Son of If You Can Draw a Straight Line . . .

Status
Not open for further replies.
Quote from Gringo:

It's almost 1100. I have tears in my eyes seeing you fine gentlemen grind against the intra-day. Leave the dark side. Join the relaxed and easy trading of hourly or EOD.
More...

ROFL.gif
 
Quote from Gringo:

It's almost 1100. I have tears in my eyes seeing you fine gentlemen grind against the intra-day. Leave the dark side. Join the relaxed and easy trading of hourly or EOD.
More...

It surely is more relaxed but based on my experience the time consumption is even higher compared to a fixed intraday trading window. Would you agree?
 
Quote from timokrates:

It surely is more relaxed but based on my experience the time consumption is even higher compared to a fixed intraday trading window. Would you agree?
More...

Why is the time consumption higher? It's up to you how many times you want to check price. You choose your own schedule based on your preference. For hourly yes, you'll have to be available more. For daily I would say few times a day is sufficient, and real decisions are made whenever price does something that warrants a closer look.

If price is calmly trending down you let it go and that goes on for a few days to weeks. It's when SL is breached you get alert and monitor a bit more. When the down trend resumes you're back to your let the price do its thing mode.

Gringo
 
Quote from Gringo:

Why is the time consumption higher? It's up to you how many times you want to check price. You choose your own schedule based on your preference. For hourly yes, you'll have to be available more. For daily I would say few times a day is sufficient, and real decisions are made whenever price does something that warrants a closer look.

If price is calmly trending down you let it go and that goes on for a few days to weeks. It's when SL is breached you get alert and monitor a bit more. When the down trend resumes you're back to your let the price do its thing mode.

Gringo
More...

Thanks Gringo...

And you focus on the Qs and sector ETFs mainly?

Yes, I meant the hourly in terms of time consumption...
 
Quote from timokrates:

Thanks Gringo...

And you focus on the Qs and sector ETFs mainly?

Yes, I meant the hourly in terms of time consumption...
More...

I look at a few things. Futures I observer for clearer price but ETF's for speculating. In a few minutes one can go through quite a bit of charts. I look at Q's, gold, and silver mainly. When I am bored I look at stocks as well. Gold and silver are trending nicely so for now that's where the game is.
 
Quote from niko:

10:38 Have to run some errands, so I am done for the day, I hope for those who stay, that a small RET after a BO lets you ride a nice trend.

I will not be able to trade tomorrow, so see you on thursday.
More...

Well...finally...

Just closed the short from 11:15...

That trade really took care of the trigger happy stuff...

Still I'm having a hard time to judge when to give the trade room and when to just exit with the break of the line...
 
Quote from Gringo:

I look at a few things. Futures I observer for clearer price but ETF's for speculating. In a few minutes one can go through quite a bit of charts. I look at Q's, gold, and silver mainly. When I am bored I look at stocks as well. Gold and silver are trending nicely so for now that's where the game is.
More...

Ok.

Silver had a nice hinge breakout to the downside what I saw yesterday...I mean the one at 27. BO and RET...

Edit: I think I have to correct myself, this is not a hinge...

You use the same "toolset" used here? And place your stop limit orders a certain distance away also?
 
Status
Not open for further replies.
Back
Top