The Day Trading Thread

Seaweed said:
He made this post today about how he is calling out dest for being a "slick scammer".
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I saw the phone pic caps with the "blotted" out portion and while it looked nice, I recognized it as IB TWS, and it certainly can be run in sim mode. I don't really know who is for real here, but I'd like to think some here or in the past on ET are legit successful traders making at least over 100k a year. I would guess a more solid proof could come with broker statements with personal info redacted, but at least identifying an account number, and then permission given to the broker to verify them on a phone call or something.

maxinger said:
right mister.
newbies (including me when I started trading years ago)
started with lots of indicators because we were taught by crooked fake scam coaches.

as we progress along, we throw away all those useless worthless indicators.
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I have a similar sentiment and experience with scam trading products and gurus. If I cut off all the time wasted with them, I could have shaved off at least five years of stumbling around, being fooled and still not reaching break even. tradingschools.org opened my eyes to the severity and pervasiveness of the out of control snake oil trading product & vendor scam industry and is my goto place for a chuckle at the next scam exposed.

SimpleMeLike said:
Is my logic correct for trading with trend using long term EMA and RSI example?
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Al Brooks and others often like to use the 20 EMA for more immediate trend but I guess the 200 can still work as a higher time frame and seems to be used with long term position chart reading. The RSI could be used to check for strength and may help with divergences. Just my opinion, but the s/r looks so cluttered. Maybe just use hi & low & close of yesterday and maybe R2 & S2 for early reversal signs. But then again, I barely tried s/r lines only for a short while, and moved on quickly. If you learn to read patterns like from AlBrooks or Bulkowski(www.thepatternsite.com), you can also look on more recent swing hi's/lo's as target or s/r areas without having to draw lines.
 
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slvrrisc said:
Just my 2c. I saw the phone pic caps with the "blotted" out portion and while it looked nice, I recognized it as IB TWS, and it certainly can be run in sim mode. I don't really know who is for real here, but I'd like to think some here or in the past on ET are legit successful traders making at least over 100k a year. I would guess a more solid proof could come with broker statements with personal info redacted, but at least identifying an account number, and then permission given to the broker to verify them on a phone call or something.
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i'm just pointing out the delirious says he is starting a fund and he states he doesn't need the money and that he is not advertising on the forum.

this is the trademark of a slick scammer along with gathering up worshipers like jack use to do.

the only solid proof of performance in the industry is to have an audited track record by an independent source every real money manager knows this. these track records can be viewed on various performance reporting web sites. to ask for a record here on this forum is fraught with scams.

now think > why would i feel the need to post my audited returns here on the forum?

and think > why would a scammer post his hypothetical returns here on the forum?

because without audited returns it's all hypothetical, yet a scammer will never state that!
 
slvrrisc said:
Al Brooks and others often like to use the 20 EMA for more immediate trend but I guess the 200 can still work as a higher time frame and seems to be used with long term position chart reading. The RSI could be used to check for strength and may help with divergences. Just my opinion, but the s/r looks so cluttered. Maybe just use hi & low & close of yesterday and maybe R2 & S2 for early reversal signs. But then again, I barely tried s/r lines only for a short while, and moved on quickly. If you learn to read patterns like from AlBrooks or Bulkowski(www.thepatternsite.com), you can also look on more recent swing hi's/lo's as target or s/r areas without having to draw lines.
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slvrrisc,

Thanks slvrrisc for the response.

Yes, drawing the S/R throughout the day does become cluster quickly and sometimes does not make decision making easy at times.

When I wake in the morning, the only S/R I have on my chart is pivots and OHLC lines. Like figure one below.

But here I come in Figure 2 and start drawing these other S/R throughout the day.

Figure 1:

upload_2019-6-12_10-35-56.png


Figure 2:

upload_2019-6-12_10-37-53.png
 
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these range bound markets are what i hate to get wound up in. the price has spent a lot of time between yesterday and today in a very narrow price boundary. plus the dom action is so slow, i got chopped up pretty good last night. my first trade at session open was short and then flipped long to almost get back where i was yesterday.

this is exactly why i started this thread because yesterday was an outside day and typically the market consolidates. i was expecting to bottom to fall out but i have been wrong so far. meanwhile my hourly model is enjoying a huge short it has been in for 3 days which was the reason for my downward bias.

this is what happens when you manually trade, get bored and start looking for something to do, lol.

8x9Wnm.png
 
MarkBrown said:
these range bound markets are what i hate to get wound up in. the price has spent a lot of time between yesterday and today in a very narrow price boundary. plus the dom action is so slow, i got chopped up pretty good last night. my first trade at session open was short and then flipped long to almost get back where i was yesterday.

this is exactly why i started this thread because yesterday was an outside day and typically the market consolidates. i was expecting to bottom to fall out but i have been wrong so far. meanwhile my hourly model is enjoying a huge short it has been in for 3 days which was the reason for my downward bias.

this is what happens when you manually trade, get bored and start looking for something to do, lol.

8x9Wnm.png
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I agree Mark.

I am just waiting on 51.69 to break down to so I can join the trend and get short.

Im staying out of the grey areas. I am starting to see S/R are not lines but zones for intraday trading

upload_2019-6-12_12-38-48.png
 
Awww shucks! You cake boys talk about me more than day tradin’!

I am Seaweed? Tell us more, handle. I’d like to hear how you scored your double-wide, and the story about how you nursed Xela back to health in London when you though he was a she (full beard notwithstanding).

Remember when you stated that you know Xela’s father? So nobody mentioned the lack of a vagina? He wore baggy clothes? I bet that dinner out was uncomfortable.

$100K to anyone who can connect me to seaweed. You are nuts.

Ima gonna do some remodeling while I’m in Mark’s and handle’s head(s).
 
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MarkBrown said:
these range bound markets are what i hate to get wound up in. the price has spent a lot of time between yesterday and today in a very narrow price boundary. plus the dom action is so slow, i got chopped up pretty good last night. my first trade at session open was short and then flipped long to almost get back where i was yesterday.

this is exactly why i started this thread because yesterday was an outside day and typically the market consolidates. i was expecting to bottom to fall out but i have been wrong so far. meanwhile my hourly model is enjoying a huge short it has been in for 3 days which was the reason for my downward bias.

this is what happens when you manually trade, get bored and start looking for something to do, lol.

8x9Wnm.png
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Yes, I can get bored very fast, especially when you trying to read the chart and you missed a trade, or starring at t loss for the day.
 
humbletrader2016 said:
Oy.... stuck in a range for the last 24-hr. I managed to squeeze out 2 points from it today. Better than nothing.

View attachment 204115
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Nice looking charts humbletrader2016,

I am not sure if this is the small timeframe chart or not, but I am curious why you not take this trade here? Double Top, nice bear bars, and your indicators was pointing downwards and seem to signal change in trend.

upload_2019-6-12_19-50-53.png
 
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