Recent content by muna580

Does it really matter to know which way the market is moving if you are day trading?

@ Si55AMG can you share those links? @TheBramble, can you post indicators for both up/down market? We have no idea if the market is going up or down.

Reading up and watching videos on the PP made things sound so easy. The examples always show, that after crossing the resistance or the PP, the price take off like a rocket, but its not always the case. I mean. for example today, with /NQU8, it crossed the R1. It was doing good, it kept going up...

I just learned that the pivot points and the other points S 1-3, and R 1-3 are just barriers. So if the price is below the PP, then PP acts like a resistance. Once it corsses the resistance, its going to take off. But I noticed its not true. If I have bought NQ today when it crossed the PP, I...

I just learned about piviot points. I am still confused though. How do I know when to buy/sell?

@TheBramble, thanks alot of the reply. I ran into Bollinger Bands just right now. But I am not really sure how to use them. They say that if the price crosses the lower band and then crosses the middle band, its a good time to buy. I took at look at Friday's graph with Bollinger Bands, and I...

I am new to the stock market and stuff... I started trading stocks about 3 months ago. Now I started futures. I want to day trade with ES and NQ contracts since the leverage of profit/loss is higher. Even if I make about $50 on a daily basis I will be happy. I know that futures is a very...

I am new to the stock market and stuff... I started trading stocks about 3 months ago. Now I started futures. I want to day trade with ES and NQ contracts since the leverage of profit/loss is higher. Even if I make about $50 on a dialy basis I will be happy. I know that futures is a very...