Day-Trading 2.0 for small traders

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Quote from jjrvat:

Tip: Use H lines that are consistent with your targets and stops and observe them in relation with candles, you can develop an incredible timing edge if you use them properly.

jjrvat
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Do you talk about general support and resistance lines in this case?

In regards to price action are there areas with special characteristics that you what for reversals (with or against the trend), like maybe earlier congestion areas or breakout points?
 
Quote from maninjapan:

Ok, so if you have got this far in th ethread then you should understand how to read the direction, there isnt too much room to move on that one, what I would like to ask everyone out there though, is what are you using to pull the trigger? What works for you and what doesnt? Are you a stochastics cross trader? or maybe a believer in the good ol' fashioned MA cross. Put it up for all to see! (unless its a secret of course)
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To pull the trigger I use Common Sense or a Candle Close above or below my 12 WMA, and H-line for reference points, like on this today e/j example

PS. I sent you a PM...could you please help me? I don't know how to change color on my WMA's based on direction. How do you do that?

Thanks

Alessandro
 

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Quote from timokrates:

Do you talk about general support and resistance lines in this case?

In regards to price action are there areas with special characteristics that you what for reversals (with or against the trend), like maybe earlier congestion areas or breakout points?
More...

Hi timikrates, just an example but there are many ways to look at H-lines. You can use 10 pips or ticks H-lines or 5 pips H-lines

There are many examples in this chart I have not pointed out, just find more examples

Hope it helps

Alessandro
 

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Looks like good old price and support. Nothing else needed.



Quote from italianfx:

Hi timikrates, just an example but there are many ways to look at H-lines. You can use 10 pips or ticks H-lines or 5 pips H-lines

There are many examples in this chart I have not pointed out, just find more examples

Hope it helps

Alessandro
More...
 
Quote from suedeuno:

Looks like good old price and support. Nothing else needed.
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YES

KISS


“You ask: If I judge the market by its own action as indicated on the tape, what shall I do with this vast array statistical manuals, compilations, services and data that I have been subscribing to for years? My suggestion is that you pile it all up on table, push the table up to the window, and, making sure that no one is below, tilt one end of the table.” - Richard D. Wyckoff
 
Quote from italianfx:

Hi timikrates, just an example but there are many ways to look at H-lines. You can use 10 pips or ticks H-lines or 5 pips H-lines

There are many examples in this chart I have not pointed out, just find more examples

Hope it helps

Alessandro
More...

Thanks for clarification.
 
Quote from maninjapan:

Ok, so if you have got this far in th ethread then you should understand how to read the direction, there isnt too much room to move on that one, what I would like to ask everyone out there though, is what are you using to pull the trigger? What works for you and what doesnt? Are you a stochastics cross trader? or maybe a believer in the good ol' fashioned MA cross. Put it up for all to see! (unless its a secret of course)
More...

In this system, all I do is what jjrvat taught:

1) identify the bias ( long or short )

2) identify the waves ( higher or lower )

3) when price crosses and closes the fast ma line, enter the trade ( pull the trigger) if the wave is with you.

4) collect profit ( exit the trade ).
 
Quote from maninjapan:

Ok, so if you have got this far in th ethread then you should understand how to read the direction, there isnt too much room to move on that one, what I would like to ask everyone out there though, is what are you using to pull the trigger? What works for you and what doesnt? Are you a stochastics cross trader? or maybe a believer in the good ol' fashioned MA cross. Put it up for all to see! (unless its a secret of course)
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Hi,
I use JJvrat system and pull the trigger with stoch cross and a candle cross of the fast ma (HMA25 in my case) like this:
1) Identify the trend (direction of the 240 WMA)
2) Make sure the waves align with the trend (LH LL etc.)
3) wait for a stoch cross and a cross and close of the fast ma in the direction of the trend
4) enter 2 cents below (or above, depends if you're long or short) last bar.
5) stop above (or below etc.) last high (or low etc.)
6) you can enter a fast ma cross without a stoch cross as long as the stoch is in the direction of your trend.
7) you can also enter a stoch cross alone as long as price is still below the HMA 25 (for shorts and above the ma for longs).

in the exmple attached 5 winners in CELG yesterday 10-15 cents each between 10:50 and 12:50.
 

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