How To Make Money Trading The Markets.

This is a discussion on How To Make Money Trading The Markets. within the Stocks forums, part of the Markets category; OMER was on my pre-market alert list. +128c per share falling candle method....

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Old Mar 22, 2018, 5:29pm   #2761
 
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Mr. Charts started this thread OMER was on my pre-market alert list.
+128c per share falling candle method.
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Old Apr 10, 2018, 4:37pm   #2762
 
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Mr. Charts started this thread I found DAL on a scan 15 mins after market open.
My first trade was a scalp which failed and I lost -3c per share.
A little later I traded it again using the method in this thread (two out of six trades today used this method) this time on 3 minute candles.
+80c per share profit
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Old Apr 10, 2018, 4:46pm   #2763
 
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Mr. Charts started this thread Many people looking at the chart alone might ask why cover the short there when there were still falling red candles.
The reason is that I also read actual dynamic price action carefully, (beyond the scope of this thread), and that action suggested the move might well be over. Sometimes it isn't over in these circumstances, (though I'll still be profitable), but usually it is a high probability sign the move is actually coming to an end or reversing.
Here's an image of what happened after I exited.
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Old Apr 25, 2018, 4:38pm   #2764
 
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Mr. Charts started this thread My old friend BABA yet again.
+120c per share profit
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Old Apr 27, 2018, 5:01pm   #2765
 
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Mr. Charts started this thread Nine trades today, two using the method in this thread.
MU pre-market alert +104c per share
CVS during market scan +22c per share
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Old Apr 27, 2018, 5:08pm   #2766
 
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Mr. Charts started this thread Same exit reasons as mentioned three posts back.
All trades, winners and losers on my blog.

I exited CVS extremely close to the high of the day.
I traded MU another three times for +33c, +18c and -8c

This is what happened to CVS after I exited.
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Old Apr 27, 2018, 5:17pm   #2767
 
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Mr. Charts started this thread CVS never moved higher.
MU bounced from the exit level.
Reading actual dynamic price action is certainly not infallible but is an extremely useful indicator of what is probably going to happen 70% to 80% of the time.
Without it, most people would have stayed in those trades because all they concern themselves with is candles, support and resistance; all valuable, but not the complete picture.
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Old May 2, 2018, 5:27pm   #2768
 
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Mr. Charts started this thread Good old BABA
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Old May 3, 2018, 4:54pm   #2769
 
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Mr. Charts started this thread And again
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Old May 4, 2018, 10:57am   #2770
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Technical charts are very useful for traders by this they can gain the overview of market. However, beginners don't have much knowledge about graphs and charts. Hence, they prefer gaining information about market.
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Old May 30, 2018, 4:47pm   #2771
 
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Mr. Charts started this thread HPQ was a pre-market alert and was the only trade I did this afternoon using this particular set up.
The stock reached a low only three cents below where I covered.
I exited because price action suggested it might stall or reverse/bounce
5 trades this afternoon, 3 wins, 2 very small losers.
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Old May 30, 2018, 8:08pm   #2772
 
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Home Made Software

If you are into charts. Please give me feedback on my homemade charts Stock/Options Combo. I would appreciated it

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Old Jun 1, 2018, 7:19am   #2773
 
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Quote:
Originally Posted by Mr. Charts View Post
HPQ was a pre-market alert and was the only trade I did this afternoon using this particular set up.
The stock reached a low only three cents below where I covered.
I exited because price action suggested it might stall or reverse/bounce
5 trades this afternoon, 3 wins, 2 very small losers.
Mr Charts,

Can you tell me if you look at the SPY and how it traded the previous day and how it is trading in the premarket?

Do you also compare stocks that traded with the SPY on the previous day and then look to see if they are not trading with the SPY in the premarket?

Does a stocks relative strength or weakness to the SPY have any bearing to you selecting it for your premarket list?

If the SPY, QQQ and BABA usually move in similar patterns when they deviate from that does that interest you to watch them more closely?

Regards,

MT
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Old Jun 4, 2018, 4:35pm   #2774
 
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Mr. Charts started this thread I'm always aware of the overall situation at any time, but when I'm trading stocks I'm trading stocks; when I'm trading an index, I'm trading an index.
I don't trade stocks which simply track an index, I'm looking for exceptional stocks, and always find them.
I might be going long a stock in a down market, short a stock in an upmarket. It depends on the stock's behaviour.
I use several other set ups in trending, ranging, grinding and bouncing conditions. The method in this thread is just one of quite a few I trade most days and weeks.
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Old Jun 22, 2018, 7:47am   #2775
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It's good that earning money in US market is easy, but at the same time trader should not forget the rules and discipline in Market.
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