja and I post concepts, not settings. You will have to do the work.

I do respect all forms of trading. As long as it's profitable to the hard working trader that uses it :)

Good Luck and take care.

Goinglite

Last updated 05/03/2005