Search results

I dont trade until at least 5 minutes after the open (0935 east coast) to let the volatility calm down. If there is major news at 10 am I wait until that news comes out. I am normally done by 1400. Although I have missed a few trades after 1400 I would have liked to have been in.

Since trading income provided for a nice living I started looking at work differently. I have gone back to my old profession part time (flying) and I trade more or less the rest of the time. The little day to day work issues that once bothered me no longer stress me out. In fact many of lifes...

Thats not a government problem.

I started trading with a similar strategy. It worked well for me. The only thing I can suggest is stay with the option strategy but consider vertical spreads. The only issue that I have encountered with spreads is the need to roll into a new spread if you get a runner. Its a nice problem to have.

I would be very interested in a program that can interpret whether an upcoming news event will be tradable, not tradable or a non event. Or one that can decide based on market comditions to use market orders to enter or limit orders. I have yet to see one and I have seen a lot of them.

One of the problems of automated back testing or automated trading for example is that it usually does not take into account non technical market conditions. For example during the run did it trade during a FOMC decision that caused losses due to market volatility. Most manual traders would...

I am a S/R guy and my technique has me in before HF guys trigger. They actially help with the increased movement when they join the trade.

I agree. If you can not compete with HF computers don't. Use a tecnique that does not chase the market and dependa on order speed and fills. Instead try a reversal strategy.

Yes it is. I compete with them everyday and make a living at in the process.

Ya it looks like R2D2 from star wars. It is stabilized so the wave action and biat movement wont be a problem. I was not scalping at the time so the momentary internet problems were not a big deal. I dont think it would work for scalping.

I was down in the florida keys. Conected to the internet through satellite uplink. Hit or miss at best.

I tried trading on my boat. It went ok if you manage the distractions. No fishing just trading. Internet access was also a bit of a problem.

Trends have two parts. The larger timeframe and the smaller working timeframe. I define an uptrend as two or more higher swing levels that are consistent with the higher time frame. A downtrend is the opposite. A range bound market on the larger timeframe represents scalping/short trend trading...

I sit patiently and wait for the next trade. No distractions except for some background music. No financial channels on the tv.

Trading for a living by Dr. Alexander Elders.

I trade breakouts the same way including stop placement. I will sometimes drop down to a lower timeframe to find the optimum point to enter the failed breakout. That reduces my risk considerably.

I think you got it right. Its about the market structure or in this case change in market structure invalidating the trade. Question, how do you identify the areas where you place your stop?

If you make me choose I also go with #3. That reduce risk to a minimum for any given trade without stopping you out of good ones if the market is choppy.

As traders we very our techniques according to market conditions. Even if you have only one technique and choose to stand aside when market conditions are wrong for that technique. I have yet to see an automated system that can read the existing market structure and alter its entry/exit...

Good question. I don't trade stocks. I trade futures and spot forex. I use the previous support or resistance level and place the stop a few ticks outside of that. As price moves and forms a new S/R level I adjust the stop to not more than breakeven. Most of the time I exit on technicals so I...