I've used it (on the free trial). Understand that it is made for long term trading. If you trade intra-day, the concept is the same but more difficult to analyze. There is a we-site called marketvolume.com that will give you charts to use while daytrading voume.
ektrader
Hi mslcwt1,
I'm glad you found some value in the set-up. Yes, you can substitute the tick chart for a 1-5 minute chart depending on how fast the market moves. The faster it moves, the lower the minutes. The reason I also use the 24MA is because I want price to give me more proof it's changing...
:clap::clap::clap:
Well, here it is guys. My trade set-up in action. I did deviate a little. Instead of the MACD being above the zero line when I went long. It was below the zero line. I decided to take the trade because I felt the S&P was at an area of exaustion (S&P). This is were your...
Hi Trader2419,
I'm a counter trend trader myself so let me offer a few words. The ADX is'nt the best tool for that.The ADX is a tool to use when you're already in a trend and need confirmation to stay in it.
I find the best way to ccounter trend trade is at the very top or very bottom of...
Mostly US Futures. The markets I trade have been trending down all day (I use a different set-up for that). I couldn't find a quality set-up for this play. I'll try again tommorrow and post it.
Ektrader
Hi fellow and want to be traders,
I figured since there are already a few trading systems on this site. I would throw my two cents into the mix and introduce one of my strategies. If it helps you, great!:clap: If you think it sucks, I can live with that too!:cool:
To all of you price action...
Im a price action trader myself but the moving averages and MACD(hourly) just give me an indication of when to start paying attention. Just my two cents.
Happy Trading
I still can't figure out why people still day trade stocks. With the availability, ease of execution, and low commissions of futures. My advice, trade futures.
ektrader
Well ,you self admittedly said that you haven't been successful at trading in the past and just for the fact you're asking the question shows your lack of confidence, so I think you should get a job to pay your bills until you have a sound profitable trading plan.
I'm sure you're intelligent...
Well, when you do realize that trading the indexes' is the way to go for daytrading. Learn to trade price action first before relying heavily on charting packages and indicators. This will GREATLY excel your learning curve. Also, be aware that you can take advantage of the volume spikes and make...
I agree with rules 1,2, and especially 3,4.
5) I'm working on that ,but I think I'm doing it right, so it's not boring:D
6) I'm a price action trader so I follow rules ,3,4 and it tends to make a lot of money.
Happy Trading
Ektrader