Recent content by jgtrade

Hi TSLAP, Why don't you check back over previous months to see if there is a pattern? You could be right. I know that stock markets tend to rally at the end of the months. This is down to fund managers having to allocate cash. I have built positive expectancy trading strategies around this...

Great explanation by WklyOptions of another way to trade a trend :) Using multiple timeframes is great way to "fine tune" your entry into the bigger trend. And it works with longer and shorter time frames too. I like using pullbacks on the daily charts to get me in on the longer weekly trend...

Yes that's exactly what I mean. The idea is you are getting in on a breakout of new highs into a decent uptrend. If the momentum stalls and prices fall back below the breakout then cut your losses quickly and look for opportunities elsewhere. It reminds me a lot of a strategy called the 'box...

I am also a big fan of an ATR multiple based stop timsk. I like it because it takes into account the volatility of each individual instrument you trade. It also gives you a consistent approach to setting the stop loss in the first place rather than looking for more random technical point. I...

Be careful about trying to raise your stop loss to break even too quickly as you don't want it to be hit just by market noise. Another useful way to break even when the trade is moving in your favour is to take profits on part of your position. For example, if you bought in at 100p, and...

"Maybe i woudl be better using teh same exit ebverytime though to avoid any stresses in selecting teh exit." My best advice would be to know exactly what indicator you're going to use to exit the trade BEFORE you even get in the trade. You should keep the exit strategies consistent until you...

An indicator I like to use is ADX. It's used to measure the strength of a trend. Seeing as you are trend following and want to stay in the trend as long as it's strong then an exit could be when ADX drops below 25 for example. You'd have to test what levels work best for the timeframes your...

I'm hoping someone can help with ProRealTime's software. I have just switched over to using their charts as StockCharts.com, which i have previously used for quite a while, have stopped supporting UK stocks. After a few initial hours setting things up, ProRealTime seems to do everything i need...