Search results

I use the 20-bar EMA. Using a 20-bar EMA is like training wheels; it helps you see the trend in your time frame. Keep in mind that so many traders use it for guidance to entries and exits that it becomes a self-fulfilling prophecy. A 1-min chart can be very noisy and misleading if you don't...

Maybe...my palms were sweating on that first trade. I took $122 and left about $800 on the table. Second trade was a little easier. All I could see in my mind's eye was one of those massive Bars of Doom that sometimes appears out of nowhere with CL. It's an ADD trader's dream, but I'm not...

That bar at 9:48am went straight up on buying volume above the previous bar's high. That is a continuation signal, not a reversal. If you look at the next bar you see a doji with a high lower than the high of bar 9:48. As soon as that bar completes, you could short with a stop above the high...

Neke has an edge with his discretionary trades: All he has to do is put off whatever discretionary trade he wants to do by one day. 1/14/10: Loss of over $100K buying near month BIDU puts the day before expiration. Had he waited until the next day and bought the Feb puts, price gaps down the...

I recently had an instance trading the stock X during regular trading hours where my stop (basic stop, no contingent orders or brackets in place) was not triggered. X rarely has more than 2-3 tick spread and in this case I was short and price at the best BID moved more than 5 ticks above my...

Come on, trading is trading! Day trading is swing trading in a short time frame. The way you swing trade off a daily/weekly chart is the same as the way you "swing" intraday off a 1-, 3-, 5- or 15-minute chart. You swing trade smaller positions because you run the risk of a gap against you...

POT, AAPL and AMZN are great for capturing quick .10-.20 cent moves. I usually target at least a .40 cent move though because I use a .10-.20 cent stop.

I agree with you fundamentally and I in fact want to score a home run with X puts, but I also want to be sure it's ripe for the picking because the market can remain irrational longer than I can remain solvent.

"Going up for a few days" is a sign of strength. Trend followers are looking to join the trend or add to their winning positions. Your bias should be long UNLESS something in the price action tells you the trend is going to take a breather, or possibly reverse. Let the opening 5 minutes give you...

That's the best lesson you can learn so young, risk management. If you never allow yourself to be tempted to use your leverage and large account as an "edge", you will do well.

Bwolinsky, you bring up an interesting point. Entries on the open are very difficult unless you have a specific price action plan based on the previous days' action. So many trading books warn that amateurs play the open and the pros are waiting to take their money, and if you're smart you wait...

Remove everything except a 20-bar moving average. Have a 3-day 5-min chart up as well for reference (if you have no idea what you're referencing, just watch for a few weeks, you'll get it). Wait for 20-30 minutes to pass after the open. Is the moving average rising? Take a long position...

That's another phrase to describe a short squeeze, right?

I do a lot of sim trading and have always opened my sim account on a separate PC. Even with that precaution, I have to be careful, because I often am testing a strategy with the same stock/future I trade live. The act of watching charts and DOM all day can mesmerize you into a loss of focus...

X is the most overvalued and fundamentally desolate company in its industry. As a result it has a nearly 20% short interest, a "days to cover" ratio of 17.3, and a shortsqueeze.com ranking of 267. You don't want to waste your swing trade capital getting short too early, IMHO.

Here is a simple guide to use. You will have fewer stop-outs and more profitable moves: Place a 20-bar moving average on a 3-min or 5-min chart. Have a 3-day 5-min chart up as well for reference so you can compare today's price action to recent support & resistance levels. After the market...

+$561 After months in sim, finally traded CL. Two trades, one took 30 seconds, the other took an entire minute. Calling it a week before I jinx myself on exp Friday!

Which comes first, insanity or trading CL? :D :D

Only a few confirmed short signals on CLF today, lower high around 10:45, failed so you'd be stopped out b/e or so; lower highs around 11:50 and 12:30, and double top around 3:04. You were definitely fighting a trend. Our automated system that we're testing in a sim account had no problem...