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Anybody using a variation of the floor trader method ? What I like to use is following : Lets take a 10EMA , 20 EMA , RSI (20) Buy setup: 10EMA above 20 EMA , RSI (20) above 50% = Trend up Then look for a pullback of price to the 20EMA, the above conditions are still met. This is a...

Where is the respect for other people left ? ET becoming a place for people who like to insult others. imho. Please, try to argue, but be polite ! That is a general statement. Cheers Sundog

I think, when the nasdaq goes further down, csco goes down with it, even though csco is a good company. imho. :confused:

New England States or Seattle, WA.

Do you consider buying short puts, you´ll earn premium and if it hits the strike, you´ll get the stock at the price you considered cheap. Brgds Sundog

Dear Costaverageman, When you average into a position, you must be quite confident, that it will snap back ? Is this backed by your fundamental research with Vector Vest ? Cheers Sundog

Relationships between correlated insturments is at least for me the key to profitability. Most importantly, start simple, just overlay 2 charts of 2 correlated instruments. Try to find relationships, think of divergence, convergence. Sundog

I use Metastock, too. I like it, but it is really resource consuming, thus you need a fast computer, if you use it in realtime with several charts open. EOD is not a problem. If you like to backtest a lot, go for Tradestation, otherwise is Metastock a good deal. Sundog

Thank you Nkhoi. Well, I have not been for a while to the book reviews at ET. Sundog:)

Anyone own this book ? Trading and Exchanges: Market Microstructure for Practitioners by Larry Harris Link: http://www.amazon.com/Trading-Exchanges-Market-Microstructure-Practitioners/dp/0195144708 I´d like to gather some comments about it. Any info appreciated. Cheers...

gg12 good call, I would expect a correction at your next resistance 13040, too. At this point there is also a chance that the ym enters a trading range around 12950 and 13040. As it is, just speculation. If I would have entered at 13000, a trailing stop is a good idea as you said. Concerning...

As a engineer you have the right basis to start. Look up the books section on this site. Search the forums: => Journals, Technical Analysis, Strategy Trading in particular. Spent a lot of time reading. Use www.bigcharts.com for free to study charts. Sundog:)

Nice chart analysis. Appreciated. Sundog

Thanx gg12, I would wait for a further correction, at least 12910/20(accorrding your chart, mini dow.).This goes conform with the daily chart. If this level holds, I would consider going long, but how knows what the market is doing. I prefer going long on a correction and I like to use the...

Agree, NDX is overextended. NDX needs a correction, at least for a few days. Cheers Sundog

What about taking those BO´s, like TAP, only in the direction of the market , e.g. SP500. Thus, trading a divergence towards the direction of the market is a good way to filter out some wrong BO´s, especially if you buy the highs. Or use a Stop Limit Buy Order above the consolidation, thus...

Hi Ivica, how do you screen for you trade possibilities ? Do you just go over the charts of a bunch of stocks or do you use a screening tool ? Regards, Sundog

I think there is plentiful of valuable info in your journal. Keep on posting. Thank you for the effort and time you put into the journal Sundog

I would wait for a bounce from the lowest low and wait for the pullback, which should be shallow, more like a consolidation. The stock went into a short term range. I would trade this BO to the upside. Still risky. Think about it, the short term range(shallow pullback or even horizontal) is...

Thank you for the link.