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PRECISION STOP INTRADAY SCREENSHOTS
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Roger, I really like the screen shots of this indicator but I cant tell what time frame they are? I was wondering how it does on shorter time frames? Can you send me more charts? I am really interested in this indicator
Thanks, How are things in London? I have never been there but would like to visit sometime
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The time frames are shown on the chart windows in each shot.
In my previous answer I wrote an explanation of the perils of day trading.
Day traders do so for excitement rather than for profit and most of them ( around 97% of them ) lose.
There is a 10 year simulation video on the Precision Stop page which shows how to use it correctly turning £10,000 into £176,000,000.
I do not send screenshots showing how to use it incorrectly as I am more interested in helping people win instead of selling systems to help people lose.
If you take some time to test a 20 period moving average system on your 1 or 5 minute chart you will see that no settings are profitable for any period over 1 year. If you increase that to 100 period moving average it might lose less and if you change to a 30 minute chart or more you may see some profits when using a 30 period or greater moving average.
This is due to the deal costs being constant and the profit and loss being larger in longer time frames.
Take deal costs away and day trading would be great, but in all markets I know there is a bid ask price spread and broker commissions to pay.
