Simple Profitable Method

Status
Not open for further replies.
T28

When you reach your intended target is it wise sometimes take 1/2 and let the rest ride or would you say don't get greedy stick to 2 points or 10 min. rules. TIA and all the best...
 
Technoodle,

I've been watching President Bush speak on t.v. and I don't like
to trade during major news releases. To unpredictable...

Anyway, would you tell me about the "levels" that you use to help you trade?

1). Which market are you trading using levels? (YM)?
2). How do they work and how do you set them up?
3). Do they work to help you make money or keep out of trouble?

Thanks

snarlyjack
 
I use market orders for emergency exits only. Otherwise I'm using stops. I'm very rarely getting any slippage at all. One point is the most I've had as slippage in the last couple months.

What was that big move this morning? That was hot!

Short from 820 now.
 
Quote from snarlyjack:

Technoodle,

I've been watching President Bush speak on t.v. and I don't like
to trade during major news releases. To unpredictable...

Anyway, would you tell me about the "levels" that you use to help you trade?

1). Which market are you trading using levels? (YM)?
2). How do they work and how do you set them up?
3). Do they work to help you make money or keep out of trouble?

Thanks

snarlyjack
More...

I play the ER2 using SPM methodology. And I'm still figuring where I fit in as far as risk/reward.

Seems I feel most comfortable when I see a move and scalp off it.
I am a major economist with my tools. I am paper trading
and I am now starting to feel like I can get an entry edge.

I have IB and use Quote Tracker and Bracket Trader.
I draw my levels from looking at a 10 day chart from Prophet.com(crude,
but I don't know where else to get history).
I draw them based on consistent pivots, hi/lo, etc.

The levels give me more "stay out" zones than anything else. And I really value that.
But when the MACD signals while price exits a tight level area, that will add to my 'green light'.

So basically the move has started and I have indication that it is significant enough to jump on for bit.
So far I have had little risk. But I do not trade often.
So it all may be dumb luck.... but I'm feeling better about it these days(my knowledge that is).

Or its the market play its 500th cruel trick on me.:D
 
Quote from belissimo1:

T28

When you reach your intended target is it wise sometimes take 1/2 and let the rest ride or would you say don't get greedy stick to 2 points or 10 min. rules. TIA and all the best...
More...

Everyone has a personal preference in regards to taking profits, certainly runners can be very profitable in the right markets
 
Quote from T280:

8.48am was tasty
More...

Yes, it was.

I love my levels!
Although I take little(5 ticks) when I see a 2point-ish range ahead of me. I'm still timid looking for its full potential.
 
Status
Not open for further replies.
Back
Top