Typically, I want to see RSI 2 period to drop to 0 and the RSI 5 period under 20. Then I put a limit order to buy at 10% lower than the previous...
I am still holding for lower price on SLV. If it doesn't happen I don't trade it.
I'll keep an eye on SLV and let you know when I would enter. I might even do a real trade on it if everything works out on it.
This one is getting ready for a nice pop. I would like for it to drop little more and become very oversold before taking it. Would jump all over...
The 59 entry would have been a break out trade and the way I would have traded it I would still be in it. I always stay in until the market forces...
Close but they don't even use MA's just price action. MA's are a viable option for exits with their system and I do like to use the 15 SMA for my...
Sorry...I couldn't help myself :) But, news does not hurt when the days are just blips. I am going back to even longer term trading now. Instead...
Be careful tomorrow with the jobs report. It has been very wierd the last few months. Bad news has made the market go sideways or up and good news...
Looking at the daily chart SLV is setting up for a nice swing trade. Would look for it to go back up to around 31 but I would like to see one more...
P.S. As much as I would like to trade this one I have closed all my positions until January. I like to start the new year with a clean slate when...
Sam Here is how I would play this for a swing trade. First, pull up a daily chart. If it opens up positive I would buy at about $59 and stay...
I haven't gone anywhere, just lurking mainly. I know from experience that you will get so much advice that you surely don't need me chiming in...
That actually looks like a good swing trade opportunity. I would wait for it start coming back up (maybe enter at about 59.00) and you should be...
Thank you. While you are studying the swing trade don't to check out the other guys I have mentioned as well. Larry Connors, Kevin Haggerty, Dr...
I get a sense that Sam here is good people and I like that. If you look at my posting history you will see that I have not posted very much in the...
Well if it aint Mr Mountain Dew himself. If it was my journal I would be happy that you not only mentioned your site but that you visited this...
The main thing to remember is this. A chart is a chart is a chart. Day trading charts react the same as swing trading and long term trend trading...
Thanks...I just don't want to hijack Sam's journal but feel free to look through my old journal. I saw that it is listed in one of the hall of...
I had to add the 30 minute chart due to my OCD. I am very compulsive about the rule of 3's. I even have to have 3 touches on my trend lines before...
Since you really like the idea of day trading it would probably help to start out looking at a daily chart to help determine which way the stock...
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