give me simple day trading method that works?

Quote from chipmunk:

Man..we ARE short on love here these days..i was expecting much more. MUCH more...Please add your day system here and I'll check back tomorrow. You'll feel good for it. thx
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uhhh... you really got me with that... ok, use a 5 period and a 20 period moving average and trade the crossovers.. it works, no really... and basically, if you've been trading and found nothing that works, well, thanks for the money!!
 
Quote from chipmunk:

Man..we ARE short on love here these days..i was expecting much more. MUCH more...Please add your day system here and I'll check back tomorrow. You'll feel good for it. thx
More...

I just don't understand...there are hundreds of threads here at Elitetrader.com where traders have detailed in-depth there trade methods along with stating "it works" for them...

Hundreds of threads.

What's preventing you from reading these threads spread out in trading section, journal section, technical analysis sections of Elitetrader.com ???

Did you try them all an concluded none of them work or you looking for someone to send you a direct link to one of the threads or repost something that's already been posted or post something that's never been posted before. :confused:

I think you should just ask folks to post a link to their favorite trade method thread here at Elitetrader.com to see if you've missed something in your extensive search to have something handed to you on a silver platter (seriously).

With that said, I'll begin via posting one of ET's main search sources of "detailed trade methods" that's recommended by many traders here at ET. Many threads at the below link involves traders sharing freely in-depth details with tons of chart examples and feedback of simple trade methods that supposedly works.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=204669

You're welcome

Mark
 
Quote from PocketChange:

Let the Underlying option chain pick your direction:

ES example:
Market @ 1300
Look at options pricing 5 strikes OTM.
Look at 1325 calls and 1275 puts.

If they are close to each other stay on the sidelines.
If Put > Call Open Short ie (11.00 puts vs 9.00 calls)
If Call > Put Open Long

Multiday:
RTH:
Set your stop to 1 strike and ride the trade out until put/call pricing relative to market price equalize.
ETH:
Consider trailing a stop. Options pricing skewed after hours.

Intraday:
Open between 9:15am - 10:30
Take profits of 2 strikes
Close out by end of session.
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could you elaborate on this?
why 5 strikes? which expiration month?
 
Use Current Month Options:
5 Strikes OTM is indicative of the market sentiment. The bid/ask premiums reflect the bets the market makers are willing to make.

Lets look at a few as of 10:40am right now:


=== ES ===
ES 1316.50
Options March 18, 2011
P1290 7.00/7.50
C1340 4.20/4.35

Put > Call = Short Play

Short 1 @ 1316.50
Stop @ 1321.50
Take Profit 1306.50
Close by End of Day.

=== 6E ===
6E @ 138.73
Options April 8, 2011
P136 0.70/0.71
C141 0.72/0.75

P approx = to C = No Trade

=== CL ===
CL 104.78
Options March 17, 2011
P102.50 1.78 1.83
C107 2.01/2.06

Call > Put = Long Play
Long 1 @ 104.78
Stop 104.28
Take Profit 105.78
Close by EOD.



Quote from bigspeculate:

could you elaborate on this?
why 5 strikes? which expiration month?
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Quote from Crude Man:

I know how to make money trading, its to actually not trade and get a real job.
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Trading is a real job just as much as it is for someone else that's self-employed working from home or with a small office in some building. Just like others...most fail in remaining self-employed and forced to get a job working for others.

However, trading is probably too easily accessible in comparison to other self-employ professions.

Mark
 
Quote from PocketChange:

Use Current Month Options:
5 Strikes OTM is indicative of the market sentiment. The bid/ask premiums reflect the bets the market makers are willing to make.

Lets look at a few as of 10:40am right now:


=== ES ===
ES 1316.50
Options March 18, 2011
P1290 7.00/7.50
C1340 4.20/4.35

Put > Call = Short Play

Short 1 @ 1316.50
Stop @ 1321.50
Take Profit 1306.50
Close by End of Day.

=== 6E ===
6E @ 138.73
Options April 8, 2011
P136 0.70/0.71
C141 0.72/0.75

P approx = to C = No Trade

=== CL ===
CL 104.78
Options March 17, 2011
P102.50 1.78 1.83
C107 2.01/2.06

Call > Put = Long Play
Long 1 @ 104.78
Stop 104.28
Take Profit 105.78
Close by EOD.
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i think you were just stopped out in the ES
 
Quote from PocketChange:

I'm embarrassed to say I accidentally reversed the rules.
Can't edit the posts but the rule should be for trend following:

Put > Call = Long
Call > Put = Short
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so this is a contrarian play?
 
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