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give me simple day trading method that works?
- Thread starter chipmunk
- Start date
Quote from samus:
...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.
Couldn't agree more with this statement. Curious though, do you have an objective method to define S/R or is subjective?
Quote from El Guapo:
Couldn't agree more with this statement. Curious though, do you have an objective method to define S/R or is subjective?
It's pretty much objective, although sometimes it can be subjective depending on your rules. I trade nothing but the ES on a 500 tick chart but I also monitor higher tick frames for an overall look. There is some art to it, but for the most part, the chart will scream at you to take a trade. I don't put on anymore than 2 or 3 trades a day with 5-10 contracts each but there are a lot of opportunities for more if I wanted. There are times it may go against you, so I close it out and look for the next one. It's a very simple way to trade, very straight forward with a high degree of probability that most people dismiss and think trading has to be more complicated.
I have a system that gives me 1 to 3 trades a day.
I have 1 loser on approx. 20 trades, on 2 years of trading data
I trade it on an account I started with $5000 and it's now over $70k, in 9 months trading
I can show the account to prove it
I'm not willing to share it for free
Make your own or pay for it
I have 1 loser on approx. 20 trades, on 2 years of trading data
I trade it on an account I started with $5000 and it's now over $70k, in 9 months trading
I can show the account to prove it
I'm not willing to share it for free
Make your own or pay for it
Quote from chipmunk:
Hi
simplicity wins with good risk/money managment. No secret patterns, indicators scalping etc...
Can you give me a simple day trading that really works?
Dail break outs?
M.A. crossover?
???
Thx
I think this is simple... I guess not really a scalpsystem but most trades are for 6 to 10 pts. Live trading is very short history. But developement and sim has been quite awhile.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=219793
Trades and data are in attachment
simple is good, not sure if simple day trading is the best way to make money, but as long as you make money....
2 simple ideas:
1)small account- buy every new high and sell every new low.
2)large account- pick a market direction and go long or short. put a very large order above or below the market in the same direction. watch your stop try to get run and then remove the order before being filled.
enjoy.
2 simple ideas:
1)small account- buy every new high and sell every new low.
2)large account- pick a market direction and go long or short. put a very large order above or below the market in the same direction. watch your stop try to get run and then remove the order before being filled.
enjoy.
Quote from lsubeano:
simple is good, not sure if simple day trading is the best way to make money, but as long as you make money....
2 simple ideas:
1)small account- buy every new high and sell every new low.
2)large account- pick a market direction and go long or short. put a very large order above or below the market in the same direction. watch your stop try to get run and then remove the order before being filled.
enjoy.
Interesting .They used to call the second trade an event trade same idea but , place sell order below market buy order above the market, If the data realease moved the market to put you in, you took posion and used other side of resting orders as a stop. Not for me.. but like you said if you make money at it.....great
Quote from traderslair:
I have a system that gives me 1 to 3 trades a day.
I have 1 loser on approx. 20 trades, on 2 years of trading data
I trade it on an account I started with $5000 and it's now over $70k, in 9 months trading
I can show the account to prove it
I'm not willing to share it for free
Make your own or pay for it
would love to see the proof ! that is impressive