give me simple day trading method that works?

Quote from chipmunk:

Can you give me a simple day trading that really works?
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Short Answer: Buy low, sell high.

Long Answer:
If there was such a thing as a simple trading strategy that REALLY worked, why would people spend years creating their own personal complex strategies? Why wouldn't everyone just use this simple money making machine? If there was such a machine would anyone really post it on the internet for free?
 
Quote from cvds16:

have a look at trader Vic's book and read into context.
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I second this. That guy had a brain built to dissect and trade the market. If there's someone worth reading, it's him.
 
Quote from TradetoWin:

Support and Resistance is classic genius. It works at all times. The only tough call is to determine accurately what is the resistance and support in the chart.

once you "intimately" know this (which of course needs some training, consistency and practice)- trade long when the price is at support and sell it at the resistance. Or trade short when price is in the resistance and buy in the support. A high winning system.

The simplest trading system you can use that WORKS!
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Forget everything else. Heed the advice. S and R trading is the simplest most straight forward way of trading you will ever find. Remove all indicators on your chart, use a rolling dynamic support and resistance, trade with discipline, your own set of rules and you will make money consistently. Period.
 
Quote from TradetoWin:

Support and Resistance is classic genius. It works at all times. The only tough call is to determine accurately what is the resistance and support in the chart.

once you "intimately" know this (which of course needs some training, consistency and practice)- trade long when the price is at support and sell it at the resistance. Or trade short when price is in the resistance and buy in the support. A high winning system.

The simplest trading system you can use that WORKS!
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That's a funny one.

In this post http://www.elitetrader.com/vb/showthread.php?s=&postid=2845884&highlight=support#post2845884 author points to this site: http://www.stock-trading.me/2009/09...termine-the-support-and-resistance-of-sp-500/

Support and resistance is defined there as:
"If the MA50 is below the MA 200, it indicates a bearish market. And MA 200 is the resistance while MA 50 is the support.
If MA 50 is above MA 200, it indicates a bullish market. And MA 50 is the resistance while MA 200 is the support."


If trader does what is suggested ("Buy at support, sell at resistance") even in the chart example on the site he looses every time.
For example at the right part of the chart (MA 50>MA 200, "bullish") every time price touches MA 50 ("resistance") trader would sell - and loose because price just bounces up further.


Bottomline: Support and Resistance is not (at least not in the form cited) a clear-cut, easy concept which guarantees success.
 
My experience is coming from autotrading and specifically from Zulutrade. For me this is the Method of trading that works well and I recommend it to beginners and experienced traders as well.
 
Quote from uexkuell:

That's a funny one.

In this post http://www.elitetrader.com/vb/showthread.php?s=&postid=2845884&highlight=support#post2845884 author points to this site: http://www.stock-trading.me/2009/09...termine-the-support-and-resistance-of-sp-500/

Support and resistance is defined there as:
"If the MA50 is below the MA 200, it indicates a bearish market. And MA 200 is the resistance while MA 50 is the support.
If MA 50 is above MA 200, it indicates a bullish market. And MA 50 is the resistance while MA 200 is the support."


If trader does what is suggested ("Buy at support, sell at resistance") even in the chart example on the site he looses every time.
For example at the right part of the chart (MA 50>MA 200, "bullish") every time price touches MA 50 ("resistance") trader would sell - and loose because price just bounces up further.


Bottomline: Support and Resistance is not (at least not in the form cited) a clear-cut, easy concept which guarantees success.
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Your definition is not a classic S and R trading method at least from my perspective. I have no idea where the 50 or 200 MA are in the ES and I couldn't care less. MA's, MACD's, Bollingers, etc... are all a function of price and they all lag. To me, their useless as tits on a bull so I don't put that garbage on my chart. If you want to make trading more complicated than it is, then go ahead. I know what works because I make a living from it... sell when price hits resistance and buy when it hits support. I watch for S/R on an intraday chart in three different time frames and It's pretty easy to see on a chart. And I'm not talking about these S/R numbers you get from the night before and plot for the next day... I'm talking about dynamic S/R. You don't need MAs or any other crap, just watch the price.
 
Quote from samus:

And I'm not talking about these S/R numbers you get from the night before and plot for the next day... I'm talking about dynamic S/R. You don't need MAs or any other crap, just watch the price.
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So you don't use yesterdays S/R levels? What do you consider "dynamic" S/R levels to be? Levels from the current day only?
 
Quote from GiantDog:

So you don't use yesterdays S/R levels? What do you consider "dynamic" S/R levels to be? Levels from the current day only?
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Sure, I use recent historical levels I see that price made on my highest time frame especially if price has made significant moves but for the most part, I use intraday levels for my bread and butter. I don't use charting programs or any sort of calculations to arrive at S/R. It's on the chart as plain as day. Once you get the hang of it, you'll never go back.
 
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