Good luck and welcome to the Forum. For someone not familiar with your charts would you describe where you entered and where you exited and stop loss, target, exits, and maybe what prompted the trade.
I use Trading Journal Spreadsheet. I have been for years and I just custiomized it to my liking although it was already pretty well done to begin with.
http://trading-journal-spreadsheet.com/
I like FinViz too. I check it out periodically but never tried vector vest. I'll have to check it out. I mostly use CNBC and Bloomberg as my financial fundamental research to get ideas on potential trades. Then sometimes I'll come up with a scan utilizing that idea and my TA setups and have made...
For now I have been using stockcharts.com. I have a subscription and I have tailored different scans and chart settings over the past 6 years. Now I can scan pretty easily depending on what I am looking for.
A discussion of what you see and why would be GREAT. I think many people on ET including myself would definitely short this one. No way would I go long on JPM here.
Ok. I would agree with the uptrend in your picks but why not wait for a lower risk entry? All of them seem to be breaking out or have just broken out or have a trend in place. But they also look over bought in the short term. Why not wait for reversion to the mean? I don't trade options and...
Care to explain WHY you are taking that trade. Looking at it from my point of view I would take the opposite trade and be either neutral (no trade) or biased to short at 107.66. But I don't trade options so maybe I just don't understand why you would buy call options here.
Again Bullshit... Now you claim to be trading at work and your monthly statements get sent to compliance dept.... That implies you have been trading live for several months and in your 1st post you said you have been virtual trading. This wreaks of bullshit. If you really did plan to do such...
I know I will be banned from this site for saying but I like MACD. But I have my own set of rules for using it. I also use trend lines and MA and candlesticks but I can usually tell if a chart looks juicy in 5 sec or less using MACD. Then I delve deeper into it and narrow my choices from an...
I am much like you deaddog. Except I swing and position trade. Similar rules too. I tend to swing trade when I detect chop and position trade in trends. I also must admit I am a fan of indicators. But I have tweaked them to my liking and they have been pretty consistent.
I will be the first to declare this,....
If you are truly smart enough to have a $60K a year financial job and save $9k then you have saved 15% of your income AFTER taxes to trade. Then you say you took out a loan for $11K at 26% interest that means at a $20K trading capital you would need to...
This attitude and thought proves to me that you will forever fail at trading. There is no one way to make money in the market. What is a holy grail system for you is different than what is a holy grail system for everyone else. You need to study and come up with one on your own. The problem is...
Look at this 60 min chart of the $SPX. Notice that the MACD crosses several times ABOVE the zero line and defines an UPTREND that is merely slowing and speeding up. Also notice that when the MACD goes below the zero line the price touches the bottom of the UP trend and would have been a good...
Think of the MACD crosses as a letting off of the accelerator or brake on your car. You can still be going 60 mph yet let off the accelerator and slow gradually to 45 mph before picking up the pace. The crosses in and of themselves mean momentum is slowing or increasing (let off of...
I think the question is flawed. Why would you ever go short on a RISING trend line. By definition if you have a RISING trend line and a shorter MA above a longer MA that is an UP trend. You would assume that is a reversion to the mean and go LONG.
IMHO,...it appears to me that you are only drawing horizontal S/R lines and not diagonal ones. Much more benefit comes from combining the diagonal with the horizontal ones
Here is an example using your chart. Also, it appears you are looking for reversals. Unless I am misunderstanding...