Finding the trades

Hi folks,

I have been studying this trading lark for a while now and have read the trader dante thread as well as the James16 one and a couple of others. I feel confident with my knowledge and wish to concentrate on support and resistance with extra security from MA and fibonnaci.

I am definitely not a day trader and would prefer to just check the end of day data. My question is this....

Aside from trawling all the markets at the end of each day, is there a way to identify potential trades. I have seen software available but am not sure exactly how it works.

How do people go about this? :?:

Any help gratefully received.

James

UOTE=trotters101;1116538]Hi folks,

I have been studying this trading lark for a while now and have read the trader dante thread as well as the James16 one and a couple of others. I feel confident with my knowledge and wish to concentrate on support and resistance with extra security from MA and fibonnaci.

I am definitely not a day trader and would prefer to just check the end of day data. My question is this....

Aside from trawling all the markets at the end of each day, is there a way to identify potential trades. I have seen software available but am not sure exactly how it works.

How do people go about this? :?:

Any help gratefully received.

James[/QUOTE]

Try this from IG.

http://www.igindex.co.uk/spread-betting/pattern-recognition.html



Ged

That looks like a perfect starting point. However, it seems to concentrate on the lower timeframes such as 15 minute to 240 minute charts. Is there anything similar for the daily time frame?

Cheers

trotters101 said:

That looks like a perfect starting point. However, it seems to concentrate on the lower timeframes such as 15 minute to 240 minute charts. Is there anything similar for the daily time frame?

Cheers

Click to expand...

Try this one which is free End of Day.

http://www.prorealtime.com/en/

Pretty much what IG offer but you may be able to do it on the
bigger timeframes.

Ged

trotters101 said:

Hi folks,

I have been studying this trading lark for a while now and have read the trader dante thread as well as the James16 one and a couple of others. I feel confident with my knowledge and wish to concentrate on support and resistance with extra security from MA and fibonnaci.

I am definitely not a day trader and would prefer to just check the end of day data. My question is this....

Aside from trawling all the markets at the end of each day, is there a way to identify potential trades. I have seen software available but am not sure exactly how it works.

How do people go about this? :?:

Any help gratefully received.

James

Click to expand...

just set a price alert indicator to levels you are interested in .