The Day Trading Thread

[MarkBrown]

MarkBrown,

When I am trading my 3 min chart, I have no time or I do not see the reason to even look at the day chart. Maybe the 1 hour chart every other hour.

clip> there is no use for the day chart for me, besides a longterm resistance or support area.

View attachment 203564

I also have a 1 hour chart I check every now and then, I only glance at the Daily a few times during the day session.

It's the support resistance as well as the range, session center line, value areas, vwap and point of control that the market will stage off of and then run. All these different traders using a handful of popular methods always react the same.

It's almost like uncontrollably you will see any thread on ET turn from an intellectual discussion to one about who made the most money, who's the best trader, who has posted their statements lol. This predictability can be taken advantage of in trading also. There are undeniable targets the market will self fulfill for no other apparent reason than the cult of followers have a target to reach.

 

[SimpleMeLike]

you have misunderstood me

you have to judge counter trend strength to know if the reversal is close by

Is that bar strength? now what do I do? join the momentum trend? wait for strength reversal?

Ok, I will now wait for some strength to come.

 

[padutrader]

Is that bar strength? now what do I do?
View attachment 203591

...you have given me a small part of picture

 

[SimpleMeLike]

you have misunderstood me

you have to judge counter trend strength to know if the reversal is close by

padutrader,

Please tell me where to go long. Is this strength reversal here ?

Thanks

 

[SimpleMeLike]

...you have given me a small part of picture

padutrader,


Open crude oil 3 minute chart and identify to me strength counter trend.

Or open any chart and show me some strength counter trend.

Thank you alot sir.

 

[SimpleMeLike]

you have misunderstood me

you have to judge counter trend strength to know if the reversal is close by

padutrader,

Does the orange arrow point to counter trend strength?

Is yes, please respond with :

1. Where to enter?
2. Where to place stop loss?
3. Where to place profit target?
4. If don't know the answer to 1, 2, or 3 above, then please explain how to manage the trade after entry?

If no, please respond with counter trend strength example on this chart please.

Thank you sir.

 

[SimpleMeLike]

It's almost like uncontrollably you will see any thread on ET turn from an intellectual discussion to one about who made the most money, who's the best trader, who has posted their statements lol.

Thanks for MarkBrown response,

I do not want to see anyone account statements unless they selling something to me. I just want to see examples of how to make money day trading the future markets.

We can play around during the weekend. It is time to make some money

For example, here is my trades the last hour or so.

 

[padutrader]

padutrader,

Please tell me where to go long. Is this strength reversal here ?

Thanks


View attachment 203592

you come to India in one month i will make you a trader

 

[padutrader]

Thanks for MarkBrown response,

I do not want to see anyone account statements unless they selling something to me. I just want to see examples of how to make money day trading the future markets.

We can play around during the weekend. It is time to make some money

For example, here is my trades the last hour or so.

View attachment 203594

you should have stayed in

the second swing up has less momentum than the first

the trend is down but you let the weak counter trend fool you out of position.

this will go down imo

it has broken out of channel and will continue

 

[padutrader]

Is yes, please respond with :

1. Where to enter?
2. Where to place stop loss?
3. Where to place profit target?
4. If don't know the answer to 1, 2, or 3 above, then please explain how to manage the trade after entry?

i have to write a book to explain this