Search results

Here is a chart of KCI. A quick look at the chart at around 10am you would notice that this might not be the best buy. It fails to make a new high and then proceeds to take out the daily low. No good.

Let me suggest how you might be able to get rid of some of your losers and manage your trades better with just some simple ta. Here is a chart of CR. I am guessing you took the trade at 10am, like always. You instantly had a good trade going but it didn't last long. The chart shows you how I...

Thanks Jimmy! Hey, are you the same JimmyJam as the guy on dacharts.com ???

Another fun chart....

Let me try to explain myself better.... I never ever said that bollinger bands were the holy grail. There is no indicator that is. I only wanted to show how they could be used as a GUIDE to reading the price action. That is why I wouldn't trust any backtest on it or any indicator for that...

I have heard a lot of people say that bb's become useless as it "rides the line" in a trend. Thats a good thing! It's telling you the strength. It's a "signal" to hold in that direction. No reason to go against the trend. Don't just look at bb's as a way of finding overbought/oversold...

I also like pivot points and think they are a perfect addition to bollinger bands. I just wanted to suggest a simple way of trading or gaining a better understanding of what price is doing. I have looked at the ADX/DMI a lot and hate it. I find the ADX to be pointless. Simply looking at...

By the way, I apologize for my sloppy charts. This is the first time I have done this and I am not an expert in microsoft paint by any means.

Now here is the same chart with descriptions. The idea is simple. If price breaks the outer bands, it should be considered strong in that direction. What happens next? Does it continue in that direction? Does it come back in and break the middle line? Does it find support/resistance at the...

I would like to discuss the use of bollinger bands as a great way of helping one read price action. There is no need for any other indicator to base trading decisions. The bands tell you everything...trend, range, volatility, support/resistance, chop, etc. The chart attached shows a 5 min...

I might get flamed for saying this but here it goes..... The days of scalping by reading the book are gone, imo. You absolutely can not trust anything you see there anymore. Don't try to read the tape in hybrid. Try trading from the chart. Look at technical setups. I don't mean using...

Hybrid market finally got to you, huh?

So true. God, I miss college :(

Hey Shrad, I have been day trading for over a year and half now. I was just like you and started at a firm that scalps the nyse via "tape reading" the specialist. I was doing pretty well up until about 2 months, just when the hybrid really started rolling in. The hybrid market is extremely...

World of Warcraft! ....joke

Oh man. Thats just wrong....although I did laugh.

Why are you not considering joining a firm? If you only have $6k then joining a firm might be a good idea. You could basically trade with the firm's capital and learn on their money.

Anyone see "In Good Company" with Dennis Quad and Topher Grace??? This thread reminded me of that movie. Go rent it.

I can't believe no one has suggested joining a trading firm! Trading from home can be extremely boring and make you feel like a bum. Every once in a while I will trade from home but I would never want to do it full time. Being around other traders will be good for you. Hopefully you will find...

Wow. You really are a poet. I don't know about the original poster but you sure have inspired me. Thanks.