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| MARY4MONEY 806 posts msg #78746 - Ignore MARY4MONEY |
9/7/2009 10:50:56 AM here is how you can get a feel for the markets and stocks in real live action without investing one cent 1. sign up for thinkorswim.com-- sign up for an account-but say will fund later-this make you be able to to down load their trading platform-which you want to do- its by far the best live intraday graphs out their-the have both profit and their own very accurate graphs- all i do is set up the the rsi-2--linear regression(100)- and macd 2,3,1 and im good to go-the beauty is you can change the time frame from 1 minute to 3 months and go back 10 or 20 years--you can actually have your basic graph duplicated exactly- so lets say your traking bac- your core graph would be say 5 minutes- then you duplicates could be 15-60 and daily-- with their setup you can use 1 minute to track the giant block trades during the day ah and pre--you can also use the time and sells and set it at what ever block size you want-- on the options you can have them live with all the greeks if you want- they also have something called look back- so you can even go back 10 years to see what the option price was on any date in the pass- you can keep clicking through these to see how different stock perfom aon their options over time------2. sign up at wall street survivor.com for both the stock and options-this is great because you can trade on here just as if you were a hedgefund manager-in other words you can swing trade and day trade all you want-- you start out with a 100k$ account with margin-- you can win 500$ every week if you have the highest percent gain for the week- its been going 18 weeks-my sons and wife have won 7 times and placed in the top 5- 7 times- with gains from 50-2400%- if you want to trade options this is perfect in conjunction with the thinkorswim setup----also its more realistic because your not limited to the day trader rules where you can get killed on small account-- using this setup you can get out of the trade if it goes against without losing much money like if you had a real say 30k$ accouint- but i would suggest you use the above to practice with out real money so you will be sharp before you start investing--how i do bac is to buy the options either at the bottom of the rsi-2 and lr and sell at the top-then the next opening you sell the options unless it appears they will fall farther or go up more-but i find it much easy to get out at the open and wait for the next setup intraday- you can also trade stock this way on wallstreet survivor--they have weekly and monthly prizes 250$ to a 4000$ trip-im a little sneaky on how i get such a fast start the next monday morning when a new option contest bigens because its based on your closing account total from friday-what i do is play both sides of bac like from this last friday where it closed near 17$ im long with 18 sept calls in 2 accounts and short on the sept 16 puts in the other - if were at the top of the rsi-2 then all 4 are short and if we are the bottom all 4 are long with calls-- also i have helped 3 other people win the 500$ during earnings season- buy having them play 2 of their accounts on either side of the earnings stock--the beauty is on the ones where the stock go against you- you can reset your options account anytime you want and start over-this make incredible practice without losing a fortune-good luck ps- thinkorswim graphs are more accurate because their graph is actually 24/7- using a 1 minute graph- you can see where the next top and bottom are before they get there-if you would like to see these 1 minute graphs-send me your email and i will email then to use- i will include the 1600 big block buys and sells also-say your from sf-my mail---l alife4love@aol.com |
| TheRumpledOne 6,407 posts msg #78747 - Ignore TheRumpledOne modified |
9/7/2009 11:20:50 AM READABLE VERSION ================= here is how you can get a feel for the markets and stocks in real live action without investing one cent 1. sign up for thinkorswim.com-- sign up for an account-but say will fund later-this make you be able to to down load their trading platform-which you want to do- its by far the best live intraday graphs out their-the have both profit and their own very accurate graphs- all i do is set up the the rsi-2--linear regression(100)- and macd 2,3,1 and im good to go-the beauty is you can change the time frame from 1 minute to 3 months and go back 10 or 20 years-- you can actually have your basic graph duplicated exactly- so lets say your traking bac- your core graph would be say 5 minutes- then you duplicates could be 15-60 and daily-- with their setup you can use 1 minute to track the giant block trades during the day ah and pre--you can also use the time and sells and set it at what ever block size you want-- on the options you can have them live with all the greeks if you want- they also have something called look back- so you can even go back 10 years to see what the option price was on any date in the pass- you can keep clicking through these to see how different stock perfom aon their options over time------ 2. sign up at wall street survivor.com for both the stock and options-this is great because you can trade on here just as if you were a hedgefund manager-in other words you can swing trade and day trade all you want-- you start out with a 100k$ account with margin-- you can win 500$ every week if you have the highest percent gain for the week- its been going 18 weeks-my sons and wife have won 7 times and placed in the top 5- 7 times- with gains from 50-2400%- if you want to trade options this is perfect in conjunction with the thinkorswim setup----also its more realistic because your not limited to the day trader rules where you can get killed on small account-- using this setup you can get out of the trade if it goes against without losing much money like if you had a real say 30k$ accouint- but i would suggest you use the above to practice with out real money so you will be sharp before you start investing-- how i do bac is to buy the options either at the bottom of the rsi-2 and lr and sell at the top-then the next opening you sell the options unless it appears they will fall farther or go up more-but i find it much easy to get out at the open and wait for the next setup intraday- you can also trade stock this way on wallstreet survivor--they have weekly and monthly prizes 250$ to a 4000$ trip-im a little sneaky on how i get such a fast start the next monday morning when a new option contest bigens because its based on your closing account total from friday- what i do is play both sides of bac like from this last friday where it closed near 17$ im long with 18 sept calls in 2 accounts and short on the sept 16 puts in the other - if were at the top of the rsi-2 then all 4 are short and if we are the bottom all 4 are long with calls-- also i have helped 3 other people win the 500$ during earnings season- buy having them play 2 of their accounts on either side of the earnings stock--the beauty is on the ones where the stock go against you- you can reset your options account anytime you want and start over-this make incredible practice without losing a fortune-good luck ps- thinkorswim graphs are more accurate because their graph is actually 24/7- using a 1 minute graph- you can see where the next top and bottom are before they get there- if you would like to see these 1 minute graphs-send me your email and i will email then to use- i will include the 1600 big block buys and sells also-say your from sf- my mail--- alife4love@aol.com |
| chetron 2,817 posts msg #78749 - Ignore chetron |
9/7/2009 11:41:35 AM THANX TRO |
| jrbikes 624 posts msg #78757 - Ignore jrbikes |
9/7/2009 6:41:35 PM TRO, thats funny! |
| karennma 8,057 posts msg #78762 - Ignore karennma |
9/7/2009 11:32:36 PM THANKS, M4M! Love ya! XOXOXOXOX ;>) |
| choymi8828 47 posts msg #78795 - Ignore choymi8828 |
9/8/2009 3:23:39 PM To anybody, Anyone knows what are we looking for in the set up for the minutes charts of the rsi-2--linear regression(100)- and macd 2,3,1. Please note that I know overbrought and oversold, plus divergence in RSI pretty well. And got confused when M4M changes the setting for MACD from 12,6,9 to 2,3,1 and I cannot understand the role of linear regression(100) in the M4M setup in Lesson# 7. M4M also mentioned in Lesson# 7 “ps- thinkorswim graphs are more accurate because their graph is actually 24/7- using a 1 minute graph- you can see where the next top and bottom are before they get there-“ Does it mean we have a big edge in using thinkorswim graphs as it seems other sites may have a delay effect ? Much appreciated. |
| trendscanner 265 posts msg #78813 - Ignore trendscanner |
9/8/2009 6:52:24 PM Here's a link to one of his example charts. He posted this link on the yahoo stock boards under the user name lerog.angel. http://one.realtimestockquote.com/neochart/neochart.dll?co=realtime&mode=-1&idx_sym=&sb=bac&cn=us&chw=800&chh=400&inh=140&ty=2&ind=5&inm=60&sca=1&ref_rate=180&mov1=0&mov2=0&mov3=0&boll=0&chk_lin=on&lin=0&chk_vol=on&chk_rsi=on&rsi=2&sto1=15&sto2=5&sto3=5&wil=12&macd1=12&macd2=25&macd3=9&roc1=16&roc2=8&mfi=14 I tested his recommended set up today, well at least as well as I could since I work in an office environment but am often at my desk working on a computer most of the day, with people in and out of my office frequently. Set up a 5 min chart, using both thinkor swim's software and quotetracker, which I found to be quite acceptable and much less obvious than thinkorswim for those trying to discretely "multi-task" at work. I set up the RSI(2) indicator, MACD(2,31), and a linear regression channel with a period of 100. Loaded BAC and decided to just watch it occasionally during the day to see how it went. BAC gapped up at the open, right to the top of the linear regression line. Would have been a good time to buy slightly-in-the-money puts. It slowly drifted down and later in the day hit the lower regression line, with RSI(2) bottoming out well below 5, which would have been the signal to sell the puts and buy some calls. The calls were selling for mid $0.50's at that time. A few hours later, price had moved back into the middle of the LR lines and the calls were at $0.64. They faded later in day. I was impressed with how well the price seemed to stay within the 100 period LR lines and indicate when to buy or sell. I noted that later in the day, the slope of the LR lines was different and the bottom line had reset to a lower position than in the AM. Will probably try trading this approach when daily RSI indicates a significant oversold or overbought situation. |
| mystiq 650 posts msg #78816 - Ignore mystiq |
9/8/2009 7:24:11 PM fyi- quotes.com offers a nice intraday chart also (-.-) rsi,ma,vol,macd,etc ....5min 10min 15min |
| choymi8828 47 posts msg #78841 - Ignore choymi8828 |
9/9/2009 12:39:48 AM Trendscanner/Mystiq, Thanks for the reply. But how do we read the MACD(2,3,1) in this intra-day charts ? |
| chetron 2,817 posts msg #78848 - Ignore chetron |
9/9/2009 6:34:28 AM FROM LEFT TO RIGHT. = D |
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