Technical Trading Setups Journal

Discussion in 'Journals' started by cornix, Jan 25, 2012.

  1. cornix

    cornix

    Ya, so funny to trade with some real good traders all day long, see their trades (and they see yours) in real time and even called in advance to be then challenged here. :D
     
    #221     Mar 14, 2012
  2. samus

    samus

    I"m going to offer up one of the easiest and most successful trade set ups out there. I didn't create it, it's been around for years and it's a proven winner. Some of you might know it as the floor trader method.

    I rarely use TA but if newbies out there need something on their chart, slap a 9 and 18 day EMA on a chart, wait for the crossover which will identify the trend, enter trade (long or short) on the first retracement to the 9 day and go with the trend. Test and modify with your own exit criteria. Note: highest probability of success is the first retracement. Prices move in waves... this just exploits it. Thats it.

    Now having said that, there will be those that will argue, redefine, criticize, etc... so be it. It works, if you don't like it or don't want to use, fine. You've been informed. It's now up to you. It's spelled out for you, google floor trader method for more details.
     
    #222     Mar 14, 2012
    AmitG likes this.
  3. cornix

    cornix

    Ya, good one for sure. Classics of the classics. I use 20 EMA for the same purpose (or simply price action sometimes, when swings are obvious).
     
    #223     Mar 14, 2012
  4. samus

    samus

    Yup Corn.. if newbies would just use that one setup and nothing else, master it, chances are they would succeed. Without a shred of doubt, you could make a living off that one setup. It's about as easy as it gets but I guarantee you there will be those that will make it harder and more complicated than it really is.
     
    #224     Mar 14, 2012
  5. Ok. I got it. Misunderstood your chart.
     
    #225     Mar 14, 2012
  6. +1

    I did not know it was called floor trader method, and invented it myself :(. After lot of pain of course. But you are right it is a very effective setup.
     
    #226     Mar 14, 2012
  7. You are a gentleman and a scholar of trading for noobs
     
    #227     Mar 14, 2012

  8. Stooge of Al Brooks ?

    Eh?
     
    #228     Mar 14, 2012
  9. SteveH

    SteveH

    Have you ever heard of one called "The Sargeant J Trade"? I bet kiwi_trader remembers that one. I can't even find it on Google. I'll try to dig up the definition off of an old computer to make sure I get the explanation right.
     
    #229     Mar 15, 2012
  10. cornix

    cornix

    A few years ago kiwi_trader shared one system with me, also based on EMA's, but don't know if thats "The Sargeant" or not. :)
     
    #230     Mar 15, 2012