This is my annotated chart.
The MA ribbon is my innovation, call it a security blanket.
I can see where the rocket and volume will keep me out of lateral trend that is going nowhere.
I changed the stochastics lines to 50. It works much better for me, thanks for the suggestion!
If I...
Thank you for telling why I didn't make any money today after making 9 points yesterday. Lateral trends just kill me, and I have yet to find a system that these sideways days just don't chew up.
The chart I have attached is using your settings for the Macd and Stochastics. The trendline on...
Diggs, this pattern you say is so easy, did you see it in real time, or EOD?
You see, in real time, the pattern is not there. It is a very common kind of illusion on charts.
In an effort to delve further into the price volume relationship I would like to submit the following postulate:
If the price, volume relationship is critical to the viability of the trend, it follows that this price volume relationship would extend to all time frames. What is the best way...
Okay, prof, let me see if I get this concept.
As I recall, DU on the 5 min is at > 5000 trades per bar.
At this point we switch to the 1 min chart and start the slolom process using the 14,1,3 stoc.
When the stoc starts to spend alot of time in the tape and momentum and acceleration...
Magna, please kill my posts in the journal. I have sent 2 request, but my post are still there.
Jack, could you please explain how best to deal with lateral trends? Perhaps I am missing the sloloming concept at this point.
Thanks,
Oddi
I want to add more leverage to my positions, but I want to be precise about it.
How is margin for ES calculated at IB?
Can someone post the formula?
Thanks:)
Started Oct 7th, 1999 with a Suretrade account.
Traded stocks, no, traded RMBS and MSTR and QCOM, got rich, went broke, learned TA, traded QQQ, learned options, traded IBM, discovered ES, rest is history.
Platform is Tradestation/IB.
Definitely, but something always gets lost in the translation. I do try to tell anyone that asks. Most simply don't believe me.
Most of the time it's simple experience that's at work when you're winning. You've been in enough situations to know when they're going bad and when to cut and run...
I would agree with an inner change that happens.
I have spent more on my education in the markets than I thought.
One day, for fun, I looked at all the trading books and software I have acquired to learn our trade, and it was something like 16,000 dollars. Then there was the man hours...
Well, they already knew what my aspirations were. When I began to to do well, and enjoying my profits, the questions came, and naively, I answered them in a straightforward manner.
I saw no reason to lie:confused:
Why??
If a friend told me that they won the lottery. I would be happy for them, I truly would.
I have a friend that makes 90K a year. I proposed a trip to the bahamas when I caught up with them in earning power.
I don't understand envy:(