Trading can be easy

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Quote from bone:

I think it's a dandy system - just keep one eye firmly glued to a very good news feed. Two good rules for it: don't trade the system around earnings, and try to be mindful of geopolitical events. I trade alot of momentum rate-of-change strategies as well.

If you have room on your screen, you might want to think about adding a 14 period RSI for divergence confirmation.
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A dandy system? i suppose you mean it's Ok? at the bottom is the spread between the fast and slow stoch which i use for divergence trades. Lately i have found the first half hour of trading before the news release a waist of time. Thanks for the reminder, anyway.
 
Ditch,

Thanks for sharing your idea, but I'm having a little trouble understanding the entries. I have a chart set up exactly how yours is, but I still don't understand what the entry is. Your 2 stochastic indicators might be throwing me off. I don't know how your using each of them, although I see they both have the same setting.

I know you explained what the entry is, but I can't follow it on the chart.

Sorry,

ROCK
 
Quote from ROCK SOLID:

Ditch,

Thanks for sharing your idea, but I'm having a little trouble understanding the entries. I have a chart set up exactly how yours is, but I still don't understand what the entry is. Your 2 stochastic indicators might be throwing me off. I don't know how your using each of them, although I see they both have the same setting.

I know you explained what the entry is, but I can't follow it on the chart.

Sorry,

ROCK
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some entry points
 

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Quote from Ditch:

some entry points
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Thanks, Ditch. I think I understand now. I do have another question though. On your last chart, around 21:21, some red price bars go up into your upper channel and bb. This looks like it would have been a short entry for you that turned into a loss. I'm just curious if you would have taken that short entry, and if so, would you have just taken the 1 point loss? I'm wondering if you would have seen something that I don't, in order to not take that short.

Thanks,

ROCK
 
Quote from ROCK SOLID:


Thanks, Ditch. I think I understand now. I do have another question though. On your last chart, around 21:21, some red price bars go up into your upper channel and bb. This looks like it would have been a short entry for you that turned into a loss. I'm just curious if you would have taken that short entry, and if so, would you have just taken the 1 point loss? I'm wondering if you would have seen something that I don't, in order to not take that short.

Thanks,

ROCK
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One way to avoid that loser is to wait for the spread to start fallling before you take a short, This of course has a drawback, because this can cause you to enter after price has rebounded from the donchian channel or bb. in general when its's the first or second retracement in a trend i enter upon touch of bb/donchian. when its the third are higher retracement i wait for confirmation of the spread. I was trading during that time and i remember i didn't take it because it moved up so fast. i did take a long at 21:29 that i closed at Be. Often the market moves so fast that you can't take all the trades that show up on the chart, but that 's no problem. this setup is bound to show up at least 4 times/hour. If you study this chart well, you will see other setups as well, that together with this one can give you upto 10 trades an hour in this time frame.
 
Quote from Ditch:

Lately a lot of people are having a hard time. I don't mean to piss anybody off, the money is just there for the taking. take a look at the attached chart. Plotted are a stochastic (7,4,10), bollinger bands (8, 1.8) and donchian channel. here's the setup, buy pullbacks to the opposite bollinger band and the donchian channel within the trend. The trend is determined by the slow stochastic. exit at a profit of 2 pts. Friday this setup would have given you 14 pts in 2 hrs of chop, in a period that i picked at random. With some discretion even more protible trades could have been taken. this is a very simple system, that a kid of 12 can trade. so ask yourself, why can't you?
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LOL. Buddy, if you want to make this type of hard*** statement then you'd better put up or shut up: This is a case where IMHO, nobody should bother talking to you unless you verify all of the money YOU made with whatever "big idea" you are blathering about ..... Lets see the performance of this over time and an audited financial statement of yours verifying all the profits over a couple of years.

If this technique is soo profitable and easy then why not enlist an army of 12 year olds and put them to work in your company using your capital and using this technique ? Its easy money right ?
 
Quote from Ditch:



Don't tell me getting a fill determines your edge.
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It determines mine. And I would imagine every market maker and every scalper depends on it as well.
 
Quote from CalTrader:



LOL. Buddy, if you want to make this type of hard*** statement then you'd better put up or shut up: This is a case where IMHO, nobody should bother talking to you unless you verify all of the money YOU made with whatever "big idea" you are blathering about ..... Lets see the performance of this over time and an audited financial statement of yours verifying all the profits over a couple of years.

If this technique is soo profitable and easy then why not enlist an army of 12 year olds and put them to work in your company using your capital and using this technique ? Its easy money right ?
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hey "buddy", do you why trading is so easy? because there's a lot of guys of like you in the market, that are so stupid that they can't even crasp this kind of stuff. An audited trading statement would't change that:D . Keep on trading dude, thanks for taking the opposite of my trades.
 
Quote from CalTrader:

If this technique is soo profitable and easy then why not enlist an army of 12 year olds and put them to work in your company using your capital and using this technique ? Its easy money right ?
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I agree. Trading in a choppy market is extremely easy. Trading in a trend is extremely easy. The only problem is that you don't know what kind of market you are in until it is to late.
 
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