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; I made a comment recently, "I might be going long a stock in a down market, short a stock in ...

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Old Jun 25, 2018, 4:28pm   #2776
 
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Mr. Charts started this thread I made a comment recently, "I might be going long a stock in a down market, short a stock in an upmarket. It depends on the stock's behaviour."
Many people like to say you should only trade in the direction of the market, but my many years of trading for a living tell me that is certainly not always so.

Today was definitely a down day, but one of my pre-market alerts was CPB.
I decided to watch it very closely from the open. It was not any of the specific set ups I use, but the price action momentum was very strong so I bought it as soon as I could see that buying surge was there.

It produced a very quick profit of 121c per share.
As always, pointer at entry, image grab at exit.
Attached Thumbnails
25062018cpb.png  
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Old Jun 26, 2018, 11:28am   #2777
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Quote:
Originally Posted by Mr. Charts View Post
I made a comment recently, "I might be going long a stock in a down market, short a stock in an upmarket. It depends on the stock's behaviour."
Many people like to say you should only trade in the direction of the market, but my many years of trading for a living tell me that is certainly not always so.

Today was definitely a down day, but one of my pre-market alerts was CPB.
I decided to watch it very closely from the open. It was not any of the specific set ups I use, but the price action momentum was very strong so I bought it as soon as I could see that buying surge was there.

It produced a very quick profit of 121c per share.
As always, pointer at entry, image grab at exit.
Sorry but what is CPB?
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Old Jun 26, 2018, 4:20pm   #2778
 
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Mr. Charts started this thread
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Originally Posted by gtopmafia View Post
Sorry but what is CPB?
This thread is mainly about US stocks so when you want to find out the name of the company whose symbol is mentioned, just go to Google and type in CPB and you'll see it's Campbell's Soup Company.

Essentially my methods and techniques work well on very many trading instruments, but I prefer US stocks personally. They are very good imho for beginning traders who can trade in the evenings after work since the US market is open from 2.30 pm till 9 pm UK time.
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Old Jun 26, 2018, 6:13pm   #2779
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Originally Posted by Mr. Charts View Post
This thread is mainly about US stocks so when you want to find out the name of the company whose symbol is mentioned, just go to Google and type in CPB and you'll see it's Campbell's Soup Company.

Essentially my methods and techniques work well on very many trading instruments, but I prefer US stocks personally. They are very good imho for beginning traders who can trade in the evenings after work since the US market is open from 2.30 pm till 9 pm UK time.
Thanks i did actually google it but it didnt come up with anything useful / obvious, i think its because i googled CPB indicator like a melon
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Old Jun 27, 2018, 5:14pm   #2780
 
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Mr. Charts started this thread Five trades today, here are three of them.

SPY and ECA were rising candle set ups, +58c per share and -4c per share respectively. I keep the losers small.

The other was a fast momentum trade based purely on price action, similar to that CPB one, IQ +80c per share.

The two other trades were QQQ scalps.
Attached Thumbnails
27062018eca.png   27062018iq.png   27062018spy.png  

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Old Jun 28, 2018, 9:26pm   #2781
awe
Joined Apr 2010
Hi Mr. Charts,

I've only recently found this thread so apologies if you have answered this already, but which broker do you use?
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Old Jun 29, 2018, 12:49pm   #2782
 
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Originally Posted by awe View Post
Hi Mr. Charts,

I've only recently found this thread so apologies if you have answered this already, but which broker do you use?
interactivebrokers PDT account , but you can also trade cfds with them with a much smaller deposit
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Old Yesterday, 1:06pm   #2783
awe
Joined Apr 2010
Thank-you for your response. Are you still trading? Just asking given the couple of weeks that have passed on this thread with no trading related posts from you.
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Old Yesterday, 1:34pm   #2784
 
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Mr. Charts started this thread I've been trading for a living since I gave up my dental practice to trade many years ago.
I only post here intermittently.

I also have frequent holidays !
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Contributor to T2W's Trading FAQ Book
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T2W interview

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Old Yesterday, 4:30pm   #2785
 
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Mr. Charts started this thread Here is one from this afternoon using the rising candles method; picked up on my scanner when the high of the day at that time was $39.00
109c per share profit
Attached Thumbnails
17072018huya.png  
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T2W interview

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