The Tao of Minimalistic Trading: $300 Daily Profit

jimmiebarton said:
First gap up day in last eight. You bet against that here??
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I have no ability to bet on a long term basis, even on what will happen in the next hour. I can only spot the opportunity of what price is doing when it reaches a level that I'm watching and place my trade accordingly which will either work or it won't.

In terms of gap days, I often see them fill, sometime days later, sometimes not at all, so I can't base anything on this, even though I do keep a chart open with just the RTH so the gaps are obvious and I can watch for this.
 
Stewie said:
I have no ability to bet on a long term basis, even on what will happen in the next hour. I can only spot the opportunity of what price is doing when it reaches a level that I'm watching and place my trade accordingly which will either work or it won't.

In terms of gap days, I often see them fill, sometime days later, sometimes not at all, so I can't base anything on this, even though I do keep a chart open with just the RTH so the gaps are obvious and I can watch for this.
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How short a TF do you trade off, just curious? Don't reveal your strategy, just what TF ..you condider yourself a scalper, or an intraday swing trader or smthg else?

for example, I'm more of an intraday swing. i think schiz is a scalper
 
jimmiebarton said:
8 days down, what we going to make it nine? From here??

How many days down on the tail of a multiyear BULL (2008)do you expect??

these are the questions I ask myself, then I draw my fibs. 1965 = 38.2
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Just have to trade what you see and nothing else.
 
jimmiebarton said:
How short a TF do you trade off, just curious? Don't reveal your strategy, just what TF ..you condider yourself a scalper, or an intraday swing trader or smthg else?
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What I do and what I'd like to do isn't one and the same just yet. I do look at a fast chart, sub 1 minute, but my 5 min chart has its own monitor and also the levels from the previous day are plotted so its essentially right there anyway. I would consider myself more than a scalper, but often times it works out this way, although, as I say, not always as intended.
 
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