Day-Trading 2.0 for small traders
- Thread starter jjrvat
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Quote from TheRumpledOne:
Using the waves and support/resistance.
Um looks like you plotted a CCI on your chart. Shading in the distance between price and a moving average.
CCI is awesome... we all know how successful Woodies' traders are...
btw massive failure when price is chopping around your MA. How do you filter this out?
Tom:
I am NOT selling anything here. Others post charts and are NOT accused of selling anything. This is a trading forum. Posting charts is normal. If someone posts a chart and I see something that I like, I'll ask about it. If the poster is selling it, then what happens next is between them and I. NOBODY ELSE'S BUSINESS. Either I buy it or I don't. NO ONE IS HARMED IN ANYWAY SHAPE OR FORM.
No matter what I do, it seems like SOMEBODY has to complain.
They keep trying to KILL THE MESSENGER.
If I just post one chart, they complain.
If I post plenty of charts with explanations, they complain.
I am just going to post when I feel like and what I feel like posting WITHIN the forum rules, of course.
But I am sick and tired of people trying to tell me how I should conduct myself.
It's so simple, IF YOU DON'T LIKE WHAT I POST, THEN IGNORE IT. Why turn the forums/threads into a battleground? If attacked, I will defend. I won't back down. And if I get banned defending myself, then so be it. I will NOT turn the other cheek.
Nothing against you, Tom, but I have been defending myself over on babypips where people are accusing me of things that I didn't do. And then I come here and see your comment. My patience is wearing thin.
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No CCI on my chart. Just filled in the spaces between the moving averages, that's all.
Just showing how they work with using a simple support/resistance indicator.
I don't need to "start my own thread".
I have just as much right to post here as the next person so long as I STAY ON TOPIC and OBEY THE FORUM RULES.
Most, if NOT all of the trouble on the net and in the world is caused by people sticking their noses in other peoples' business and/or telling them what to do and/or how to conduct themselves and/or their business.
If you don't like me and/or what I post, JUST IGNORE IT! Move on. Otherwise, you create a situation that just escalates.
I have just as much right to post here as the next person so long as I STAY ON TOPIC and OBEY THE FORUM RULES.
Most, if NOT all of the trouble on the net and in the world is caused by people sticking their noses in other peoples' business and/or telling them what to do and/or how to conduct themselves and/or their business.
If you don't like me and/or what I post, JUST IGNORE IT! Move on. Otherwise, you create a situation that just escalates.
This thread seems to be losing its momentum a little. Hope this doesnt fade off into obscurity like a lot of other promising threads.
jjrvat: I for one, am still looking forward to a live exercise which you were kind enough to offer. Also further discussion on this trading method.
Lets try and keep it positive people. Like my mother always told me "If you dont have something nice to say........."
jjrvat: I for one, am still looking forward to a live exercise which you were kind enough to offer. Also further discussion on this trading method.
Lets try and keep it positive people. Like my mother always told me "If you dont have something nice to say........."
Greddy, SK0, etfswingtrade, MandelbrotSet, amitman, Dr.N, shasha,thgood, IronFist
Thank you for your comments. I have been extremely busy lately especially with the very active markets since my last posts and as maninjapan said it âif you donât have something useful to say â¦â
To be honest with you I also changed my mind about the live trading exercise at least the way I was originally thinking to do it: first, I was not sure if my initial idea was going to be useful for this thread and also because it could have misled some people, second, because it would have attracted a lot of âunwantedsâ and finally and more important I didnât want to make the wrong impression that I was a GURU or system seller giving away live trading calls (â¦as so many others here on ET) to convince potential clients.
In any case I am trying to organize some ideas with a few live charts examples (in slow timeframes) to regain the focus on the thread. Any other comments or possible topics for discussion are always welcome.
jjrvat
Thank you for your comments. I have been extremely busy lately especially with the very active markets since my last posts and as maninjapan said it âif you donât have something useful to say â¦â
To be honest with you I also changed my mind about the live trading exercise at least the way I was originally thinking to do it: first, I was not sure if my initial idea was going to be useful for this thread and also because it could have misled some people, second, because it would have attracted a lot of âunwantedsâ and finally and more important I didnât want to make the wrong impression that I was a GURU or system seller giving away live trading calls (â¦as so many others here on ET) to convince potential clients.
In any case I am trying to organize some ideas with a few live charts examples (in slow timeframes) to regain the focus on the thread. Any other comments or possible topics for discussion are always welcome.
jjrvat
This has been a good thread for me and I too want to keep this thread alive. So I will try and post charts for your review. I use 2 charts to trade... the longer timeframe chart is used to identify possible setups and the shorter timeframe chart is used for entries and exits. I trade ES, YM and NQ.... they all meet my personal risk tolerance needs.
I traded ES today and here is the longer term chart that I used for setups. The rectangle shows the 4 setups that I traded today. I have marked my potential entry points with blue arrows. The ellipse shows 2 potential trades that I should have taken, but price action was near the top of the chart and I couldn't see what you see here until after 12noon on the chart. I use heikin ashi bars in red/green and the blue/yellow bars is the first bar reversal after 3 bars in one direction. I use the 3 bar reversal as a possible pullback coming soon. The HH/LL,HL,LH bars are only used to look backward on the chart as it takes 3-6 bars for the HH/LL/HL/LH to actually show up on the chart and that is too late for entries. The moving average is just to help me with price direction and isn't used for setup, entry, or exits. For setups, I try to forecast from price action when the next pullback will turn back toward the trend. I then switch to the shorter timeframe to determine if I should actually take the trade and the exact entry trigger. Once in the trade, I start with a fixed stoploss and target. If the trade moves in my direction, I change the fixed stoploss to a trailing stop. If price action looks strong, I delete the target and let the trailing stop take me out.... All of this is subjective and I don't have any exact/easy rules for entries and exits...
Cheers
toucan
I traded ES today and here is the longer term chart that I used for setups. The rectangle shows the 4 setups that I traded today. I have marked my potential entry points with blue arrows. The ellipse shows 2 potential trades that I should have taken, but price action was near the top of the chart and I couldn't see what you see here until after 12noon on the chart. I use heikin ashi bars in red/green and the blue/yellow bars is the first bar reversal after 3 bars in one direction. I use the 3 bar reversal as a possible pullback coming soon. The HH/LL,HL,LH bars are only used to look backward on the chart as it takes 3-6 bars for the HH/LL/HL/LH to actually show up on the chart and that is too late for entries. The moving average is just to help me with price direction and isn't used for setup, entry, or exits. For setups, I try to forecast from price action when the next pullback will turn back toward the trend. I then switch to the shorter timeframe to determine if I should actually take the trade and the exact entry trigger. Once in the trade, I start with a fixed stoploss and target. If the trade moves in my direction, I change the fixed stoploss to a trailing stop. If price action looks strong, I delete the target and let the trailing stop take me out.... All of this is subjective and I don't have any exact/easy rules for entries and exits...
Cheers
toucan
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