| StockFetcher Forums · General Discussion · Day Trading 101: Tips, Tricks, and Techniques | << 1 2 3 4 5 >>Post Follow-up |
| WALLSTREETGENIUS 983 posts msg #62705 - Ignore WALLSTREETGENIUS modified |
5/16/2008 1:31:11 PM Yes Max. I do use Bollinger for the channel, but you might want to use median bollinger line(13) here at SF. I just built this filter for some of you to get a head start on your HOURLY charts. Tell me what you think.... |
| petrolpeter 439 posts msg #62712 - Ignore petrolpeter |
5/16/2008 4:46:50 PM Put a sqeeze on that BB(13) Riggs |
| chetron 2,817 posts msg #62717 - Ignore chetron modified |
5/16/2008 5:56:17 PM DELETED. WRONG ANSWER. |
| nikoschopen 2,824 posts msg #62719 - Ignore nikoschopen |
5/16/2008 8:43:44 PM Indicators and Measures: Bollinger Bands
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| chetron 2,817 posts msg #62721 - Ignore chetron modified |
5/16/2008 9:06:00 PM LOL, FINE. THERE IS SUCH A THING, BUT WHEN I DID THE ORIGINAL FILTER AND PULLED UP A CHART, I GOT 4 DAY SLOPE ??? ACROSS THE TOP. DOES ANYONE HAVE ANYTHING ON THIS ?????? TIA CHETRON |
| mykl 10 posts msg #62755 - Ignore mykl modified |
5/17/2008 9:36:19 PM Don't know if this is universally helpful but I trade eminis..most recently the $5 Dow YM. Used to trade the Russell, but the volatility on each candle, especially the longer more reliable time intervals was getting to a point where it was either stopping me out or putting the fear of the almighty in me - even if on directional days I was pretty sure the trade would end up going my way. On multiple contracts at $100/pt it's easy to see your life flashing by. Anyway this setup works especially on the eminis and is pretty simple. I've traded it on ticks, 2,5,10 and 15 minute time frames. The example below is on a 15 min chart from yesterday (Friday the 16th) It's amazing how eminis tend to respect floor trader pivot points - probably even more than fibs. More often than blasting through them and continuing on, they tend to stop right at it, or head fake through it and reverse. When price takes a few shots at the PP before finally breaching it, it increases the probability that the direction will continue. The level of confidence that direction will stop and reverse either immediately or within a few candles increases greatly when a PP level overlaps an upper or lower Bollinger Band... and even more so when the trigger candle's proportionately long wick or tail pokes through the outer BB. Under those circumstances, I go long or short when the subsequent candle breaks above/below the trigger. My profit objectives depend where I am versus the 21MA. If I'm the correct side of it, I'll tend to ride the 9MA so long as it continues to slope or plateau unless price pierces the opposite BB with a long wick/tailed candle. At $5/pt/contract, gravitating/retracing back towards a directional 9MA before growing legs again isn't as offputting, although for sure it doesn't always work out the way I anticipated LOL. Friday was a directional, profitable day and thus a good example. Thursday I took only 1 signal on the 15 min chart for about a 60 pt trip. On choppy days I watch Sports Center until I hear the beep that price has penetrated through the S&R ranged coffin I drew, which again, often corresponds with the breach of a PP line. My GF was in from out of town and I showed her the "magic lines" and how the candles advanced right up to but were more often than not repelled back in the opposite direction. She thought it was pretty kewl and was amazed how often that occurred during the week she watched. This is an oversimplification and one of several simple setups I use , but it tends to be fairly dependable on trending days....if you can gut out the intracandle volatility before it prints. I know most here trade securities, but hopefully this might prove helpful to someone. I'm forever grateful for all the selfless and sophisticated contributions of many in this forum - especially the usual impressive cast of characters over the several years I've been a SF subscriber. Many thanks.   |
| WALLSTREETGENIUS 983 posts msg #62768 - Ignore WALLSTREETGENIUS |
5/18/2008 4:36:21 PM chetron - Ignore chetron modified 5/16/2008 5:56:17 PM DELETED. WRONG ANSWER. ________________________ Tia, I must say....THAT WAS FUNNY! (I saw your 1st answer) |
| luc1grunt 622 posts msg #68638 - Ignore luc1grunt |
10/21/2008 1:40:52 PM Bump....Intra day systems still working despite longer term market woes. |
| mdl060374 94 posts msg #68782 - Ignore mdl060374 |
10/25/2008 4:36:50 PM NIkoschopen, I also am learning intraday channels, and trying to use S/R, a along with determining periods of congestion vs trending. My biggest issue finding the right stocks to trade, or knowing what to look for for alerts to set ups... Seems so often with equities, it moves so fast, its too late once it shows up on my screens.... Any advice out there... (I have just been looking at the SPYrecently , hoping screen time will get me over this hump) |
| luc1grunt 622 posts msg #68783 - Ignore luc1grunt |
10/25/2008 5:51:23 PM Niko no longer posts to these boards. email me at scorpiondx3 at gmail dot com and i will pass the email address to you. |
| StockFetcher Forums · General Discussion · Day Trading 101: Tips, Tricks, and Techniques | << 1 2 3 4 5 >>Post Follow-up |