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    Day trading article on anti-gambling website

    http://www.gamblingfactsandfictions.com/id27.htm Pasted for the lazy: ...continued in next post cuz the whole article was too long for on post...
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    Day-Trading 2.0 for small traders

    I'm in the process of re-reading this thread and summarizing all trading rules into bullet points. I'll post it (with pics and questions) later when I finish. This is a long thread!!
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    Day-Trading 2.0 for small traders

    Why? I've been plotting lots of MAs over each other to see if one gives a trigger signal a bit before the others. I've been doing 2, 4, 6, 10, 12, and 21 (all arbitrary numbers I just randomly picked) WMA, EMA, LSMA, and now that I have SierraCharts, HMA and Zero-Lag MA. I can never find...
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    Day-Trading 2.0 for small traders

    I was using 300 volume bars instead of minute charts. A lot of posts in this thread have mentioned volume and tick charts instead of time-based charts, so I'm playing around with them.
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    Day-Trading 2.0 for small traders

    I hope my questions aren't annoying :) My next question is posted on this chart example: Chart setup: 300 constant volume chart 240WMA 144WMA (the other one, but ignore this one) 6WMA also a 6 "Zero Lag MA". It pretty much matches the 6WMA but I was just plotting them both for...
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    Day-Trading 2.0 for small traders

    I got Sierra Chart and am running it with OEC as the backend and I'm still unable to have even a little success with this system. The colored MAs are cool tho :cool: Strangely, the newest version of SC doesn't work with a live OEC account due to some changes OEC made. Works on the demo...
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    Day-Trading 2.0 for small traders

    jjrvat, what timezone are you in? I can't get my chart to look like yours.
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    Day-Trading 2.0 for small traders

    Also, does that problem w OEC's WMAs only apply to WMAs or to all MAs? And if so, what's a good (preferrably free) charting progam i can use w OEC's feed?
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    Day-Trading 2.0 for small traders

    Red? OEC doesnt let you change the color of MAs based on slope. I assume you mean sloping downward. Anyway, perhaps that problem is the reason my experience w this system yesterday was a catastrophic failure. I also blame it on me not having an HMA :) No. Actually is there a good...
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    Day-Trading 2.0 for small traders

    Here's a real example of what I'm talking about:
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    Day-Trading 2.0 for small traders

    Last question for a while i swear: When you guys are identifying HH, HL, LL, and LH, are you referring to the PRICE making HHs and HLs or are you referring to the HMA making the HHs and HLs? I've seen both on the examples posted here, and sometimes the HL for example refers to the reading...
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    Day-Trading 2.0 for small traders

    Here's an example of it actually happening: (btw ignore my other MAs... I'm using OEC and it doesn't have HMA :( :( :( and I can't find a suitable replacement. Right now I'm using the blue one which is LSMA(10))
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    Day-Trading 2.0 for small traders

    Ok I have a question. Say price is under the WMA240 so you're going to be going short. Are you only supposed to be shorting when WMA240 is sloping DOWN, or can you still short if WMA240 is sloping up but the price happens to still be below it? Here I'll draw a pic: (and I present the...
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    Deciding when to take profits (I let most of my winners turn into losers)

    I'll have to look into that. Oh, that's different than .0065% :) I will look into "trailing stops sucking" more. I'd be worried about being like one tick away from my profit and then the price going back down and hitting my stop. I came up with a similar system that was one trade per...
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    Deciding when to take profits (I let most of my winners turn into losers)

    Whoa :eek: Anyway, like Big AAPL said, I've been away from my computer for most of the day. I do appreciate the help a lot! But of course I have questions based on the backtest that you posted. 1. What software are you using? 2. So you held the position until either a) the end...
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    Deciding when to take profits (I let most of my winners turn into losers)

    What am I doing wrong? I'm gonna feel like a huge idiot if I'm overlooking something obvious here. Oh wait, that list you posted is for IVR (Phone). Are these symbols available over the web? Omg there was a huge rally today. I would've been up $800 on one contract of NQ had I...
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    Deciding when to take profits (I let most of my winners turn into losers)

    Oh speaking of tick charts, I can get them on OEC's platform but then I lose my ability to scroll to the left and see historic data. So for example right now I'm looking at tick charts with 300 ticks per candle (arbitrary number I just picked) and my chart is starting around 7:57am and I can't...
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    Deciding when to take profits (I let most of my winners turn into losers)

    That looks awesome. But how do I get it? I found it on yahoo finance under C:TICK, but there's no chart (plus yahoo is delayed anyway so it doesn't help). I have a Scottrade account and tried to open $TICK and C:TICK, but it couldn't find either one (so consequently they didn't load in...
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    Deciding when to take profits (I let most of my winners turn into losers)

    Is that what you meant by inversion point?
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    Deciding when to take profits (I let most of my winners turn into losers)

    What is an inversion point? Maybe i know it by another name. i will look into that thread. What do you mean by "normalize volatility?" I will look into tick charts. I think OEC's demo has them. How do i go abut determining what tick size to use? PS. sorry for any typos. i'm posting...
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