Day-Trading 2.0 for small traders

[toucan]

Here is the lower timeframe chart and the actual entries and exits. The look should be very similar to the longer timeframe chart. 4 trades today, all long, with 3 profitable and 1 breakeven. Currently, I use one contract and if I continue to be successful through the end of the year, will add more contracts next year. The entries look a little sloppy on this chart because its a lower timeframe.

Cheers

toucan

 

[greddy]

Quote from toucan:

Here is the lower timeframe chart and the actual entries and exits. The look should be very similar to the longer timeframe chart. 4 trades today, all long, with 3 profitable and 1 breakeven. Currently, I use one contract and if I continue to be successful through the end of the year, will add more contracts next year. The entries look a little sloppy on this chart because its a lower timeframe.

Cheers

toucan

Nice clean charts.

I have read various threads, and this method actually
makes the most sense imho.

Instead of looking for reversals, trading with the flow
is less stress and better consistency.

It takes tremendous skill to identify early on what kind of
trading day is developing.

I wish I can trade like Anek and his students, but I have
to admit, it is too difficult for my skill level.

 

[tugofwargame]

As far as I am concern, jjarvat’s method of day-trading is far superior to others but unfortunately he doesn’t have enough time to hold day-traders hands like in case of Anek, which is quite understandable…do you have some charts to post and
what ever happened to Anek, is he still alive?

 

[greddy]

Quote from tugofwargame:

As far as I am concern, jjarvat’s method of day-trading is far superior to others but unfortunately he doesn’t have enough time to hold day-traders hands like in case of Anek, which is quite understandable…do you have some charts to post and
what ever happened to Anek, is he still alive?

I don't have charts to post at this time. I am going to
concentrate on just trading with the trend and
buying pullbacks/shorting retracement.
I read too many books and have gotten confused.
Going to keep it simple.

As jjrvat says, macro direction is extremely important.
Fancy patterns that goes against the trend tend to
fail, or not go very far. It is more stressful as well.

I use market internals, such as tick, trin, advance/decline line
to gauge the market sentiment. You can just look at price action
as well. It is up to the trader to use whatever works.

Believe it or not, greg capra did a very good webinar on
market internals. It is in the cme website.

 

[toucan]

My contribution to this thread.


My trades for the day. NQ was the only future that I could trade today due to the others with wide bars and frequent pullbacks. And, I could only trade it for a while before NQ started in with the wide bars and frequent pullbacks, as well as me not believing the up PM up move.

cheers

toucan

 

[toucan]

Here are the setups that go along with the above trades.


toucan

 

[tugofwargame]

Quote from toucan:

Here are the setups that go along with the above trades.


toucan

Thanks for the very impressive chart

 

[TheRumpledOne]

Applying statistics to the reversals shows when to take the trade.

 

[veggen]

I hope this great thread is not dying out here!! I finally cot up with the last post, but it seems a bit to late..

 

[veggen]

It was supposed to say "caught" up, not "cot"!

Anyways.. Instead of just lurking around on this thred, I might as well contribute a little and help keep this alive! Here are some of my trades today, based on Jjrvat PA stystem.

veggen