Search results

While trading I only watch the 3 minute chart. But leading up to a trade I am watching the 3,5 and 15 minute charts. To me the 1 minute is too noisy. Anybody else have anything to add to Dominic?

I don't really use pivot points because I have found that the way I trade when momentum take it through my entry it will also blow right through the pivots also. Some people are using them actually a lot of people use them. But I don't. I do use a 20 and 60 day exponential moving averages...

I was just wanting a forum where I could share ideas and strategies with other traders. I don't care if people trade reversals or S/R breakouts or whatever. I would like this to turn into a learning thread. You have already taught (or starting teaching) me something that I never would have...

That looks pretty close to what I would say also. I have not really gone over the different charts yet though. On that chart here are a couple of suggestions. 1. The line you have at 1258, there is a big needle bottom about 14:00 that I would want to clear by at least .25 point before...

The end of the trading session closed right at what my target would have been if I would have tried that trade one more time. Maybe that was an omen for me. I will say it is getting hard to determine a good support level since we keep setting new lower lows. Rigth now I would probably use...

Just try to be patient with me here. I am trying. I guess I never really thought anybody would even care to hear about it. But I am just as curious about other trading styles as well. I think people that are used to trading reversals like TI does would have the most trouble changing to...

Good, I am glad that helps. If you want to figure out where you think the S/R levels are good for trading go ahead and do it. Then upload your chart and we can talk about it. There really isn't a right or wrong answer. You could nail it and I am wrong but we both learn. That is what it is all...

I guess that is kind of hard to explain. We are looking at different times I just post the chart which sems to be the most clear for me. Things we look might be helpful for me to explain. 1. Highs and Lows the previous day. 2. Area of congestion ( makes great entries if we break out of...

I could be wrong about this afternoon. Maybe we will get that pullback.

We actually figure out our entries together. Once the trade is on though we leave each other alone and let the trade play out the way we decide to. Sorry you find it complicated it seems very easy to me. But then I have traded like this in several other markets for years so I guess it would seem...

I just got stopped out with a 1 point loss on the second trade. I knew I should have been happy with my gain early. I won't trade anymore today. Still have gains for the day.

I think I see what you mean. It did drop through 1263.75 right before the open. I wasn't here to take it. I took the 9:00 and target was hit at 9:15. I also took the one at 1:39 which I am still in right now. I may settle for less points on it if I need to. I have a tight stop set on it at 1...

Hey Guys, Be very careful going long today as I am feeling some more down in the market this afternoon. If anybody really wants to go long just wait until we set a new high for the dayand if that is the case wait until the long call I made just to be sure. I don't want to see anybody get caught...

Yes it did. But then it pulled up and when it started coming back down it becomes takeable. I can/have taken the same entry successfully several times in a day. Look back at Friday between my brother and I we took the same trade 3 different times. All worked. This isn't a cigar where once you...

I like to clear those needles by about .5 before entering. Been burned entering right at the tip and even 1/4 point above or below. So now I go 1/2 point for my entry. And one of the candles was slightly lower than the other I believe. I am not looking at it now but I think it was. The more room...

Jimmy, If we break 1257.75 that will be a new low for the year. That would basically put us in no mans land. Could really tank below that level. GL, 4re I gotta run for a couple of hours. You guys please leave some money in the market for me when I get back:D

Hey Sandy, If you will look at the chart I uploaded this morning. It is a 15 minute chart and there was 2 significant needle bottoms I wanted to clear. One at about 11:00 (Hammer) the next one at 2:15. Once the price dropped under that it seemed to be pretty safe for 2 points anyway. Like I...

Good morning All, It looks like both calls were taken out already. Here are the new calls. The problem with them is two fold. If we go to a point where we get in early. We are not going to get much wiggle room. I would say 1.5 points and get out. Otherwise we can go farther out and maybe not...

I could not have said it better. That is why on this thread I try real hard to tell everyone what and how I am doing things but I don't and won't try to change the way they are trading. The truth is that there are a lot of ways to trade and make money. If you are successful in how you are doing...

I will probably keep doing what I am doing right now because I am familiar with it. But I will start looking into the Tick. Thanks, 4re