A method or indicator you have discarded!

Dragn · Apr 3, 2003

Quote from inandlong:

Wow, this tape-reading is beginning to pick up steam. These guys at the prop firms trading a bazillion shares a day, which is still less than a gazillion, tend to be tape readers.

Hmmmm.....

I've only seen a few that really makes a living. Most are out in a couple of months or in days.

Dragn

FRuiTY PeBBLe · Apr 3, 2003

Quote from Sarasota:

I discarded "short skirt" trades.

lol... (I think tampa did, too.)

FRuiTY

vinigar · Apr 3, 2003

I got rid of :Time and Sales. Stao's, Level II, MAs...just about everything, except for some volume , candles and Bollinger Bands.

Of course the Braille has been working pretty good

Ditch · Apr 4, 2003

I used to trade the NQ, nowadays i trade ES, I've come to adapt to it the chop of the Es, giving me more opportunities than the NQ.

indahook · Apr 4, 2003

"I used to be big into Insider Trading, but I've been forced to discard that completely for...legal reasons.

Now, when two Moving Averages cross, I put a pack of cigarettes on the weight bench and hope Jimmy the One-Eyed MarketMaker doesn't give me too much slippage.

Wait, that didn't come out right..."

One of the funniest paragraphs I have read yet on this thread!

I used to use MA`s exclusively, but I would get these buy and sell signals with no follow through to be found..that led me to confirm the MA`s with MACD, phase histogram,SK-SD and one prop indicator that if I told you about I would have to kill you
90% of my trades are done using 5minute candles for entry/exit. The other 10% are swing trades using the daily chart.
C.

TriPack · Apr 4, 2003

I got rid of CNBC, most oscillators, ma crosses, and reverse against the trend mentality.

Jayford · Apr 4, 2003

Quote from Pabst:

Me too nitro. There are days I don't even open up my charts. But I want to read the tape in as many key componants of ES and NQ as I can.

Wow. That's impressive. Futures are so technically based (as compared to stocks) that I could never dump my charts. I'm helpless without them. I do use time and sales to get a picture of the size and frenzy of trading at given levels, but my charts are my bread and butter. I use 1, 5, 15, and 60 time frames, all ES.

Interesting.

Jay

Jayford · Apr 4, 2003

Quote from Dragn:

I've only seen a few that really makes a living. Most are out in a couple of months or in days.

Dragn

Most Bright traders when I was there traded by tape reading. Many were long time vets and quite consistent. Not all of them traded in a hyper fashion though.

Jay

murray t turtle · Apr 22, 2003

Quote from TriPack:

I got rid of CNBC, most oscillators, ma crosses, and reverse against the trend mentality.

[1]Have discarded most of CNBC-about 51% or more. To be honest I like and agree still with much what Art Cashin [Cashin In]says.

[2]Do double check them and myself on the charts & time & sales.

[3]It's been along time since I've heard 30 minutes of CNBC=30 minutes of Bloomberg T.V.

spreadem · Apr 22, 2003

I finally turned the lights on ... no more candlesticks.
I turned the volume completely off.
I became a minute man ( 1 min bar chart )

Trading got better, but my sex life sure went to hell !