Trading NASDAQ stocks with Jerry Olson & Ian Hodgson

[Jerry Olson]

I have a quiz for all the 50 000 traders in this room . Hope this generates some useful insight into the world of trading and technical analysis.

IS THERE ANY TECHNICAL ADVANTAGE GAINED BY TRADING IN A PARTICULAR TIME FRAME SUCH AS ( DAILY ,60 MIN , 10 MIN, 5MIN , 1 MIN ) or are they all a ROULETTE TABLES WITH JUST DIFFERENT DIAMETER ? ( ignore the commion Charges).


I particularly invite MR CHART to contribute ..


Grey1

Morning Grey and all


Just for my way of trading i simply use the 5 minute time frame for scalping using 3 moving averages and 3 indicators on my default chart.

If a person is swing trading then daily candle charts are the way to go for entry and exits if you ask me.

It's all conjecture since it really depends on one's current mind set. Just depends more on your time frame for a trade.

I could not scalp off a daily, nor could i swing off a 5 minute chart either.

So for all intents and purposes it's up to each trader using the tools and tactics and time frames that suit their trading goals...

see you in the room this morning... we have GDP at 8.30........................... :cheesy:

 

[BlueChip Trader]

I have a quiz for all the 50 000 traders in this room . Hope this generates some useful insight into the world of trading and technical analysis.

IS THERE ANY TECHNICAL ADVANTAGE GAINED BY TRADING IN A PARTICULAR TIME FRAME SUCH AS ( DAILY ,60 MIN , 10 MIN, 5MIN , 1 MIN ) or are they all a ROULETTE TABLES WITH JUST DIFFERENT DIAMETER ? ( ignore the commion Charges).


I particularly invite MR CHART to contribute ..


Grey1

In my view, if you dynamically adjust $ @ RISK for various time frames then there is no real technical advantage other than personal preference.

 

[samtron]

I have a quiz for all the 50 000 traders in this room . Hope this generates some useful insight into the world of trading and technical analysis.

IS THERE ANY TECHNICAL ADVANTAGE GAINED BY TRADING IN A PARTICULAR TIME FRAME SUCH AS ( DAILY ,60 MIN , 10 MIN, 5MIN , 1 MIN ) or are they all a ROULETTE TABLES WITH JUST DIFFERENT DIAMETER ? ( ignore the commion Charges).


I particularly invite MR CHART to contribute ..


Grey1

A lot of it depends on what type of trader you are, its vital to be honest with yourself. Some people may not be suited to trading the shorter time frames whilst others may not have the patience required with longer ones.

I think the common held belief is that there is more "noise" associated with shorter time frames, which I suppose is a logical conclusion to make although I am not too sure if it is correct.

 

[Jerry Olson]

The First Hours Trades Today

I wanted to show all newbie traders that trading just 500 shares per trade you can make money if you are trained technically...

here's a screen capture of my early morning trades..

my first trade was pre market long AAPL at 69.10...

http://www.buyitbuyitsellitsellit.com/OJ3.gif

i am up $755.00 for the first hour and now flat.

hope this helps...

 

[Grey1]

Another day another $$$ , Few awesome signals from VWAP engine. I think the money managemnt side of day trading is the difference between daily WIN or LOSS for all traders.

Bramble my man .. NO VANILA BREAK OUT HERE LOL

 

[Jerry Olson]

Here's The Actuall Calls In The Room

I wanted to show all newbie traders that trading just 500 shares per trade you can make money if you are trained technically...

here's a screen capture of my early morning trades..

my first trade was pre market long AAPL at 69.10...

http://www.buyitbuyitsellitsellit.com/OJ3.gif

i am up $755.00 for the first hour and now flat.

hope this helps...

=========================================================================

(6:08 AM) Paltalk: Hi everyone. All room members are a dedicated group of professional daytraders. It does not matter what your level of expertise is since we are here to help you make a living everyday. We are scalpers for now looking to make a Days Pay. Good Luck Jerry
(8:07 AM) seward: buenos dias
(8:10 AM) Trader6: Good Morning
(8:15 AM) seward: msft wacked more
(8:16 AM) dat-cat: GM
(8:27 AM) cashmarket: gm
(8:35 AM) wwwalker: gm all
(8:35 AM) wwwalker: in for a while today
(8:42 AM) BarbaraT1: HET Harrah's tgt raised to $86 from $75 at Prudential (79.95 )
(8:43 AM) BarbaraT1: MGM MGM Mirage tgt raised to $49 from $46 at Prudential (44.60 )
(8:44 AM) BarbaraT1: AZN AstraZeneca tgt raised to $58 from $53 at Prudential (55.01 )
(8:44 AM) Johnboy999: gm
JerryO3434: MORNNG ALL
(8:45 AM) KerriM: hello
JerryO3434: I AM LONG AAPL AT 69.10
(8:45 AM) BarbaraT1: MFE McAfee upgraded to Overweight from Neutral at Prudential (24.58
(8:46 AM) BarbaraT1: KLAC KLA-Tencor tgt raised to $53 from $47 at Prudential (49.16 )
(8:47 AM) BarbaraT1: RIM (RIMM) made substantial gains to strengthen its position in second place, growing at 85% and overtaking Palm (PALM) both globally and in the US mkt for the first time. During the quarter PALM posted slight growth and estimates that Treo smartphone shipments were up 44% compared to a year ago
(8:47 AM) BarbaraT1: JPM JP Morgan Chase tgt raised to $51 from $48 at Prudential (43.95
(8:47 AM) BarbaraT1: SXI Standex reports Q3 EPS $0.38 vs $0.33 in 3Q05; revs +8% to $148.5 mln (28.58 +0.12)
(8:49 AM) BarbaraT1: ANEN Anaren Microwave upgraded to Buy from Neutral at Pac Growth (17.96 )\
(8:49 AM) BarbaraT1: PGI Premiere Glbl Svcs downgraded to Hold from Buy at Stanford Group (7.88 )
(8:53 AM) BarbaraT1: BPOP Popular Inc: Agreement between BPOP and Grupo Cuscatlan will not be completed (21.16 )
(8:53 AM) BarbaraT1: CSGP CoStar Group tgt raised to $63 from $53 at Needham (56.88
(8:54 AM) karin_60: good morning y'all
(8:55 AM) BarbaraT1: CSGP CoStar Group tgt raised to $63 from $53 at Needham (56.88
(8:55 AM) BarbaraT1: MET MetLife tgt raised to $64 from $60 at BofA (51.74
(8:55 AM) seward: good GDP #s +4.8%
(8:55 AM) seward: sound?
(9:04 AM) BarbaraT1: BOBE Bob Evans initiated with an Outperform at Avondale- tgt $34 (28.54 )
(9:04 AM) BarbaraT1: HANS Hansen Natural: Survey shows impressive distribution gains for HANS - Longbow (136.00 )
(9:04 AM) mr moto_1: gm
JerryO3434: CURRENTLY LONG AAPL AT 69.10
(9:04 AM) Woolly Bully: gm
(9:04 AM) TraderShark: gm
(9:05 AM) BarbaraT1: AMKR Amkor downgraded to Sell at Amtech
(9:05 AM) BarbaraT1: CNX CONSOL Energy upgraded to Strong Buy from Outperform at Raymond James on valuation (83.11 )
(9:05 AM) BarbaraT1: TSM Taiwan Semi downgraded to Sell at Amtech
(9:06 AM) BarbaraT1: MFE McAfee tgt raised to $29 from $27 at WR Hambrecht following earnings (24.58 )
(9:06 AM) BarbaraT1: Nanophase Tech-NANX Q1 results could cause stock to stabilize-Hold@HAMR
JerryO3434: NO STOPS AAPL
(9:07 AM) BarbaraT1: WDC Western Digital: Concerned about June quarter - Kaufman (19.75
(9:08 AM) seward: any sound?
JerryO3434: YES
(9:08 AM) seward: ok, ihear u
(9:08 AM) BarbaraT1: SIVB Silicon Vlly Banc downgraded to Hold from Buy at Sanders Morris Harris- based on valuation (53.90 )
JerryO3434: BKX
JerryO3434: INDEX
JerryO3434: C
(9:09 AM) BarbaraT1: SIVB Silicon Vlly Banc downgraded to Hold from Buy at Sanders Morris Harris- based on valuation (53.90 )
JerryO3434: RACK
JerryO3434: AKAM
JerryO3434: 525
(9:13 AM) BarbaraT1: ANST Ansoft initiated with a Outperform at Boenning and Scattergood (42.59 )
JerryO3434: mrec
JerryO3434: MERC
(9:14 AM) mercalex: y
(9:14 AM) BarbaraT1: CRM Salesforce.com started with a Buy at Wedbush Morgan, tgt $42 (35.30 )
(9:14 AM) mercalex: ok--i'll try
(9:15 AM) BarbaraT1: OPWV Openwave downgraded to Buy from Strong Buy at Wedbush Morgan, tgt goes to $26 from $27 (20.51 )
(9:16 AM) BarbaraT1: CCMP Cabot Micro upgraded to Buy from Neutal at Longbow- tgt $40 (31.93 )
(9:19 AM) Dan-NY: guys is anybody posting or is my paltalk again?
(9:19 AM) Dan-NY: yes
(9:20 AM) Dan-NY: Thank u
(9:20 AM) cabtrader: I have to restart paltalk also 10 times per day
(9:20 AM) Dan-NY: no
(9:20 AM) BarbaraT1: CACS Carrier Access upgraded Accumulate from Neutral at Craig Hallum (8.15 )
(9:20 AM) cabtrader: always losing the voice
(9:20 AM) Dan-NY: now I see
(9:20 AM) Dan-NY: 5 times this morning
(9:20 AM) ian_h: gm all
(9:20 AM) itsmevu_: gm
(9:21 AM) cabtrader: hi ian, long time
(9:21 AM) ian_h: yes
(9:23 AM) Johnboy999: got got to 54 last night ah
(9:23 AM) Johnboy999: rack got
(9:25 AM) BarbaraT1: TUNE Microtune: Cable business provides near-term upside - WR Hambrecht (6.56 )
(9:26 AM) BarbaraT1: OSTK prelim ($0.82) vs ($0.63) Reuters consensus, ($0.64) First Call; revs $180.2 mln vs $186.62 mln Reuters consensus
JerryO3434: ISRG
JerryO3434: MRVL
(9:29 AM) BarbaraT1: OVRL Overland Storage upgraded to Outperform from Sector Perform at RBC - tgt $10 (8.01 )
(9:29 AM) bocarat: aapl looking good
(9:30 AM) BarbaraT1: DECK Deckers Outdoor tgt raised to $40 from $35 at RBC (42.07
(9:30 AM) BarbaraT1: DECK Deckers Outdoor tgt raised to $40 from $35 at RBC (42.07
(9:30 AM) Earl the Pearl: ding ding TGIF everybody!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
(9:30 AM) BarbaraT1: WDC Western Digital upgraded to Buy from Accumulate at Craig Hallum following earnings; tgt goes to $27 from $25 (19.75 )
(9:30 AM) II VWAP II: alo alo alo boys and girls
(9:30 AM) bocarat: out aapl .30
(9:31 AM) II VWAP II: jerry my man
(9:31 AM) Dean Wormer: Jer, what did you think of the KLAC report yesterday?
(9:32 AM) seward: from 69 even
(9:32 AM) fst415: semis looking good
(9:32 AM) fst415: BRCM!
JerryO3434: SOLD AAPL AT 69.57
(9:33 AM) Dan-NY: +48 AAPL Thank u
(9:33 AM) bocarat: ty for Rack too Jer out +.25
(9:33 AM) ian_h: sndk big move
JerryO3434: RACK
JerryO3434: LONG AAPL AT 69.45
JerryO3434: SOLD AAPL AT 69.80
(9:38 AM) dancer1937: appl+ .20and .25
(9:38 AM) ian_h: y, sold at 92
(9:39 AM) Dan-NY: i was in MRVL out =10
(9:39 AM) Dean Wormer: i'm still in AAPL
(9:39 AM) Dean Wormer: stop at .90
(9:39 AM) Dean Wormer: out AAPL at .90 for +.35
(9:40 AM) Dean Wormer: good call, Jer!
(9:40 AM) ian_h: yest high AAPL 69.86 taken out
(9:42 AM) BarbaraT1: Treasury Sec Snow appears on CNBC, says he hopes high energy costs are wake up call to Congress to move on ANWAR, move on clean coal
(9:42 AM) Dean Wormer: Jer, do you still see $70ish for GOOG in the next few week because it just keeping dropping
(9:42 AM) Dean Wormer: $470ish
JerryO3434: LONG AAPL AT 69.98
(9:44 AM) fst415: KLAC
(9:44 AM) BarbaraT1: LNDC Landec: Hearing stock downgraded at boutique firm (8.90 -0.22)
(9:44 AM) ian_h: AAPL a 70 buck stock again!
(9:45 AM) BarbaraT1: LNDC Landec: Hearing stock downgraded at boutique firm (8.90 -0.22)'
(9:45 AM) BarbaraT1: LNDC Landec: Hearing stock downgraded at boutique firm (8.90 -0.22)
(9:45 AM) cravada: ian it's a beautiful thing;---))
(9:45 AM) KerriM: out aapl .20
(9:45 AM) BarbaraT1: SMH Semiconductors Hldrs Trust rebounds back to positive ground after weaker start (38.02 +0.02
(9:45 AM) ian_h: nice call Jer
JerryO3434: SOLD AAPL AT 70.19
(9:45 AM) Dan-NY: it is never early Jerr as u say all the time
(9:45 AM) dancer1937: appl + .20
(9:46 AM) BarbaraT1: MSFT getting killed
(9:46 AM) cravada: you?? weak sister huh
(9:46 AM) BarbaraT1: BAC Bank of America extends its recent upside momentum above yesterday's high of 49.18 (49.35 +0.31)
(9:46 AM) BarbaraT1: I need coffee -- msft killing me .. make that valium brb
(9:46 AM) cravada: Barb, you're long? don't tell me
(9:47 AM) II VWAP II: msft oscaillates too much instead of trend not my cup of tea
(9:47 AM) ian_h: n
(9:47 AM) bocarat: y
(9:47 AM) easyeddie: y
(9:47 AM) dancer1937: y
(9:47 AM) truenorth1: y
(9:47 AM) devpsych: y
(9:47 AM) freedom_1000: y
(9:47 AM) fst415: i did
(9:47 AM) II VWAP II: not me
(9:47 AM) BSilvey: y
(9:47 AM) KerriM: y - @ .97
(9:47 AM) kirke-01: y
(9:47 AM) wwwalker: jerry i di d mrvl this am ...
(9:47 AM) dancer1937: aapl 3 for 3
(9:47 AM) BarbaraT1: Mich Sentiment-Rev. 87.4 vs 89 consensus
(9:47 AM) ian_h: too close to the big number for me! How wrong was i?
(9:48 AM) MMags1999: gm Jer
(9:48 AM) ian_h: and 300 cci
(9:48 AM) MMags1999: forgot to poat
(9:48 AM) MMags1999: I was with you on the aapl
(9:48 AM) MMags1999: went in at 69.95 sold at 70.23
(9:48 AM) seward: NTRI lod
(9:48 AM) Dan-NY: with 100 shares too
(9:49 AM) Dan-NY: 3/3
(9:49 AM) Dan-NY: 70$
(9:49 AM) ian_h: he is the man!
(9:49 AM) ian_h: sndk 64.00
JerryO3434: SNDK ROLLING
JerryO3434: ISRG
(9:51 AM) sreno: KLAC running HOD
(9:52 AM) MMags1999: Jer. I went back in aapl on the pull back 70.19
(9:52 AM) MMags1999: just now
(9:52 AM) Trade-ideas: sorry
(9:53 AM) Trade-ideas: Greetings all!
(9:53 AM) bocarat: hi david
(9:53 AM) scottmarket: hey David
(9:53 AM) itsmevu_: helloooooo
(9:53 AM) easyeddie: hi
(9:53 AM) Trade-ideas: Options Friday - let's all hold hands
(9:53 AM) ferniee3: hiya David,,,,good to cya :>
(9:53 AM) Trade-ideas: you too fernieeeeeeeeeee!
(9:53 AM) Trade-ideas: hi all
(9:53 AM) Trader6: Hi
(9:54 AM) MMags1999: out at .28 Jer
(9:54 AM) MMags1999: took the .09
(9:54 AM) MMags1999: I know...but wanted to be safe
JerryO3434: long aapl at 70.36
(9:55 AM) BarbaraT1: MSFT Microsoft vacillating on both sides of its previous 52-wk low from Oct at 24.25 (24.37 -2.88)
(9:55 AM) BarbaraT1: OIH Oil Service HOLDRS Trust near session high, eyeing yesterday's high of 159.08 (158.50 +3.50)
JerryO3434: NO STOP AAPL
(9:56 AM) BarbaraT1: GOOG Google at session high, next level of interest at yesterday's high of 426.91, followed by the 430.00 area (421.60 +1.57)
(9:57 AM) BarbaraT1: BTU Peabody Energy edges above yesterday's high of 62.11 (62.49 +1.63)
JerryO3434: RACK HOD
(9:58 AM) BarbaraT1: OXY Occidental Petro sets new session low after edging under opening range low of 102.19... Next level of interest at 101.35 (102.10 +0.75
(9:58 AM) Trade-ideas: 9:54:54 SINA Running up: +0.17 in 48 seconds
(9:58 AM) BarbaraT1: SNDK going
(9:59 AM) scottmarket: SLV silver etf trading today
JerryO3434: 10 AM REVERSAL
(10:00 AM) Dean Wormer: Look at GOOG, JEr - filled that gap with military precision and has taken off
(10:00 AM) BarbaraT1: CRDN 50 Day-Alert -- Ceradyne vacillating near it 50 day ema at 52.26 after minor penetration (53.27 -1.36)
(10:00 AM) II VWAP II: OMG my screen froze had to rebbot
(10:00 AM) Trade-ideas: 9:59:56 RACK New High: +0.01. Next resistance 50.80 from 4/25/2006.
(10:01 AM) BarbaraT1: Chicago PMI 57.2 vs 58 consensus
(10:01 AM) Trade-ideas: RACK-ka-boom
(10:01 AM) BarbaraT1: HAL Halliburton climbs higher intraday towards yesterday's high of 78.59 (78.39 +1.41) -
(10:02 AM) Trade-ideas: 10:01:49 TRID Opening range breakdown. (30 minutes)
(10:03 AM) BarbaraT1: PDE Pride Intl starting to rally out of its 3-day pullback off the April high of 36.65 (35.46 +0.69
(10:03 AM) brownbear_1: trin ok at .80 tick +594
(10:03 AM) BarbaraT1: TIE Titanium Metals pushes higher off its opening to challenge yesterday's high at 70.49 (70.24 +2.63
(10:04 AM) Trade-ideas: 10:03:59 AAPL New High: +0.02. Next resistance 70.93 from 4/10/2006
(10:04 AM) Dan-NY: AAPL
(10:04 AM) MMags1999: jer
(10:04 AM) BarbaraT1: ]
(10:04 AM) ian_h: aapl
(10:04 AM) BarbaraT1: HANS Hansen Natural at session low, eyeing yesterday's low of 132.11... Note its 20 ema is at 129.96 (134.06 +1.94)
(10:04 AM) ian_h: and sndk
(10:04 AM) MMags1999: look at appl now!
(10:04 AM) Trade-ideas: 10:04:19 VSEA New High: +0.03. Next resistance 33.16 from 2/23/2006.
(10:04 AM) Trade-ideas: 10:04:26 SNDK New High: +0.01. Next resistance 65.79 from 4/20/2006.
(10:05 AM) Trade-ideas: 10:05:28 VSEA New High: +0.04. Next resistance 33.16 from 2/23/2006.
(10:07 AM) ian_h: David, are you typing this in?
(10:07 AM) KerriM: another .20 on aapl at .60
(10:07 AM) Trade-ideas: copy and pasting
JerryO3434: SOLD AAPL AT 70.58
(10:07 AM) BarbaraT1: ISRG Intuitive Surgical notches new session high of 124.22, stalls slightly below Feb gap bottom and Dec high at 124.55/124.78 (123.49 +20.32
(10:08 AM) dancer1937: y
(10:08 AM) Dan-NY: y
(10:08 AM) kirke-01: y
(10:08 AM) raynewman: y
(10:08 AM) ian_h: y
(10:08 AM) fst415: y
(10:08 AM) brownbear_1: your 34sma showing 1313.90 - jer ??
(10:08 AM) Woolly Bully: Y
(10:08 AM) ian_h: LOL
(10:08 AM) KerriM: y - 2 trades on aapl so far...still holding calls too
(10:08 AM) ian_h: u mean 15 from 16?
(10:08 AM) Earl the Pearl: lol
(10:08 AM) karin_60: sold aapl $11.05
(10:08 AM) karin_60: sorry
(10:08 AM) karin_60: 1.05
JerryO3434: IN AAPL AT 70.87
(10:10 AM) BarbaraT1: LEND Accredited Home Lenders at session high, edgeing above yesterday's high of 56.45... Next level of interest at 52 week high of 57.12 (56.52 +0.32
(10:10 AM) cravada: selling the AAPL swing here from 66.64 for 4+ tyvm
(10:11 AM) karin_60: don't answer
(10:11 AM) bocarat: or answer pms
(10:11 AM) scottmarket: I let it ring lol
(10:11 AM) mplsrmt: sndk
(10:12 AM) devpsych: MRVL hod
(10:12 AM) Trade-ideas: 10:12:13 MRVL New High: +0.01. Next resistance 60.70 from 4/21/2006.
(10:12 AM) Trade-ideas: 10:12:10 AMMD New High: +0.01. Next resistance 23.19 from 3/24/2006.
(10:13 AM) cabtrader: tzoo
JerryO3434: http://www.buyitbuyitsellitsellit.com/OJ1.gif
(10:13 AM) cravada: wtggg jerr, you're really getting good at this
(10:13 AM) Trade-ideas: 10:13:25 AAPL New High: +0.01. Next resistance 71.21 from 4/7/2006.
(10:13 AM) cravada: headed out...have a great w/e.
(10:13 AM) cabtrader: +.040 tzoo
(10:13 AM) Trade-ideas: 10:13:46 SNDK New High: +0.01. Next resistance 65.79 from 4/20/2006.
(10:14 AM) Trader6: MRVL steady up
(10:14 AM) Trade-ideas: problem with what?
(10:15 AM) scottmarket: no problems on IB here
(10:15 AM) BarbaraT1: ATW Atwood Oceanics Announces Contract for ATWOOD SOUTHERN CROSS (54.64 +2.05)
(10:15 AM) brownbear_1: upgraded yesterday - no problems here
(10:15 AM) BarbaraT1: ELNK EarthLink: Most compelling small cap risk/reward propositions in the internet sector over the next 2-3 yrs - Credit Suisse (9.24 +0.41
(10:15 AM) II VWAP II: OMGGGGGGGGGGGGGGG
(10:15 AM) fst415: BRCM breaking out
(10:15 AM) II VWAP II: must be me then
(10:16 AM) BarbaraT1: NVDA NVIDIA breaks above its morning range top at 29.45 to challenge its 2-week highs around 29.50/29.64 (29.49 +0.32
(10:17 AM) Trade-ideas: 10:16:59 RACK New High: +0.01. Next resistance 50.80 from 4/25/2006.
(10:17 AM) BarbaraT1: SPY S&P SPDRs extends higher intraday above yesterday's high of 131.63 (131.59 +0.56
(10:18 AM) cabtrader: yeah
(10:20 AM) cabtrader:
(10:20 AM) MMags1999: Jer: Do you have a sore throat at the end fo the day??
(10:20 AM) MMags1999: lol
(10:20 AM) MMags1999:
JerryO3434: SOLD APAL AT 71.05
JerryO3434: RACK
(10:21 AM) Trade-ideas: who knew AAPLs fell upward from the tree ??
JerryO3434: UP $755.00 FOR THE DAY
JerryO3434: TRADING JUST 500 CSHARES
(10:22 AM) BarbaraT1: getting coffee ...
(10:23 AM) Trade-ideas: 10:23:29 CYMI New High: +0.02. Next resistance 52.89 from 4/27/2006
(10:23 AM) gjeinc100: jer lol, rack rack rack rack, oh man fell off my chair, super trading jerry, did 2 aapls nice job!
(10:24 AM) Trade-ideas: 10:24:00 VRTX Quadruple bottom. Prices: 35.848, 35.843, 35.853, 35.76. Started 22 hours 45 minutes ago. Last turn 19 minutes 3 seconds ago.
(10:24 AM) Trade-ideas: 10:24:10 AAPL New High: +0.01. Next resistance 72.05 from 4/6/2006.
(10:24 AM) karin_60: .43 on appl
(10:24 AM) ian_h: brcm hod
(10:24 AM) Trade-ideas: 10:24:16 LUFK Opening range breakdown. (30 minutes)
(10:24 AM) Dan-NY: BRCm hod
(10:24 AM) karin_60: patience
(10:24 AM) ian_h: some buyers out there this am
(10:25 AM) mplsrmt: sndk
(10:25 AM) mplsrmt: hod
(10:25 AM) Trade-ideas: 10:25:09 SNDK New High: +0.01. Next resistance 65.79 from 4/20/2006
(10:26 AM) tdelia: I paper traded RACK, AAPL, & ISRG this morning, 100 shares each, made 100, 100, and 157 - should have gone with 500 shares!!! gotta get the kids off!!! talk later!
(10:27 AM) BarbaraT1: MNRO Monro Muffler Receives Bankruptcy Court Approval to Acquire ProCare Automotive Service Solutions (35.51 +.01)
(10:28 AM) Earl the Pearl: SNDK new Highs man oh man
(10:28 AM) tdelia: I am trying slowly but surely - I am SOOOOOO conservative when it comes to $
(10:29 AM) Trade-ideas: salut
(10:30 AM) tdelia: I am comfortable w/100 for now! I will tell him you say hello, and have a great day all!!!
(10:30 AM) tdelia: You, too
(10:31 AM) Trade-ideas: 10:27:24 PLXS Inverted head and shoulders. Prices: 42.48, 42.61, 42.36, 42.59, 42.50. Started 17 minutes 52 seconds ago. Last turn 67 seconds ago.
(10:31 AM) Trade-ideas: workin it, workin it
(10:32 AM) Trade-ideas: ok
(10:32 AM) Trade-ideas: 10:32:13 MICC New High: +0.11.
(10:32 AM) Trade-ideas: whoa
(10:33 AM) Trade-ideas: 10:33:18 NKTR Running up: +0.11 in 60 seconds
(10:35 AM) scottmarket: yep
(10:35 AM) Trade-ideas: this MICC just went 50 cents in 2 minutes - sick
(10:36 AM) scottmarket: I was in it from yesterday and had a +.20 sell in after hours, he mentioned it and it sold mine and went up another .70 or so
(10:36 AM) scottmarket: nktr
(10:37 AM) Trade-ideas: 10:37:05 NICE New High: +0.02.
(10:38 AM) MrStock1: y
(10:38 AM) devpsych: played AAPL & MRVL + .97
(10:39 AM) ian_h: AAPL only for me +53
(10:40 AM) BarbaraT1: EBAY eBay - - Reversal Alert (34.55 -0.18)
(10:40 AM) dancer1937: only trading 200 shares and still made $170
JerryO3434: rimm
(10:45 AM) BarbaraT1: DRIV Digital River sets new session low on an increase in volume, next level of interest at 42.56, followed by 42.17 (43.43 -3.57)
JerryO3434: RIMM
JerryO3434: VERY STRONG
(10:47 AM) hunt77: mornin all
(10:47 AM) BarbaraT1: GROW U.S. Global Investors breaks out to new 52-week high (20.77 +0.99)
(10:48 AM) devpsych: How about MRVL?
(10:48 AM) BarbaraT1: WEBX WebEx at session high, eyeing April/52 week high of 35.55 (35.48 +1.89)
(10:48 AM) BarbaraT1: ORCT Orckit Comms downgraded to Mkt Perform at CE Unterberg (16.39 +0.15)

 

[frugi]

Interesting question regarding time frames Grey1.

Perhaps the answer is not a general rule (e.g LONG is much better than / equally as good as / absolutely shocking compared to SHORT) but specific to the current situation.

There may be an advantage to trading from one particular time frame (with an eye on those around it too, of course) while the dominant pulse is easiest to read in that time frame. There are times when fine detail may give the best view (e.g. during extreme volatility such as post FOMC, NFP etc.) and others when more distance reveals the cleanest waves. (I apologise for having said that about ten times already on this site )

Technically it is easier to predict what is likely to happen a short time away than a long time away. There is less time for surprises. So in this respect a micro time frame may offer an advantage over a longer one - higher probability trades - though the more microscopic one goes, the more commissions are incurred (assuming quick exits). But I agree with the earlier poster who said there is more money in shorter time frames. Well, there should be because one is working much harder and more frequently than, say, the position trader who puts on three or four trades a month.

On the other hand, if the market is fractal and random then mathematically there shouldn't be an advantage to any choice of wavelength, as long as position sizing etc. is scaled up or down appropriately.

Does it matter, to oversimplify hideously, if I trade off a 1 minute chart with a 5 point stop loss and 10 point target using 60 lots or off a 30 min chart with a 150 point stop loss, a 300 point target using 2 lots? Assuming I am equally proficient in both time frames then as far as my capital is concerned, no. However this ignores the vital time factor, an opportunity cost. Trader A can make several trades per day whereas Trader B clearly will not. Thus Trader A can make more money in the same time for the same risk. Frequency is good.

Also I think that because the market isn't random then some advantage is offered by the smaller fractals as I said before. But this may be just down to my psychology. I can't read an EOD chart to save my life. One man's noise is another's music, to adopt the phrase of mr marcus.

Finally who's to say one can't take a scalp off a tiny time frame that happily turns into a day trade that turns into a swing trade. If it keeps going your way then you can hang onto it for very little initial risk. In this way perhaps you make use of several time frames to your advantage, zooming and scaling out as the trade keeps running. I believe Naz does this a lot.

 

[Trade_Ideas]

Some great moves this morning including AAPL and RACK of course.

Did anyone catch the incredible up move by MICC?

Here are the technicals for it:

And don't forget the free EOD scans available for Jerry's room and everyone available from my site.

 

[Jerry Olson]

Some great moves this morning including AAPL and RACK of course.

Did anyone catch the incredible up move by MICC?

Here are the technicals for it:

And don't forget the free EOD scans available for Jerry's room and everyone available from my site.

Hi David

everyone should be using Trade Ideas...sensational tool for us traders.

nice work there pal...always good to see you...

 

[Trader333]

I have a quiz for all the 50 000 traders in this room . Hope this generates some useful insight into the world of trading and technical analysis.

IS THERE ANY TECHNICAL ADVANTAGE GAINED BY TRADING IN A PARTICULAR TIME FRAME SUCH AS ( DAILY ,60 MIN , 10 MIN, 5MIN , 1 MIN ) or are they all a ROULETTE TABLES WITH JUST DIFFERENT DIAMETER ? ( ignore the commion Charges).


I particularly invite MR CHART to contribute ..


Grey1

In my view there is no real advantage as long as you use the appropriate position size relative to starting capital and ATR in the timeframe that you are trading.


Paul

 

[Grey1]

I am going to answer my Quiz. Awesome contributions by Chicken curry , Frugi , specially blue chip .

Blue chip you are spot on

The quiz was if there is any advantage gained in using a particular time frame . In another word is 5 min better than 1 min and so on . The answer is NOT WHAT SO EVER . How ever if you used few different time frames in combination the answer is YES .. This is the principle of MULTI TIME FRAME ANALYSIS and as Frudgi correctly said since the market is not random then this principle can lead to an edge in trading .

Now.

I am going to explain what Blue chip pointed out and this is the most important aspect of risk and money management but no one on this BB specially our coaches don’t even mention it let alone apply it .

Different time frames have different volatility . Different volatility in turn means different degree of risk .. We control risk by position sizing there fore we need to apply correct pos sizing when we trade. SIMPLE … you have to remember this for the rest of your trading life. This is How you control your Risk.

SO to start the ball rolling you need to read about different ways of measuring volatility intra day . once you done that you can calculate your position size for different time frames..

The final product should be a real time position size calculator … ( please see my previous set ups on this thread and see how the pos size is calculated dynamically ) .

What is all this about ? so what if I have a dynamic calculator ?

Lets say you calculated the correct position size as follow

5 MIN chart APPL 850 ( number of shares )
3 MIN chart AAPL 1000 ( number of shares )
1 Min chart AAPl 1500 ( number of shares )

You get a BUY signal on the 5 min chart then you go long 850. you then might get a long signal on the 3 min chart then you in crease your position to 1000 and finally if you had a long signal on the 1 min chart then you increase your pos size to 1500

VISA VERSA for dumping . if you was long 1500 and 1 min went against you then you dump 500 and so on

This is called dynamic position sizing and this is what I do every day .. I invite people to wise up and learn about these things and stop chasing ENTRY /EXIT holy grail all the time ..

IS NOT AMAZING WELL RESPECTED TRADERS ON THIS SITE DODGE THIS SUBJECT .. Grrrrrrrrrrr

Pssstt no more trading for me and this is the final win


BTW those of you who find this info useful can pray for my soul. You can give your cash to coaches lol

Come on Bramble I am ready for your questions lol and you know me I am never scared of solid , well thought , logical questions that you often ask other traders .

 

[rols]

I am going to answer my Quiz. Awesome contributions by Chicken curry , Frugi , specially blue chip .

Blue chip you are spot on

The quiz was if there is any advantage gained in using a particular time frame . In another word is 5 min better than 1 min and so on . The answer is NOT WHAT SO EVER . How ever if you used few different time frames in combination the answer is YES .. This is the principle of MULTI TIME FRAME ANALYSIS and as Frudgi correctly said since the market is not random then this principle can lead to an edge in trading .

Now.

I am going to explain what Blue chip pointed out and this is the most important aspect of risk and money management but no one on this BB specially our coaches don’t even mention it let alone apply it .

Different time frames have different volatility . Different volatility in turn means different degree of risk .. We control risk by position sizing there fore we need to apply correct pos sizing when we trade. SIMPLE … you have to remember this for the rest of your trading life. This is How you control your Risk.

SO to start the ball rolling you need to read about different ways of measuring volatility intra day . once you done that you can calculate your position size for different time frames..

The final product should be a real time position size calculator … ( please see my previous set ups on this thread and see how the pos size is calculated dynamically ) .

What is all this about ? so what if I have a dynamic calculator ?

Lets say you calculated the correct position size as follow

5 MIN chart APPL 850 ( number of shares )
3 MIN chart AAPL 1000 ( number of shares )
1 Min chart AAPl 1500 ( number of shares )

You get a BUY signal on the 5 min chart then you go long 850. you then might get a long signal on the 3 min chart then you in crease your position to 1000 and finally if you had a long signal on the 1 min chart then you increase your pos size to 1500

VISA VERSA for dumping . if you was long 1500 and 1 min went against you then you dump 500 and so on

This is called dynamic position sizing and this is what I do every day .. I invite people to wise up and learn about these things and stop chasing ENTRY /EXIT holy grail all the time ..

IS NOT AMAZING WELL RESPECTED TRADERS ON THIS SITE DODGE THIS SUBJECT .. Grrrrrrrrrrr

Pssstt no more trading for me and this is the final win


BTW those of you who find this info useful can pray for my soul. You can give your cash to coaches lol

Come on Bramble I am ready for your questions lol and you know me I am never scared of solid , well thought , logical questions that you often ask other traders .

Grey

This a 5 STAR post.
You are a veritable mensch and I thank you for your time and effort.

 

[Grey1]

Paul

just saw ur post you are spot on my man

 

[samtron]

Well Done BCT-drinks on you at the next bash!

Grey1 thanks for the post.

 

[BlueChip Trader]

Well Done BCT-drinks on you at the next bash!

Grey1 thanks for the post.

Thanks Samtron. Looking forward to the next bash in Holland with Dave pretty soon I think.

 

[LevII]

Position sizing is the holy grail of trading

Different time frames have different volatility . Different volatility in turn means different degree of risk .. We control risk by position sizing there fore we need to apply correct pos sizing when we trade. SIMPLE … you have to remember this for the rest of your trading life. This is How you control your Risk..

Top post G1.

This is exactly how I size my position / swing trades but I had never considered it for intraday multiple time frame positioning or pairs.

For those who want to read about position sizing "Trade Your Way To Financial Freedom" by Van Tharp is a reasonable place to start.

"Van Tharp cuts right to the essence of professional trading: how to develop winning attitudes and approaches; how to forget trading for accuracy and trade for expectancy; how to master position sizing. If you intend to trade, you'd better know what's in this book." -- Ed Seykota

LII

 

[Grey1]

totally agree LevII .. Risk managemnt and correct postion sizing is a must This is the todays win Ma ma mia only took me few min

 

[TheBramble]

Come on Bramble I am ready for your questions lol and you know me I am never scared of solid , well thought , logical questions that you often ask other traders .

Sorry Grey1, only just seen this.

I only ask questions when there is ambiguity, lack of clarity or apparent discrepancies. Or in some cases, just plain lack of anything discernible. Being extraordinarily thick myself, it's easy for me to not understand very much at all.

But no. No questions on this one. Excellent post.

 

[Grey1]

3.30 PM and VWAP engine is out perorming any other strategy I have ever designed

 

[Grey1]

Got cought in the market sell off as I did not have time to close position in time so i lost a good chunk of the profit. I am annoyed . On the positive side i was around 80% hedged which kept me in the profit even though market went against me . All in all i am not happy . It is not matter of win now, It is matter of getting cought and feel just P***D off. Grrrrrrrrrrr

I am mentoring some one from this BB 2morrow so i might not be able trade as much as I want as once I start on Technical analysis I cannot stop yapping .