give me simple day trading method that works?

Quote from J.Joseph:

Simple trading plan that works. Okay, let's see.

Once upon a time, when I was getting into trading, my brother and I traded together. He saw that I had a tendency to get in early, anticipate reversals, and hold too long. So he took advantage of that. Whenever I'd get in with puts, he'd go long with calls. He won 4 of 5 times. The more certain I was that it was going to go one way, he'd just bet on the opposite, unless I was calm about it. If I was calm about the decision, he'd agree with me.
It worked because he always lied to me about his decisions. I didn't know he was winning. I though we were both losing. My stress was way high but I was comforted by the fact that we were both in the same boat. You should have seen me when I found out. I was partially relieved that one of us was making money, but a little angry that he was taking advantage of my stress.

Long story short, I got better and his strategy stopped working.
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ROFL. That really is the best strategy though. Find someone that consistently loses money in the market and take the other side of all of their trades.
 
Quote from xiaodre:

Here ya go. Try the opening range breakout.

You're welcome.
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hahaaa..

no one stil have a fooking clue:D :D

hey,X, have similar for the Asian session??
 
Hi!

I told you before, some months ago about the breakout of the 15m opening range, and the 30m opening range.

Now I will talk about the fibonacci retrace in 15m chart from globex high to globex low.

I draw it everyday, and this allows me to trade with a plan a little simple but very profitable. I use to trade only in the morning.

My trading rules:

Trend down: sell 20 ma, and better if there is a pivot point or a Keltner high in 3m chart, or a fib retrace.

Trend up: buy 20 ma and better if besides this is a pivot point or a lower keltner at 3m chart or a fib retrace.

Trend turned up: buy 20 ma don´t sell the retrace point

Trend turned down: sell 20 ma don´t buy the retrace point

If not retrace and if not at 20ma sell (or buy) the breakout globex high or low, only few times a month this option, very strong trend.

Buy or sell 50% or 61% retrace not necessarily with the trend marked by the moving averages.

When a flash up or down at pre market use Fibonacci from this lows to highs to find a retrace.

When double top or bottom reenter the same set up.

Use the retrace to 61 or 50 levels even in premarket.

I will show 3 examples, using 15m chart and 3m chart, that are my main charts:

1- Buy fibonacci retrace in globex and in NYSE. Targets fib extensions

http://i753.photobucket.com/albums/xx171/sandrabellizzi/fibretrace.jpg

2- Sell 20ma in 15m chart + R1 + double top, + minor retrace, weakness signal. Targets fib extensions

http://i753.photobucket.com/albums/xx171/sandrabellizzi/20ma.jpg

3- Buy breakout globex high, minor retrace to 38% fibonacci is a strong signal, targets fib extensions

http://i753.photobucket.com/albums/xx171/sandrabellizzi/breakout.jpg
 
Quote from SandraB:

Hi!

I told you before, some months ago about the breakout of the 15m opening range, and the 30m opening range.

Now I will talk about the fibonacci retrace in 15m chart from globex high to globex low.

I draw it everyday, and this allows me to trade with a plan a little simple but very profitable. I use to trade only in the morning.

My trading rules:

Trend down: sell 20 ma, and better if there is a pivot point or a Keltner high in 3m chart, or a fib retrace.

Trend up: buy 20 ma and better if besides this is a pivot point or a lower keltner at 3m chart or a fib retrace.

Trend turned up: buy 20 ma don´t sell the retrace point

Trend turned down: sell 20 ma don´t buy the retrace point

If not retrace and if not at 20ma sell (or buy) the breakout globex high or low, only few times a month this option, very strong trend.

Buy or sell 50% or 61% retrace not necessarily with the trend marked by the moving averages.

When a flash up or down at pre market use Fibonacci from this lows to highs to find a retrace.

When double top or bottom reenter the same set up.

Use the retrace to 61 or 50 levels even in premarket.

I will show 3 examples, using 15m chart and 3m chart, that are my main charts:

1- Buy fibonacci retrace in globex and in NYSE. Targets fib extensions

http://i753.photobucket.com/albums/xx171/sandrabellizzi/fibretrace.jpg

2- Sell 20ma in 15m chart + R1 + double top, + minor retrace, weakness signal. Targets fib extensions

http://i753.photobucket.com/albums/xx171/sandrabellizzi/20ma.jpg

3- Buy breakout globex high, minor retrace to 38% fibonacci is a strong signal, targets fib extensions

http://i753.photobucket.com/albums/xx171/sandrabellizzi/breakout.jpg
More...

where is your target??

!!

..

:D :D
 
According to my plan, with trend up, buy retrace to fibonacci retracement from globex high to low.

If not retrace some options are:

1- Buy breakout globex high

2- Buy 20 moving average in 15m chart.

3- Buy retrace to the breakout globex high, that was the 61% retrace from globex low to high

Targets:

1st target 10 points YM to lessen the risk, I use 20 points stop, 1st target hit y move stop up to 6 points from the entry. Then trailing the other targets are fibonacci extensions or pivot points.

What I use to trail the stop?

- A stop 1 tick below the last 15m candle

- The 89 exponential moving average in the 133 tick chart

- The 20 moving average in the 3m chart or the 15m chart.

Here is the example of today trading:

http://i753.photobucket.com/albums/xx171/sandrabellizzi/2011-07-19-TOS_CHARTS.png
 
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