Sometime black magic works.
Two Questions For Practicing Day Traders
- Thread starter ironchef
- Start date
Just came across your chart.
Here's what I have loooong after the fact. Close outside Tweaked BBands (schizo
), and signals from Reversal bars, (Blue& Red), RSI(2) (Yellow) & 21 bar HiLo (Black):-Note the one to the left of Buy signal didn't close outside BBands. And the mishmash late in the trading day into the close would not have been taken for that reason.
Just came across your chart.
Here's what I have loooong after the fact. Close outside Tweaked BBands (schizo
View attachment 325331
Note the one to the left of Buy signal didn't close outside BBands. And the mishmash late in the trading day into the close would not have been taken for that reason.
!Thanks, I need to look at BB & RSI.
Another question, I switched from candles to bars a while ago based on someone's recommendations but this year decided to switch back to candles. Have you used bar and if so what is your opinion?
Here's another.
Thanks, I need to look at BB & RSI.
Simple Inside bars setups (White dot) arrows under/over bar after potential entry - based on close above/below inside bar. Some potential "easy" winners, some needing tight stop, some losers all depending on how they are executed.
edit: ignore that extraneous blue arrow down in the center.
%%
Good ;
most brokers have one, but dont use them much , not many daytrade$ make much.
AS a % of investments sometimes short term trades, OK ;
, auto out by cclose, not so much LOL
Now you are telling me%%
Good ;
most brokers have one, but dont use them much , not many daytrade$ make much.
AS a % of investments sometimes short term trades, OK ;
, auto out by cclose, not so much LOL
You convinced me that trend following is like printing $. Maybe I should go back to your trend following, swinging 50MA and 200MA like Turtles?
Have a good day Mr Turtle.
%%Now you are telling me
You convinced me that trend following is like printing $. Maybe I should go back to your trend following, swinging 50MA and 200MA like Turtles?
Have a good day Mr Turtle.
YES
read your P+L, end of day anyway also.
Like jim Cramer said Real Money [REAL Money] book;
dont buy stuff priced like Rite Aid =wrong aid LOL. In fairness, he also said ''BAC is going to $60 in a heart-beat'' dont buy a single stock like when it never went to ''$60 in a heart beat''
Every portfollio should have '' 1 oil'' jim Cramer said ,ETF anyway.
i had to change it to 1 or 2 oil stock ETFs,[not'' one oil stock'' as he said ,unquote ,my turtle personality, could day trade that ETF or 2 if desired..........
