So hello I´m back.
I have bought some new Hardware and had to work on the new PC for a while to get everything working. Now I´m happy with a pretty nice and really fast new Trading PC.
Only 2 more Monitors coming next year.
I have attached my personal window configuration with TOS. I have to say that If I had more Time and another 2 Monitors there would be more charts... .
I know not everything about the market because I´m trading since 2007 and Futures since the beginning of 2009.
Something you really should know(If you didn´t knew it already):
There are stocks who lead the market (The most of the Time) : GS is my first indicator after that APPL, and sometimes others that you find over the day.
Some indicators on my Chart are also important:
The Treasury´s when they fall the market should move up
The Treasury´s when they move up the market should fall
If not ... this could be a bubble and sometimes it bursts (Caution)
CL trading roughly in harmony with the EUR/USD forex charts. and if the EUR/USD falls the market could fall.
If the Dollar is getting weak the Market could improve as investors moving from Cash into stock, ...
Okay now to a Trading Strategy:
I do not follow a exact Strategy I would say I have my own feeling for some Strategys and when I should use they.
A good Strategy to start is follow the trend:
As you can see I have a RED SMA 5. This is for me the Trend.
If the 5SMA is pointing up ------- go long
if the 5SMA is pointing down --- go short
next thing is elloit wave ... Take a look it works sometimes very good ... otherthing comes into play, Big Volume on the bottom or Top. There you could see some good waves.
I´m going to show it on the TF Future
A good thing is( I also have read it in the NEVER LOSE AGAIN Treath(But this is too long to read in my lifetime)) to have a look at some important timeframes.
133Tick
1minute
5minute
15minute
1hour
1Day
This is a great opportunity:
All 3 SMA5 on the 5 minute chart on the NQ,ES and YM are going to point up in 30seconds( this is when we have a low on good Volume and the next 4th candle is higher than the low, so it prints a 5th candle after the 30seconds are left.)
Here are coming some Big players into game and Buying it up.
Sometimes very fast, sometimes a bit slower and sometimes not.
When not then you could easily get out or short it(dangerous).
I have only 1 chart to show it, because it cost really time to do all the charts and edit it and sample it...
this shows some good indication on only 1 future, If the overall market also feels week it is getting easier. Time also is important(Euozone is my Timeframe): at 17-18 clock noon is on and volume "should" get lower most of the time in the noontime traders going to push the markets adverse to morning direction.
I hope you understood it. If you can get into the move of the market and feel the moves weak or strong ... This is Trading
Next lessons later.
Have a nice Weekend
