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    Help with Mixing Timeframe

    Specterx: I'm not sure I understand your contentions completely. So, I'll explain my position and perhaps you can correct me if my understanding of TA is wrong. TA is quite interesting to me though EMT tells you chart patterns shouldn't work. But chart patterns DO work in some sense...
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    Help with Mixing Timeframe

    ssrrkk: That's a good question. The "quant" stuff I did was for extremely long term investment models. It's not quite applicable to swing or daytrading. There are many different "types" of quants. Not all quants work on HFT though I did sit next to the high freq traders when I am at the NY...
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    Help with Mixing Timeframe

    Actually, I didn't take that loss. I held on overnight due to my daily charts. And it came all the way back. I got out at a small profit rather than take the intraday hit! Whew! But irony would have it I decided to trade CL yesterday morning after a harrowing recovery. Didn't read the news...
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    Help with Mixing Timeframe

    Good investigative work. It's all true. I was a quant(mostly multi-factor equities modeling for institutional money managers). I used S-Plus, R, Barra, MSCI, Vision(esoteric OO db), etc. Standard institutional tools(except for Vision where I used at only one shop). They trade on a much longer...
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    Help with Mixing Timeframe

    FUDGE!!! I just did it again. My next trade after I posted this WIPED out my ENTIRE intraday scalping profits and SOME. All because I didn't cut my losses on an intraday basis because I was looking at the daily chart. Stupid mixing time frames again! HELP?!!!
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    Help with Mixing Timeframe

    I scalped a bit intraday. Ka-ching. It's not too bad. I just hope my scalping doesn't get wiped out by one big bad trade. Still waiting for the daily signal. Meantime scalping afterhours. hehe.
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    Help with Mixing Timeframe

    tiddlywinks: You got some great points here. I haven't used fib retracements. Are they accurate? I should check it out. I do have "rules" for entries and exits based on PURELY visual patterns that I have seen in the past. They do kinda work. But definitely need further refinements. You...
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    Help with Mixing Timeframe

    tiddlywinks: True. It's not like my swing trading is perfect. I'm trying to refine it by better entries and exits using intraday charts. If I use daily charts it seems like I give up a lot. But then with intraday charts I might get out too soon or screw around with time wasting small losses...
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    Help with Mixing Timeframe

    Yes, easier said than done. I like to scalp around my long term positions. I make peanuts on my daytrades compared to the longer term swing trades. But I keep daytrading in hopes of better entries and exits, which sometimes work that way but for the most part it's a waste of time and net loser...
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    Help with Mixing Timeframe

    swingtrader, great suggestion. I had a ZN short on from way up there. Then late last night(Sunday) on a weekend, I looked at the intraday overnight charts. Closed my winning short ZN. Then went long. Only to take some intraday losses. Got out of my long even though from my daily chart I know...
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    Help with Mixing Timeframe

    Thank you guys! These are some of the most useful and helpful advice! There are good people on ET. I really need to do something about this. Last night, I was screwing around with my core ZN position. I had a short one way up there on the daily chart. I was trying to be "too smart" thinking I...
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    Help with Mixing Timeframe

    This is an EXCELLENT suggestions. I will consider that when doing entries and exits intraday and still hold for the big swing moves. If I can master that then it will be more precise trading. :)
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    Help with Mixing Timeframe

    Thanks for the suggestions. And it makes sense. But I want to IMPROVE my swing trading via some better daytrading entries & exits. Sure, I can still capture some of the moves. But I think it's suboptimal as described above. And I'm getting confused between the two timeframes.
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    Help with Mixing Timeframe

    Hey Guys, So, here's the problem. I SUCK at daytrading. Period. I tried it for several years and I quit.(I went back to a normal corporate job and do a little bit of swing trading on the side for fun.). However, I'm pretty decent with swing trading at times. I find it less time consuming and...
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    How Lucrative Are Wall Street Jobs?

    Universities Pile on Faculty Perks as Student Costs Grow http://www.bloomberg.com/news/2013-03-12/universities-pile-on-faculty-perks-as-student-costs-grow.html "The University of Chicago paid James Madara $2.5 million in severance when he stepped down in 2009 as medical dean and hospital...
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    Who else is hoping that Cyprus totally destroys every market today?? :D

    Apple's quarterly profit is equal to the GDP of Cyprus http://stks.co/t5gK hehe
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    30 Under 30

    http://www.forbes.com/special-report/2011/30-under30-12/30-under-30-12_finance.html
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    American IT companies can not find workers

    http://www.geekwire.com/2011/tech-hiring-boom-leads-lucrative-offers-computer-science-grads "King 5 takes a look at the tech hiring boom in Seattle, focusing on Google’s growth plans and talking to University of Washington computer science students who are entertaining offers of more than...
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    American IT companies can not find workers

    Law is not that great either. Tons of law students come out with six figures DEBT and no jobs. End up waiting tables. Law only makes sense if you have a technical background(engineering, physics, chemistry, biology) to do IP law. There's less need for regular lawyers who is also being...
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    American IT companies can not find workers

    Actually, startups are paying developers/sw engineers right out of undergrad about $80-$90K. Those with masters in compsci/EE gets around $100k-$120K right out of school. I'm not kidding. Check recent articles from NYTimes and elsewhere. With lots of perks and benefits. BUT, the catch is...
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