Well I started my adventure in Equities recently and I like to post here so, I will move my stock trading mumbo jumbo to the proper thread.
As I told MightyOne in my other thread....A chart is a chart.....
My approach to stock trading is the same/similar as my forex trading.
Really I can take the price and labels off the charts and they are very similar.
Don't get me wrong each stock , just as each currency pair, has some of its own defining trait.
I have been watching Facebook and AAPL and they have around 1 tick spreads and on average recently over 200 ticks of range each day.
AAPL on Friday the 15th
Aliassmith "Switch to Equities"
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- aliassmith
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Aliassmith "Switch to Equities"
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Re: Aliassmith "Switch to Equities"
Pretty damn easy Alias!
Don't wonder if everything is a cone...everything is a cone
Don't wonder if everything is a cone...everything is a cone
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Re: Aliassmith "Switch to Equities"
Best way to trade stocks, IMHO, is THE BUY ZONE.
Price moves away from the open and creates highs/lows for the day. Exploit that.
Price moves away from the open and creates highs/lows for the day. Exploit that.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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Re: Aliassmith "Switch to Equities"
TheRumpledOne wrote:Best way to trade stocks, IMHO, is THE BUY ZONE.
Price moves away from the open and creates highs/lows for the day. Exploit that.
I don't trade stocks as yet, but when I use these 15 degree angles it is more to avoid stupidity than pinpoint a entry.
I agree that we should simply trade away from a horizontal line on every trade.
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Re: Aliassmith "Switch to Equities"
This is a pattern that I see often:
There is a fast move & profit taking before price moves out of the range & proceeds to make a cone further to the right:
There is a fast move & profit taking before price moves out of the range & proceeds to make a cone further to the right:
- aliassmith
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Re: Aliassmith "Switch to Equities"
MightyOne wrote:This is a pattern that I see often:
There is a fast move & profit taking before price moves out of the range & proceeds to make a cone further to the right:
I went long after the breakout you marked on the pullback
Trade Your Way as Long as It Makes Money!
Re: Aliassmith "Switch to Equities"
aliassmith wrote:MightyOne wrote:This is a pattern that I see often:
There is a fast move & profit taking before price moves out of the range & proceeds to make a cone further to the right:
I went long after the breakout you marked on the pullback
Well played Alias.
- aliassmith
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Re: Aliassmith "Switch to Equities"
aliassmith wrote:Well I started my adventure in Equities recently and I like to post here so, I will move my stock trading mumbo jumbo to the proper thread.
As I told MightyOne in my other thread....A chart is a chart.....
My approach to stock trading is the same/similar as my forex trading.
Really I can take the price and labels off the charts and they are very similar.
Don't get me wrong each stock , just as each currency pair, has some of its own defining trait.
I have been watching Facebook and AAPL and they have around 1 tick spreads and on average recently over 200 ticks of range each day.
AAPL on Friday the 15th
Some would ask, why switch to equities?
The choice is simple for me. Since I am properly capitalized it makes leverage less of an issue. So trading a market that opens and closes during some normal working hours is a bonus to me.
The equities that have high volume and tight spreads behave well for trading similar to day trading forex.
Trade Your Way as Long as It Makes Money!
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