unfortunately I didn't ride this position until it hit 60 but I grabbed a decent percentage of the move.I use today's open compared to yesterday's close.
4,5 points swings are welcome as long as they are in my direction
.
My chart has no indicators so I assume a screen shot wont help.
4,5 points swings are welcome as long as they are in my direction
. My chart has no indicators so I assume a screen shot wont help.
robster970
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Took 1.25pts today. Will skype you later dude, busy doing sh1t today.
robster970
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Entered at yesterdays close for a long entry. Still in and locked in 4pts too. Might talk tomorrow, might not, week's shaping up to be v.busy.
mslcwt1
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"My chart has no indicators so I assume a screen shot wont help."
aversano,
The quote of yours above stuck in my mind and a moment ago it resurfaced.
You mentioned earlier trading gaps. Noticed today there wasn't much of one.
Then you or robster970 mentioned taking 1.25, 2, ... points.
I pulled 1 point on the drop around 11:00 am eastern us time.
Curious though how you trade w/o indicators. Volume? Your just watching price?
Can you tell when a move is getting exhausted? When one is beginning?
Any thoughts/comments would be of interest.
R U & robster970 using similar methods?
aversano,
The quote of yours above stuck in my mind and a moment ago it resurfaced.
You mentioned earlier trading gaps. Noticed today there wasn't much of one.
Then you or robster970 mentioned taking 1.25, 2, ... points.
I pulled 1 point on the drop around 11:00 am eastern us time.
Curious though how you trade w/o indicators. Volume? Your just watching price?
Can you tell when a move is getting exhausted? When one is beginning?
Any thoughts/comments would be of interest.
R U & robster970 using similar methods?
Today there wasn't much of a gap but I still decided to trade. The moment of entry is determined by the chart and T&S, I look at them very closely.
I first pick a direction of the trade then guesstimate when buyers are resisting sellers and vice versa. things are dynamic as you can imagine but this is in a nutshell.
robster970 mainly swing trades. Our only similarity is that we go long and short
I first pick a direction of the trade then guesstimate when buyers are resisting sellers and vice versa. things are dynamic as you can imagine but this is in a nutshell.
robster970 mainly swing trades. Our only similarity is that we go long and short
robster970
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robster970 mainly swing trades. Our only similarity is that we go long and short
LOL - you're right.
I only use price with no indicators. Volume confirms when there is interest but IMO is not absolute and only confirms. You get to learn to trade price with no indicators by watching the screen day after day for a long time.
Turn off all your indicators and try it on sim.............
robster970
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What timeframe do you trade?
mslcwt1
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5 minute
When you fellas trade the gap, are you expecting the gap to fill? Is that assumed a constant?
Noticed there is a gap down of about 4 1/2 pts this morning.
Only have 1 indicator now. Does that include MAs? No MAs either?
For T&S, do you just watch the orders go by or do you use some chart arrangement showing buy & sells on any given price bar?
When you fellas trade the gap, are you expecting the gap to fill? Is that assumed a constant?
Noticed there is a gap down of about 4 1/2 pts this morning.
Only have 1 indicator now. Does that include MAs? No MAs either?
For T&S, do you just watch the orders go by or do you use some chart arrangement showing buy & sells on any given price bar?
robster970
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I place limit order at the previous day's RTH close. If it doesn't fill by end of RTH then I close the position at the market about 5 mins before close.
If you're trading on a 5min timeframe you won't be swing trading then and much I would say will not make sense. I have a 200 period MA but I look at that on 1d chart
If you're trading on a 5min timeframe you won't be swing trading then and much I would say will not make sense. I have a 200 period MA but I look at that on 1d chart
robster970
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I would look at the 1h and 4h and ask if this is an opportunity to go long after a breakout
Or on the 5m - is that a double bottom (I don't count the pre-market one)?
Or on the 5m - is that a double bottom (I don't count the pre-market one)?