SP 500 Intraday swing
- Thread starter inves200
- Start date
Scaling in is a normal approach in Auction Market Theory. The exact area of a bounce is hard to call down to the penny.
Notice how we got out of the higher possition and only held the lower one? Now we are holding only the 71.5 and out of the 72.5.
If you look at ANY SP chart you will see that 99.9% of the time there is 1.5 pt bounce after it makes a 6.0 to 7.0 move. Ayone care to show a SP that DIDN't move that way? Those bounces are how you can scale in and hold just the best possitions.
Notice how we got out of the higher possition and only held the lower one? Now we are holding only the 71.5 and out of the 72.5.
If you look at ANY SP chart you will see that 99.9% of the time there is 1.5 pt bounce after it makes a 6.0 to 7.0 move. Ayone care to show a SP that DIDN't move that way? Those bounces are how you can scale in and hold just the best possitions.
So anyway Dan05, how does your system generate its results?
My results can be obtained by picking 3 time frames (any 3 will do, - but I like 3/15/60 - just pick'em and see) along with a very Simple Moving Average (20 period) - take a look, what does it show you?
I also like to monitor the the internals, Dow, NASDAQ, you know, all that stuff that all them professional traders are looking at.
But my trade triggers require manual execution, is yours automated?, boy I'd love to get my hands on a good automated system, then I could just chill and make money ... instead of actually having to do the work of watching some charts and pushing a button, taking trades based on a logical system with a high positive expectancy (due to the) legging-out of trades at a profit (instead of the averaging-in and hoping uh, praying) for breakeven).
Later,
Jim
My results can be obtained by picking 3 time frames (any 3 will do, - but I like 3/15/60 - just pick'em and see) along with a very Simple Moving Average (20 period) - take a look, what does it show you?
I also like to monitor the the internals, Dow, NASDAQ, you know, all that stuff that all them professional traders are looking at.
But my trade triggers require manual execution, is yours automated?, boy I'd love to get my hands on a good automated system, then I could just chill and make money ... instead of actually having to do the work of watching some charts and pushing a button, taking trades based on a logical system with a high positive expectancy (due to the) legging-out of trades at a profit (instead of the averaging-in and hoping uh, praying) for breakeven).
Later,
Jim
A piece of back ground ifo you all may wish to be aware of...
Each night large institutions give a special report to thier largest clients of where the rest stops are that are cancelled and reinserted each night. So, these big boys use news to "hunt for stop" they go buy em up there and then bring right back up.
News will often just be an excuse for volitilty to do a mugging on ma and pa.
Trade is now +2 and we are -1 on day. You could have it worse than a -1 day. Target is now 79.5 and BE stop.
Each night large institutions give a special report to thier largest clients of where the rest stops are that are cancelled and reinserted each night. So, these big boys use news to "hunt for stop" they go buy em up there and then bring right back up.
News will often just be an excuse for volitilty to do a mugging on ma and pa.
Trade is now +2 and we are -1 on day. You could have it worse than a -1 day. Target is now 79.5 and BE stop.
OK Franz uh, I mean inves200 and you know this how?
Better yet, this information has exactly what to do with trading (oh I get it, YOU use it to know which side to trade on, right? not based on today's action, you don't - or is this just another bit of trivia to show how knowledable you are?)
:eek:
Well JimmyJam,
Were's your real time posts of calling the tops and bottoms.
I agree I am doing less well than expected. Do you have any idea of how to do it better? Do have a link to YOUR TRADE JOURNAL? Do you post YOUR trades in real time in the light od day and disclose you r methods? Do you even HAVE A TRADE JOURNAL?
Thought so.
Were's your real time posts of calling the tops and bottoms.
I agree I am doing less well than expected. Do you have any idea of how to do it better? Do have a link to YOUR TRADE JOURNAL? Do you post YOUR trades in real time in the light od day and disclose you r methods? Do you even HAVE A TRADE JOURNAL?
Thought so.