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; Originally Posted by Mr. Charts I can't tell you that because they will ban me for advertising ! You could ...

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Old Dec 2, 2013, 4:59pm   #2151
 
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Originally Posted by Mr. Charts View Post
I can't tell you that because they will ban me for advertising !
You could google my real name or my nick or PM or email me.
Richard
re the comments above... funny how Im just looking through the site seeing whats cooking and there are plenty of Ads that arent banned... funny how the treatment is still skewed.

Thought I would pop past and see your old thread... nice to see if still going strong... this one has been going uber strong for years..
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Old Dec 2, 2013, 5:18pm   #2152
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. . . funny how the treatment is still skewed.
Nothing skewed about it at all Phil - it's simply a case of no one spotting the ad' (or whatever) and, those that do, don't bother to report it. The Mods don't have the time - let alone the inclination (as they're unpaid volunteers) - to spend every waking hour trawling the boards on the off-chance they'll stumble across an ad' or a vendor without a badge etc. If you see 'em, report 'em, it's that simple!

Tim.
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Old Dec 2, 2013, 5:49pm   #2153
 
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Mr. Charts started this thread
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Originally Posted by Newtron Bomb View Post
re the comments above... funny how Im just looking through the site seeing whats cooking and there are plenty of Ads that arent banned... funny how the treatment is still skewed.

Thought I would pop past and see your old thread... nice to see if still going strong... this one has been going uber strong for years..
Some methods just keep on working

I used to report the scammers and blatant adverts (and nastiness when directed at other people) but don't any longer.
There was a guy recently who had an ad in his avatar and his charging web site in his signature and posted very frequently. He also kept advising people to google his web site and also didn't have a vendor badge.
After I'd reported it a few times over a few days he was still allowed to continue so I said (as I'd done on other occasions) that if I had advertised like that I'd have been banned. The mod replied telling me not to complain when I reported a post.
The mod was obviously irritated by my complaint so I thought why should I bother reporting scammers and blatant adverts which were allowed to continue for many days when I got that sort of response. I understand the shortage of mods, but I felt justified when repeated reports were not acted upon.
So, no more reports from me.
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Last edited by Mr. Charts; Dec 2, 2013 at 5:52pm.
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Old Dec 2, 2013, 6:07pm   #2154
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So, no more reports from me.
Hi Richard,
Generally, the Mods are a good bunch who do their level best. Sure, they get it wrong sometimes (they're only human after all), and it sounds like they did so in your case. (Perhaps there was some personal 'history' between you and the Mod' concerned?) However, as I said to Phil, please keep in mind that they are unpaid volunteers and if old timers like you take the approach that you have - and post it publicly for all to read - then new members joining might follow your lead. And that would be a crying shame.

If it's any consolation, I've had more than one bad experience with Mods myself in days gone by. It's going to happen to anyone who has been around T2W as long as we have. Even so, I report posts on a daily basis because I have faith in the system and see first hand what a great job (generally) that they do. So, please reconsider your position on this. Failing that, please don't encourage others to follow your lead!

Tim.
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Old Dec 2, 2013, 6:15pm   #2155
 
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Originally Posted by Newtron Bomb View Post
re the comments above... funny how Im just looking through the site seeing whats cooking and there are plenty of Ads that arent banned... funny how the treatment is still skewed.

Thought I would pop past and see your old thread... nice to see if still going strong... this one has been going uber strong for years..
Well, since you brought up the topic, you shouldn't really have that link to youtube in your signature, as it links to an account which links directly to your vendor site. So that's a breach. I don't see how you can complain about skewed treatment when it is probably skewed in your favour. Rather than report it and give the mods more work, I thought it better to just post here.

Last edited by Shakone; Dec 2, 2013 at 6:17pm.
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Old Dec 2, 2013, 6:32pm   #2156
 
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Mr. Charts started this thread Hi timsk,
There was no "history" between that mod and myself, I clearly just bugged him by complaining that I'd be banned for advertising the way someone else was allowed to. I realise mods are not available 24/7, but in this instance it had gone on for some days and I could see that mods were reading that person's posts and had decided to do nothing.
I do not wish to discourage people from reporting breaches of t2w rules, I meant that I had been "discouraged"
Richard
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Last edited by Mr. Charts; Dec 2, 2013 at 6:32pm.
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Old Dec 2, 2013, 7:39pm   #2157
 
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4 point trend definition

hi there

do you have a description of the 4 point trend definition anywhere, to go with the pictorial you included in your post?

I'd find it helpful to understand it better

thanks




Quote:
Originally Posted by Mr. Charts View Post
Here's a brief analysis of a trade today using the method in this thread.
The stock was ANF and I found it pre-market from two sources:
1) it was a gapper,
2) the mixed Q3 guidance ahead of analyst day.

Market open and after a few minutes it created a high 'a' , then a low 'b', then a lower high 'c' , then a lower low 'd'.
This action constituted a classic four point trend definition.
This could have then moved anywhere and after that long one candle (3 minutes) plunge it was reasonable to expect some sort of bounce so I was looking for a convincing fall below 'd' with falling candles (as described many times on this thread).
When that occurred I shorted and exited as shown on the screen grab for 64c per share profit.
I traded ANF again a little later and lost 7c, again following my methodology of keeping any losers small.

This method (and most of the other ones I use) are applicable with only slight modifications to most trading instruments, FX, indices, whatever and also across most time frames so hopefully some people might find this post useful.
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Old Dec 3, 2013, 1:41am   #2158
 
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Classic short set up and execution. Well done
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Old Dec 3, 2013, 1:49am   #2159
 
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Another System I Like To Use

Whenever I have to use a manual set up for a quick trade, I use the 30 minute opening range. It is very reliable especially in trending markets. Here is how it works:

1) Just pull up a 30 mi chart of the stock that you are targeting for a trade. This should be done as soon as the market opens.

2) Wait for the first 30 minutes to elapse.

3) Draw a line at to mark the high of the 30 minute opening range

4) Draw a second line to mark the low of the 30 minute opening range.

Once the stock rises/breaks above the top of the range you can go long. Similarly, if it breaks below the low of the range, you can go short.

The main idea is that the high or low of the day is usually made in the first 30 minutes of the trading session. This is true about 78% of the times. It has been a consistent strategy especially for quick day trades.

It is not new and has been around for many decades ( probably had its genesis on the floor of the CBOT)

Its a nice quick go-to strategy. Hope this helps someone.
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Old Dec 12, 2013, 5:06pm   #2160
 
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Mr. Charts started this thread Here are my two trades in SRPT today.
There was a news story pre-market and it gapped pre-market so was on my alert list.
It set up the particular method in this thread and I went long where indicated and then exited at the time of the screen grab for a profit of 119c per share.
I could have gone long earlier but was concentrating on another trade so missed the opportunity of making more than 119c per share. When I am busy watching the stocks in my alert list and scanning for new opportunities I do sometimes miss the best entry point even if there is excellent price action, but I'm happy to get profits, especially large ones, of course.
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