Two Questions For Practicing Day Traders


there isn’t a lot of price movement until after 3:30 when price forms a daily chart high. Then price retraces down to form a lower low about 3:34, then price moves back up and at about 3:42 forms a lower high. That’s the first lower low and the first lower high. It then continues down to form a second lower low about 3:45 and lower high about 3:48. I would have probably shorted at that little pullback up about 3:43 and if not, then I would have shorted on the down move from the second lower high .i have the advantage of seeing this chart after the fact, but the lower lows and lower highs would have alerted me to possible shorts in real time.

toucan
 
Great, can't wait.
why do not help others like i am doing......i am not charging or making fun of others like you.....i am discussing with others and YOU what are you doing?.AT LEAST WAIT QUIETLY AND SHUT YOUR MOUTH
 
No, 1 min charts are noise. Don't trade them. Free advice.
what is the point of making profit of 1-2 ticks? it is suicide.
even 5 min is terrible and 95% of traders UNTIL THEY ARE PROFITABLE with a longer time frame should not even dream of 5 min.
i was profitable with daily-holding for weeks and months and so decided-since i had so much time-to enter 5 min.
if you are not making money with longer time frame.......well i think you have all seen how well i am doing and how long it has taken me to come to here....more than a decade!
 
Not if you are Renaissance Tech.
This is an anonymous forum, you really don't know.

I learned a long time ago that we cannot judge some posters from what they posted or claimed. Some like to troll, some novices pretend to be experts, sometimes experts pretend to be novices..... all fun and game.

Take care.
please judge the advice like a matured human being

do not look a gift horse in the mouth......but do not jump on it in a hurry.

and mine is NOT original it is Brooks whom i love..... but 5 min should be handled in the same way you handle an crude bomb
 
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padu:

I don’t trade using 1 min charts and I don’t trade stocks. You are probably correct in that it is very hard to be profitable using 1 min charts. Having said that, there is some logic about using shorter timeframe charts to trade for smaller moves (definitely not 1-2 ticks) using more shares/contracts.

cheers
toucan
 
As I read your post, I remembered the Lotus-123 date bug that continues to exist in Excel even today. Ancient. LOL.

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When Lotus 1-2-3 was first released, the program assumed that the year 1900 was a leap year, even though it actually was not a leap year. This made it easier for the program to handle leap years and caused no harm to almost all date calculations in Lotus 1-2-3.

When Microsoft Multiplan and Microsoft Excel were released, they also assumed that 1900 was a leap year. This assumption allowed Microsoft Multiplan and Microsoft Excel to use the same serial date system used by Lotus 1-2-3 and provide greater compatibility with Lotus 1-2-3. Treating 1900 as a leap year also made it easier for users to move worksheets from one program to the other.

Although it is technically possible to correct this behavior so that current versions of Microsoft Excel do not assume that 1900 is a leap year, the disadvantages of doing so outweigh the advantages.

If this behavior were to be corrected, many problems would arise, including:

  • Almost all dates in current Microsoft Excel worksheets and other documents would be decreased by one day. Correcting this shift would take considerable time and effort, especially in formulas that use dates.
  • Some functions, such as the WEEKDAY function, would return different values; this might cause formulas in worksheets to work incorrectly.
  • Correcting this behavior would break serial date compatibility between Microsoft Excel and other programs that use dates.
If the behavior remains uncorrected, only one problem occurs:

  • The WEEKDAY function returns incorrect values for dates before March 1, 1900. Because most users do not use dates before March 1, 1900, this problem is rare.
NOTE: Microsoft Excel correctly handles all other leap years, including century years that are not leap years (for example, 2100). Only the year 1900 is incorrectly handled.

https://learn.microsoft.com/en-us/office/troubleshoot/excel/wrongly-assumes-1900-is-leap-year
I started with Lotus but never knew about the 1900 issue.
 
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