Forums - Day Trading Crude without indicators.

HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US

Your Account • Become a Member • Help • Search

	Forums ›› Trading for a Living ›› Journals ›› Day Trading Crude without indicators.

Page 25 of 83: « First Page 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Last Page »

mfbreakout

Registered: Aug 2011
Posts: 1522

02-02-12 01:30 PM

02-02-2012 pre OPEN. Quote of the day.

I JUST WANT TO MAKE SURE THAT I DO NOT LAND ON SUPPLY.

2012-02-02_0819_pre_open.png
This has been downloaded 56 time(s).

Edit/Delete • Quote • Complain

mfbreakout

Registered: Aug 2011
Posts: 1522

02-02-12 01:41 PM

Quote from Frank Furter:

That chart and this chart are showing daily, weekly and monthly levels. Any values I calculate using OR I refer to as intra-day values which are not shown on this chart as I tend to only use those as confirmation of a slightly longer time frame.

We came down and hit the weekly of 96.40 almost to the tick. I believe both the weekly and monthly values will be in play today and probably again tomorrow.

Solid yellow lines weekly, red solid lines monthly levels? Which ones are daily ? Glad to see our levels are in the same area.

Weekly and monthly levels are obvious , I just do not like to assume anything.

Thx

Edit/Delete • Quote • Complain

Frank Furter

Registered: Jan 2012
Posts: 86

02-02-12 02:00 PM

Quote from mfbreakout:

Solid yellow lines weekly, red solid lines monthly levels? Which ones are daily ? Glad to see our levels are in the same area.

Thx

Sorry about that, I should have put a caption on that chart ... but daily is blue, weekly is yellow, monthly is red. I also calculate out quarterly and yearly levels but they are not in play at the current levels.

Edit/Delete • Quote • Complain

shopster

Registered: Jul 2011
Posts: 1479

02-02-12 02:01 PM

Quote from mfbreakout:

[B I just do not like to assume anything.[/B]

a very good skill to have.

there are no " old and bold traders ....."

only those who " think it might be possible for this or that to happen........"

never call the market direction and use the words " it is obvious......"

you will most certainly live to regret it.

great thread.....

s

Edit/Delete • Quote • Complain

mfbreakout

Registered: Aug 2011
Posts: 1522

02-02-12 03:09 PM

My response regarding indicators.

Hi you use no indicators?
But support and resistance is an indicator.
Supply and demand, also an indicator.

To say you use no indication at all means you just look at the price and think its going up or down for whatever reason you think.
Or you get an insider tip or something.

Thanks for the thread its interesting to read

R) You are correct. I was trying to imply traditional indicators like macd, moving averages etc.. I know some traders who use some very common indicators and do well. I just could not get my head around them.

I rely heavily on Volume- which is an indicator. My A and C reference points along with 30 days number line are indicators.

Edit/Delete • Quote • Complain

mfbreakout

Registered: Aug 2011
Posts: 1522

02-02-12 03:19 PM

Quote from mfbreakout:

02-02-2012 pre OPEN. Quote of the day.

I JUST WANT TO MAKE SURE THAT I DO NOT LAND ON SUPPLY.

No direction since 9 am OPEN. Took longs off 96.26 support but scalps. First long 96.42 out 96.82 , next long 96.32 out 96.84. Stop loss was 96.19

Those scalps add up.

Edit/Delete • Quote • Complain

Page 25 of 83: « First Page 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Last Page »

Receive an email whenever a new post is added to this thread by subscribing to it.

Rate This Thread:

Forum Jump:

Conduct Rules - Privacy Policy - Day Trader - Day Trader Forum - Best Trading Software - Sitemap

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures Futures Brokerage & Clearing AMP Global Clearing Futures and FX Trading Bright Trading Professional Equities Trading CTS Futures Trading Software DaytradingBias.com Professional Trading Analytics ECHOtrade Professional Trading Firm	eSignal Trading Software Provider FXCM Forex Trading Services Global Futures Futures, Options & FX Trading Interactive Brokers Pro Gateway to World Markets JC Trading Group Direct Access Trading MB Trading Direct Access Trading	MultiCharts Trading Software Provider NinjaTrader Trading Software Provider OANDA Currency Trading optionshouse Option Trading & Education Rithmic Futures Trade Execution Platform SpeedTrader Direct Access Trading	SpreadProfessor Spread Trading Instruction thinkorswim by TD Ameritrade Direct Access Trading TradersStudio System Building & Backtesting Trading Technologies Trading Software Provider Trend Following Trading Systems Provider