i use dmi in my trading. I filter price more by stocks that are trading above their 200sma. This puts the odds even more in your favor.
The stocks you scan for will be based on how you trade. I use trade-ideas.com and I tend to look for stocks with an RSI at +70 and -30 on 60 min...
Well how is anyone supposed to trade profitably if we're just guessing with 50% accuracy about a trends direction? Why not just flip a coin then.
This is what I don't understand about trends, as originally explained, but here's a chart showing my confusion. Price breaks the swing low in...
The closest major swing low on NFLX looks like 325..? Fair to say this is still "bullish"? My problem is I see things as a "snow ball effect"...
NFLX on the daily and 15 minute.
When is a trend no longer trending? Is a 50% retracement still considered a bullish trend? What's the definitive rule on this? thanks
Traders at any of the major Wall Street firms all hold overnight. So what's the difference between a professional trader at a prop firm compared...
1. I thought only retail firms like thinkorswim make their many on commission. I though props took a % of profits traders made? 2. Why would...
I have yet to see a prop firm that lets a trader use the firms money to trade but does NOT require that they are "active" aka day traders. This...
I use a 1min, 15min, 1hr and daily when day trading. I trade gaps so the first hour is very important so I take all my trades off the 1min,...
I've been away from this forum for little over a year. What have I missed?
Maybe your having a hard time because your trading on 1 and 5min charts??... try trading a time frame thats not so volatile.
starting off again small with 120 OCN short @ 36.75 This time I'm shorting the breaks. Today is ending in the red so I hope/expect to see more...
AMZN In review: The execution on this couldn't have been worse. Bought right into the highs. Should have sold this the very next day after...
Update: Still taking classes so I havn't paid any attention to the forums. Maybe one day I can get back into this more actively. Supposed to...
usd/jpy daily http://screencast.com/t/7xGRjTvS usd/jpy daily zoomed in http://screencast.com/t/8ZfSfmfl Price has an 80% chance of hitting...
Thought I'd dig this back up and post some charts just for old time sake. The study of median lines is not very widely published or really...
Here is a perfect example! Also would like to mention that I dont pay much attention to the actual fib retracement levels. It's the extensions...
Making some changes to how I'm going to trade these "Breakouts". These past few pages haven't been all that successful. Maybe it's due to not...
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