tfp is the BEST TRADER i know and has taught me everything I know. Glad you stopped by tfp.
One can learn a LOT from shopster and tfp.
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Day Trading Crude without indicators.
- Thread starter mfbreakout
- Start date
tfp is the BEST TRADER i know and has taught me everything I know. Glad you stopped by tfp.
One can learn a LOT from shopster and tfp.
Quote from smallStops:
thanks for the table. It didn't occur to me that the A,B,C,D values changed. Do they change so that no matter the opening range time choice, the price levels of A,B,C,D stay the same?
If I want to get these say for GJ - volatile pair- what opening range time should one chose, and how to determine the A,B,C<D value?
A and C values should be calculated based off OR and VOLATILITY of the instrument. For example , a crude oil trader using 5 minutes OR and using 8 ticks of A value would have rough time.
That sheet is a guideline. Whether one is trading a stock, futures or whatever, first determine OR you want to use , and then use 10 or 20 days ATR of the instrument to get values.
I trade only Crude oil so can not be of more help with A , C values for other instruments.
Maybe i need to read book again as every time i read it i get some thing new which i missed the first time.
Zenster " long and wrong " update.
trend is still down as price runs into the money zone and pukes lower in each grease session.
no abatement on ema direction.
the " Z meister " is three full points " under water " but still standing on his one pegleg long.
cheers,
s
trend is still down as price runs into the money zone and pukes lower in each grease session.
no abatement on ema direction.
the " Z meister " is three full points " under water " but still standing on his one pegleg long.
cheers,
s
Attachments
Quote from shopster:
Zenster " long and wrong " update.
trend is still down as price runs into the money zone and pukes lower in each grease session.
no abatement on ema direction.
the " Z meister " is three full points " under water " but still standing on his one peg leg long.
cheers,
s
LOL shopster. You have set an EXAMPLE ( in CLINT EASTWOOD style) as to what will happen to traders with unprofessional behavior.
Quote from mfbreakout:
Jim Dalton talks about Trade location a lot along with time of the trade.
Test of A down level after confirmation set up. I find it hard to go long after A down unless I see some buying on VOLUME. With 30 ticks pf potential gain on both sides (long or short) i feel comfortable form the short side.
Longs from low of the day has higher potential reward but i do not want to sit for 1 hour holding a position against the trend.