Search results

I think the magic tick is: When a trendline is broken or support or resistance is broken you can enter right away...........or if you want extra confirmation you can wait for the breakout bar to be taken out by 1 tick.......the "magic tick". This is a tip from the great Suri Dudella. A lot...

Tradestar, Thanks for your replies. Now I know a couple more things to look for in the future. Gotta train my eyes to see this stuff.

I've been driving myself nuts all day trying to figure out how I would have caught some of the trades on your chart. Thanks for posting that. Question: What setup gets you in the very first red circle on your chart? The market wasn't open very long, so how do you know the trend is...

The times I posted are Eastern Time. I'm in the Pacific Zone. I really don't use much of anything right now. Just practicing. I always draw in trendlines and look at support resistance, breaking of new highs and lows, various other setups from Linda Bradford Raschke's book, CCI. I just want...

Here's another one: What would have been a reason to enter the downtrend that started at 6:55? My eyes just aren't seeing this stuff.

When you say "overall lower high" do you mean compared to ealier in the day? When you say "Trendline break of a high swing". Is a Trendline Break that comes immediately following a swing high usually a good trade to take?

How would I have caught the drop that started at 12:11pm? I see a trendline break at the 2231 level, but that alone doesn't seem like reason enough to take the trade. Were there any other things I should have noticed that would have got me in that huge downmove? It seems like the NAZ...

If I'm studying futures charts do I want to look at trading hours only? (for example on a 5-day 15-minute chart) Some of the charts I've looked at have this option, some do not.

Odds are there is a "fool" out there somewhere with only $3,000 that can outtrade you every day of the week. How much does he have to make before he is no longer a "fool".

I did notice that intra-day the stocks I have looked at don't look so bad. The daily charts on some of the NASDAQ stocks seem like a mess though. I was looking at some NYSE stocks today with some nice patterns that seem to be trending quite well without all the crazy jumps and gaps. So it...

Oh Man !!! I'd hate to be on the opposite side of that dude when he's in the market. He must be the supreme trader of our times !!! I'm closing my account today now that I see what I'm up against. Thanks.

Whoa !!! I started watching that video and just became mesmerized. That's some powerful music there. All hail Mr. Robot !!! So you are saying the robots aka computerized trading systems have made the moves more erratic????? They've been around for years and years, so what changed?

I just got back into looking at stocks after a long time away, and just yesterday I was noticing that all of the charts seem to gap and jump all over the damn place !!! What is the cause of this? What changed in the last few years?

I heard it was extremely slow. Don't know if that's true or not.

I need a stock & futures broker, or possibly just a futures broker to place trades at work. We are not allowed to download software, so I am having trouble figuring out which broker to use. I've looked at ThinkorSwim, but their "paper money" demo is extremely slow. I looked at...

Any recommendations for a web-based broker? We are not allowed to download software at work, so I have to use a web-based broker. I was looking at tradestation. Tried the ThinkorSwim demo, but that site is way too slow and would drive me insane. I'm looking for good streaming charts and...

What do you look for if there is a steady uptrend, and then a reaction takes out a swing low? Do you still look to buy the next strong up bar, or do you wait and see if congestion or a downtrend is beginning? It seems like breaking a swing low is a weak move, but technically you would...

Any suggestions for a web-based broker, so I can place trades while at work? I don't think downloading trading software would go across too well. I requested a packet from Ira Epstein. Are there any other companies that would be good for trading from the cube at work.

I got some good lurning today. Tried to trade a symmetrical triangle. I would draw my trendlines and see a breakout and take it and it would go nowhere. Then I would redraw my trendlines and it would break out the opposite direction and go nowhere. Then I would redraw the trendlines...

Yes. Double Bottom Confirmed. Middle Swing has been surpassed. A few bars later you get a strong down bar. Maybe it's a judgement call at this point?