brutusdog
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Hello to all of you here on the technical trader forum. This is my first post here since joining and wanted firstly to say what an extensive and valuable resource this forum is and huge thanks for all the time and effort that has been put in to make it what it is.
Right down to business.
Having read extensively through the threads here I would like to put down where I’m at. I have to also add this is a revolution to my way of thinking and my view of the market so any mistakes please set me straight. Also I am primarily involved in the daytrading aspect of Grey1’s method.
Thought process.
Always primary concern is risk risk risk. Keep it controlled.
Identify market phase (trending / cycle)
Use cross time frame analysis of exhaustion engine to identify the point and direction to trade.
Trade stocks from the list that are weakest / strongest on the day and at exhaustion point.
I should also state that I am not currently running T.S so am using the basic exhaustion set up and don’t have radar screen or vwap yet.
Hence I am not actually trading in stocks but a derivative of the dow instead. Even in this very basic form what has been put on these threads and the concepts explained particularly the market phases is invaluable imho.
Thank you once again.
bd.
Right down to business.
Having read extensively through the threads here I would like to put down where I’m at. I have to also add this is a revolution to my way of thinking and my view of the market so any mistakes please set me straight. Also I am primarily involved in the daytrading aspect of Grey1’s method.
Thought process.
Always primary concern is risk risk risk. Keep it controlled.
Identify market phase (trending / cycle)
Use cross time frame analysis of exhaustion engine to identify the point and direction to trade.
Trade stocks from the list that are weakest / strongest on the day and at exhaustion point.
I should also state that I am not currently running T.S so am using the basic exhaustion set up and don’t have radar screen or vwap yet.
Hence I am not actually trading in stocks but a derivative of the dow instead. Even in this very basic form what has been put on these threads and the concepts explained particularly the market phases is invaluable imho.
Thank you once again.
bd.