Search results

sometimes if the move stalls i will trail a stop behind and if it gets taken out then so be it. what i mean by that is that if price hits that stop, usually it will not just reverse and continue. it means that if another wave is coming, then i will see the setup again. also, if price moves...

1. Quotetracker $7 2. IQFeed $23 $30.

do a search on the 'l/s strategy' or something of that kind. basically its a well documented strategy that performs quite well. it's assumption is that the public opens the day and the professionals close it...if the price at 1pm or later is above yesterday's high, then go long. if price is...

you are correct, i use MACD as well. it is there to better clarify the picture of the price action. my settings are 5,13,6. some things i forgot to mention: i use a 5/13/20 sma on all my charts. the 20 sma is typically only used when the 13 sma is close by, and it gives good signals for...

nice! i thought i had a good day. ;)

i said it once and i'll say it again...someone should compile a list of clips that just cover the times when the market went nuts. it would be a great highlight reel to listen to.

[/b] used to miss the initial wave, but i adjusted my strategy to catch entire move now. i enter at or near 5 sma on 1 min and 5 min. 5 min is signal, when 5 sma crosses 13 sma. 1 min is entry when 5 sma crosses 13 sma. when 13 sma is close to 20 sma, i use 20 sma instead. [/b] use a...

was short SPY 101.54...covered at 100.82. jesus, i told my gf to turn on the TV cause i thought something happened. cnbc didn't talk about it for another half hour. wtf? so funny how this is just a 'minor' thing that happened. i would be really pissed if i was on the other side of that...

exactly.

if that is true, then that is very sad. i personally sought after direction -- this is part of how i start to learn anything that i want to master. you may not find the perfect teacher, and the 'teaching' may be very informal, but this is vital. people who give for nothing in return are very...

a great point. i have had people who i will consider my 'mentors' who simply kept me on the right track. ultimately, you, have to be the one who figures it out. the light bulb has to switch on in YOUR head. but i will have to say i agree with brandon; in that those people who kept me on the...

http://www.themasteryoftrading.com/Articles/Stopping.html

oops, i think you missed the point. we were talking about the entire board, not chit chat exclusively. ;)

imho, if you actually go through and weed out the off topic messages throughout this site, you would have a pretty awesome board. for some reason, the people who run this site choose not to. its the difference between good and great.

why do people think they have to spend $$$ to develop and trade a strategy? people, some of the most successful traders i know use nothing but very simple methodologies. just spend some time (this is the part where 'commitment' comes in) watching the market with simple sets of indicators and...

it should be interesting in the coming months to hear how the service is. 1/2 penny per share sounds nice.

the fool thinks he knows what the market will do; the wise knows that he does not know and cannot predict. listen, here is the point. a system without a stoploss is basically like walking a tightrope without a net. you can pull it off 99% of the time and still end up dead.

your reasoning leads me to believe that you look at the market as something to fear. try re-examining your thoughts towards this, as this could be a dangerous problem with your trading. stops are meant to be placed so that your trade accounts for this lower timeframe 'noise'. if you are...

thank you jai.

yes. they call them ex-traders.