Study used to decide Stop Loss placement

Hi all

So, we all want to be able to place the SL at the right distance from where we enter the trade. I have with some success used ATRx2. But the ATR measures in both directions so to speak, so in a heavily upward trending market like we had yesterday March 1st, the ATR reflects the length of both the bars going up and down. And if I'm Long, the length of the bars going up don't worry me, it's the pullbacks down that I need to have a study that shows me the historic length of.

So, does an ATR exist, that is split into up and down going bars? What would that study be called?

I'm on ETX, and halfway found a solution, using the "Change" study, and then only looking at the Change bars in the opposite direction of my trade. But... Change only deals with Open and Close, not High and Low, so it will underestimate an environment with long tails.

I hope I explained well, if not let me know. And any suggestions are welcome.

Study used to decide Stop Loss placement

Dow breached the 21000 mark for the first time

Dow breached the 21000 mark for the first time yesterday, S&P and Nasdaq hit record intraday highs post Trump speech. Overall, the US markets are up more than 10% post elections driven mainly by anticipation of "phenomenal" tax reforms, fiscal boost and financial deregulation.
But is this rally sustainable? Consider this:
1) The S&P500 Shiller PE (Cyclically adjusted PE ratio - CAPE) is currently at 29.52, about 77% higher than the historical mean of 16.7. This level has been exceeded only a few times before - including the housing bubble of 2008, dot com mania of the 1999 and Great Depression of 1929, indicating that the current market is grossly overvalued
2) This puts immense pressure on the earnings to match up these high valuations. Agreed, earnings are expected to receive a boost from lower taxes from Trump tax reforms, but policy specifics remain elusive and execution could face congressional headwinds. Further, labor costs are expected to rise, given that the economy is at full employment. High labor costs combined with a rising dollar could eat into the tax aided rise in corporate earnings.
3) Again, the markets are banking on a rise in corporate earnings from tax cuts. Such govt. aided profits do not reflect innovation and efficiency and do not aid value creation in the long run.
Will it be a bumpy ride ahead?

Dow breached the 21000 mark for the first time

What should i Study

hello

As the title suggests i am looking at pursing a career in the financial markets as a trader. I have been learning the art of trading for a few years and really enjoy it.

I currently have 4/5 uni offers for the chance to study economics. but am looking at taking a gap year to pursue my hobby for a year.

however i have been thinking lately on whether economics is my best choice to make. the reason for this is because in my first year at sixthform i had work experience on a trading floor in London which gave me the opportunity to develop my skills with real traders. they all used some sort of software to help them plan some of their trades.

and so my question is this should i think about doing my degree in computer science which wouldn't be new too me as i am studying BTEC IT

What should i Study

What to do before opening a trading account (UK)

Hi all,
Apologies if these questions have been posted before.
Google doesn't seem to bring up much of what I'm looking for, and Iv had a few condescending replies on other forums (MSE etc)
I have been doing a lot of research and I think with a bit more, I will be ready to begin trading, specifically AIM companies and micro/nanos in the US

I have the money to dispose of (although that is obviously not my intention!), I understand the risks and I am a sensible, controlled person.

My first question is: Is there anything I need to consider (legally) before I begin trading? I know I need to declare profits to the tax man, but do I need to tell anyone else or declare anything to anyone before I open my account and get going?
Someone mentioned filing for a mergers and acquisitions? I don't know if they were being sarcastic? I know this is what companies do but does a trader need to do this or anything else along these lines?

My second question is: Which online broker do you recommend for a beginner/ someone with not a huge start up account? I have been looking at Hargreaves Landsown, they seem reasonably priced for fees and I can live with the £12.50 per trade. I have been following Aim stocks on there for some time with my research but they don't do many US stocks other than the large markets.

Any info appreciated
Thanks

What to do before opening a trading account (UK)

screening stocks

Hi all,

Just trying to get slightly educated before diving in. Going to have a go at trading, don't have a lot start-up cash so trying to avoid subscription screening services. Any recommends?

Cheers,
JB

screening stocks

Assistance with MT4

Hi guys. I was hoping that someone here who can help me.

I am trying to overlay to indicators on mt4 and just not winning. Can this be done?

I am able to do it on pro real time

Assistance with MT4

Using Leverage for getting above average returns

https://www.youtube.com/watch?v=lJFF-Y4YaVg
This is a nice video I found on YouTube explaining the use of leverage to build wealth quickly. Leverage can be used to give above average returns even by investing in assets giving average returns. Your Views?

Using Leverage for getting above average returns