Recent content by DiscoPete

I took Richard's course last year. Yes - Level 2 is very important and is very powerful at timing your entires and as Richard does, exits. 10c is fine for a stop, sometime 2c esp around whole numbers with the MMs having a lot of stock to sell/buy at these levels. I have been in many a stock -...

Just seen this pin bar on the eur/usd daily. Comes off the 22% fib and also of the ascending TL. What do we reckon? Cheers Pete

Anyone trade EBAY today? Been in and out of it, and what a move this evening 200c in 7mins! I miss Mr Charts posting on this board, he has taught me a lot and anyone following his methods, keep going as they do work!

Good trading Beyonder! I found it hard trading this evening, did anyone else? Could only manage a 7c profit from INTU, it just hovered around the low all evening but still a profit is still a profit! Shares that were at the low of the day rebounded to the mid range and shares at the high of the...

Just out of interest how did you find CNX? Was it through a scanner, news, sector etc? Also very interesting to see VLO tonight, was going to go long at break of whole number 66.00 (also the high) but UBSS was there with 13k of shares at 66.00 and it never penetrated. Without L2 i'm sure that...

Some great trades there by your relative - I hope to be doing trades like that in the near future!

Thanks leo, got a question, what was the dow doing when ebay went up 5%? Didn't have TS running so i don't know but if I was playing it I would either wait unitl dow is OS then long ebay (as per strat 3) or if dow was never OS then go long a stock that is outperforming sector. Interesting to...

No! I was just posting what grey1 posted a while back and I can remember grey1 saying that in trending days apply your own trend following system. A simple one would be if market is strong and a sector is outperforming the market then long the stock out performing that sector.

oops, forgot to say ingnore the L2 line as i think this was wrote in 2004 when Grey1 used L2 for his entries.

Will this help for a trending day? I don't think Grey1 has posted an exact entry technique, more of a skeleton on which we build on. Also the exhaustion engine should be checked to see if there is no OB signal on market/stock before going long. These are the rules of engagement in a VWAP...

Cheers grey1 your explanation helped a lot!

Grey1 excellent thread! A quick question on our favourite.....money management! Earlier in the thread you said a bad trade was if Amount risked > prob of win * amount won However leter on you gave this example: Stock A MPD possibe reward 10 C Stock B MPD possible reward 30 C Stock C MPD...

There is a system over in the moneytec thread that got a mixed reply but it seems like you fill an order book of buys or sells. Buy on the way down and sell on the way up, always adding orders as the markets goes up or down. Using a take profit of say 10pips and placing an order of buys/sell...

Hi JT! Bollinger bands are good but only in ranging markets, so you have to decide when a market is range bound or not. If the market is trending then a SAR could be used as these provide good indicators of a move and will bag you a few pips if you manage to catch the trend. With a low ADX...

Thanks for sharing the strategy, i'm sure that with experience it will become a good strategy to trade as well as being a good one for a beginner to get to grips too! Today on the GPB/USD the pivot was at 1.8245 and has traded below that today so applying the 4-point method sold the low of...