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I am not a day-trader so I'm not able to guarantee this method intra-day but see what you think. It is aimed at exploiting trends to the maximum potential. It sacrifices unrealised early profit in favour of potential excess later gains while not entailing any additional capital risk. Firstly...

That's all I have traded for years.

The "deck" is set up for the benefit of the biggest users. So it is stacked FOR them, not against us. The system is not out to screw the small players - but it does because we are so small are are invisible and have no voice (money). I'm not splitting hairs - if you get into the mind-set that...

Investors always raise him as the premier trader when they're talking with traders. Buffet doesn't trade..

Nobody brings a child into the world to help the planet and through history nobody ever did. The planet and the world's population are too big to be affected by what any one person does in terms of personal resource consumption, either positive or negative. It is fatuous and self-absorbed to...

In this example, correct interpretation of volume pointed towards a trade opportunity, and I'm not going to criticise that. But just a point to bear in mind that the tool used in market manipulation is volume. So though it worked well here, it will sometimes be dramatically wrong. What's hard...

Not caring about money sounds odd at first. All money is money and all money is useful surely? So, again surely, we should care about our money? But coming at this from the opposite direction, its possible to see negative implications from caring too much about money. One is the perceived need...

The higher daily high is the new high. And its a potential swing high if it follows a price rise. Its still a potential swing high whether that day's low is above, below or same as previous day's.

Essential post from tommcginnis. Have a plan. After that, its like anything else that demands skills, decision-making and practical application - practice, practic, practice.

I don't ever plot S/R lines on my charts - they're just too unreliable. Many traders do get good guidance from them but I would recommend if you are drawing them, use a very thick crayon, not a very fine pencil.

Currently using trailing stops at 5-day ATR while swing trading stocks. I am adjusting this with each successive day's range of course so that the ATR5 is effectively rolling. Performing well so far but the main advantage might be that profitable positions close in profit, it prevents me setting...

The most stringent backtesting which resticts itself to taking candlestick entry and candlestick exit signals is bound to show the methodology to be a loser. That's because candlesticks should be used as a tool in a holistic approach, as should MAs as should stochastics, as should S/R levels, as...

Hi Ron - I won't get into a war on this but my consideration was that I was UNDER-reacting. Yes, I have read some academic studies, and I can't say they did not help me in my trading: its impossible to prove either way. On the other hand, only an academic would dream up the Efficient...

Academic studies on trading are worse than useless. Dismiss whatever they say, regardless of whether positive or negative. Gather knowledge from traders on the tools of the job, then learn to trade by trading. Would you even bother to read an academic study on how to play football well?

I would say again that candlesticks are a tool, and good for some jobs but not all, and you will need other tools. But even a good tool is useless if you don't learn to use it or use it for the wrong job. As for suggesting that candlesticks don't work and therefore you should restrict...

Not so, though they both collect the same OHLC data. Candlesticks present the data in a more readily visual form, emphasising certain market action that would be easily missed using OHLC bars. Candlesticks inherently demonstrate the size, location and price direction in the real body, plus its...

Candlesticks give much more information about behaviour of the market than a line on the closes, but they are just a tool and there is no magic tool in the TA box that will do everything perfectly. I mean, a screw driver is pretty good at tightening screws, but very bad for writing. You have to...

Hi InTheZone. Interesting question, suggesting we are thinking of different things by 'swing points'. I tend to the strict definition - a swing high is formed when the low of a day with higher high and higher low than previous days in an uptrend is breached by a day with a lower high and...

Well its hats off to you c verm, because I have been spectacularly UNsuccessful at day trading. If its working for you, I wouldn't be the one to advise stopping doing it. We're all looking for ways to win the game, but there's only one way to lose it - and thats to get knocked out of it...

Hi c_verm. Commiserations over job. You do need something looking forward alright. But hang on, if you've been swing trading, assuming you've been successful (as you've still been doing it 5 years on) why day trade? Its not the same thing, its very stressful and its more risky. Why not...