MACD/Trendline Swing Trader

Quote from epetrov:

Hello Retire and Goldenglen,
could you please comment your point of view about the following questions:

- What is your big winning % from the total trades?
- How do you know that the trade is going well?
- How do you know that the trade is not going well?
- If the trade is not going well, where and how do you get out?

I suspect such questions are key success factors, not only finding and playing some setups (swing trading or BO trading or whatever it is). Trade management mus be essential.

Looking forward to your comments, and Retire, please do not avoit them with something that "I don't know" or "I just feel it" and so on.
:D :D :D
More...

I can suggest you to follow patient guys like sir Rashid. they keep posting their trading ideas as well as coments. u can learn a lot.
to answer you question I would use an example as well.
KFT I found what I was looking for, now I put a buy stop on 29,02 and wait for it to trigger, if it wont trigger and a pattern wont look like a Perfect thing for me. I will forget it for a while . I it triggers - I set two targets - immediate and a fib just below 38.2, a stop would be something logical that signals a reversal and proves me that Im wrong - on kft example it would be below 28,50.

and things like "I don't know I just feel" are real... I think its because of experience with working on the same pattern. u can actually see which ones could be profitable and which ones are not worth of ur time
 
Well... the ANR short failed twice.. Sooo... Long at 83.25

Got some AAPL August 185's at 9.5
The Builders squeezing as always..
 
Quote from goldenglen:

Im sorry I interrupt..

As my trading style is very similar Its very interesting for me to follow this discussion.
just curious dont you look at kft above 29 today?

fantastic thread..
More...

No interruption.. Have a seat...!
KFT Looks dandy.. However the swing volatility is low... meaning a complete swing is less than 10%.. I'll have to buy a ton of it for the possibly 1 point.. or do calls..

Nice setup though.. What are your plans? 29.5 or 30?

Rashid
 
Quote from epetrov:

Hello Retire and Goldenglen,
could you please comment your point of view about the following questions:

- What is your big winning % from the total trades?
- How do you know that the trade is going well?
- How do you know that the trade is not going well?
- If the trade is not going well, where and how do you get out?

I suspect such questions are key success factors, not only finding and playing some setups (swing trading or BO trading or whatever it is). Trade management mus be essential.

Looking forward to your comments, and Retire, please do not avoit them with something that "I don't know" or "I just feel it" and so on.
:D :D :D
More...

Winning %?? Sorry "I don't know"
Maybe I should get Ninja trader or one of those platforms that spit out such stats.

Trade going well or not?? Trick question?? 2 to 3% loss - bad trade.. Kill ASAP.. Anything Green - good trade..
 
Added SQM, SVNT and STEC long at day's end.

Disaster in RYL short - Triggered short in the 21's .. Said I won't trade it again .. Added in the 22's and covered in the 23's.

Same for TOL... Not trading objectively in these Builders.

Covered PBR 61.5
 
Quote from retire45:

No interruption.. Have a seat...!
KFT Looks dandy.. However the swing volatility is low... meaning a complete swing is less than 10%.. I'll have to buy a ton of it for the possibly 1 point.. or do calls..

Nice setup though.. What are your plans? 29.5 or 30?

Rashid
More...



That stock is picked in purpose.. something like risk management.can put a tight stop and at the same time I think it has room to move.
will cover half on 29.5 and other half will hold untill I see the move is reversing (again if Im not completely wrooong :) )
Thanks,
 
I've been following this thead up and off somewhere a distant, allthough I find it very interesting. I myself mainly daytrade fx (for a great thread about this: see the journal intraday fx player ) and have some long term plays stocks. But might go diversify into this direction.
Is there somewhere on ET where you explain in detail your method. I more or less got some pieces of it here and there but haven't found the real detailed proces you are going through. I understand you have a universe off about 50 stocks and look at other charts too.
 
Sold ANR 89.5
Stopped out of SVNT

Triggered into RCII...

Something to improve.... This trade "May" work but this is something I must remember... The basic 4 day breakout scan would have taken this a couple of days ago as it passed 21.6. I set this manually but the risk is high whenever a stock travels a distance from the defensible launch area.. If a circle can fit.. don't take the trade..

Hopefully (ugly for trading), RCII rests here without retracing..
 

Attachments

Quote from cvds16:

I've been following this thead up and off somewhere a distant, allthough I find it very interesting. I myself mainly daytrade fx (for a great thread about this: see the journal intraday fx player ) and have some long term plays stocks. But might go diversify into this direction.
Is there somewhere on ET where you explain in detail your method. I more or less got some pieces of it here and there but haven't found the real detailed proces you are going through. I understand you have a universe off about 50 stocks and look at other charts too.
More...

Very simple.. I think it's of on page one of the thread and I have repeated it a few times....

Step 1 .. Find stocks that swing reliably i.e. tend to do full candles with fake-outs.

Step 2 .. Sort that list by MACD, keeping an eye for "themes" or group behaviour.

Step 3 .. Take 3 to 4 day breakouts breaking a flat or declining (rising for shorts)..

AAPL was a classic yesterday. BIDU also but I don't care for it. A lot of these commodity stocks are simply getting ready to setup.

THE trick to all this is to follow the game plan like an absolute zombie.. THAT is the hardest part I still aspire to. Whenever I have losses it is ALMOST ALWAYS because I started daytrading..
 
You must log in or register to reply here.
Back
Top