Two Questions For Practicing Day Traders

Discussion in 'Trading' started by ironchef, Oct 6, 2023.

  1. ironchef

    ironchef

    Sometime black magic works.
     
    #141     Oct 16, 2023
  2. SunTrader

    SunTrader

    Just came across your chart.

    Here's what I have loooong after the fact. Close outside Tweaked BBands (schizo :p), and signals from Reversal bars, (Blue& Red), RSI(2) (Yellow) & 21 bar HiLo (Black):-

    !SPY.png

    Note the one to the left of Buy signal didn't close outside BBands. And the mishmash late in the trading day into the close would not have been taken for that reason.
     
    #142     Oct 16, 2023
    ironchef likes this.
  3. ironchef

    ironchef

    :thumbsup:!

    Thanks, I need to look at BB & RSI.

    Another question, I switched from candles to bars a while ago based on someone's recommendations but this year decided to switch back to candles. Have you used bar and if so what is your opinion?
     
    #143     Oct 16, 2023
  4. SunTrader

    SunTrader

    Here's another.

    !SPY Inside.png

    Simple Inside bars setups (White dot) arrows under/over bar after potential entry - based on close above/below inside bar. Some potential "easy" winners, some needing tight stop, some losers all depending on how they are executed.

    edit: ignore that extraneous blue arrow down in the center.
     
    #144     Oct 16, 2023
  5. richie90

    richie90

     
    #145     Oct 16, 2023
    ironchef likes this.
  6. ironchef

    ironchef

    Thank you sir. Appreciate your responses.

    Best regards,
     
    #146     Oct 17, 2023
    murray t turtle likes this.
  7. %%
    Good ;
    most brokers have one, but dont use them much , not many daytrade$ make much.
    AS a % of investments sometimes short term trades, OK ;
    , auto out by cclose, not so much LOL:D:D
     
    #147     Oct 17, 2023
    ironchef likes this.
  8. ironchef

    ironchef

    Now you are telling me
    You convinced me that trend following is like printing $. Maybe I should go back to your trend following, swinging 50MA and 200MA like Turtles? o_O

    Have a good day Mr Turtle.
     
    #148     Oct 17, 2023
    murray t turtle likes this.
  9. %%
    YES
    read your P+L, end of day anyway also.
    Like jim Cramer said Real Money [REAL Money] book;
    dont buy stuff priced like Rite Aid =wrong aid LOL. In fairness, he also said ''BAC is going to $60 in a heart-beat'' dont buy a single stock like when it never went to ''$60 in a heart beat''
    Every portfollio should have '' 1 oil'' jim Cramer said ,ETF anyway.
    i had to change it to 1 or 2 oil stock ETFs,[not'' one oil stock'' as he said ,unquote ,my turtle personality, could day trade that ETF or 2 if desired..........
     
    #149     Oct 17, 2023
    oraclewizard77 likes this.
  10. #150     Oct 17, 2023
    padutrader and murray t turtle like this.