Search found 13 matches
- Mon Feb 28, 2011 9:22 pm
- Forum: equities
- Topic: MILKING THE COWS
- Replies: 110
- Views: 129440
- Gender:
Who needs a good laugh? :oops: http://i52.tinypic.com/34j66c1.jpg Reason for going long: 1. Price bounced off support at 9:30, and the 5min green candle closed above the go-long line. 2. Thought there was an uptrend. Shouldn't have gone long because: 1. Green candle closed against resistance (althou...
- Tue Feb 15, 2011 10:37 pm
- Forum: beginners forum
- Topic: Why utilize the 1 hr and 30 min candles when scalping?
- Replies: 7
- Views: 4823
- Gender:
[/quote]commit to trading only 1 direction using only 1 strategy; zoom down to the smaller timeframes and trade normally from there. e.g. always follow the W1 candle color.[/quote] I see, it's almost like the larger candles are the guiding lights for trading on a smaller frame, both in direction and...
- Tue Feb 15, 2011 4:50 pm
- Forum: beginners forum
- Topic: Why utilize the 1 hr and 30 min candles when scalping?
- Replies: 7
- Views: 4823
- Gender:
Relativity, Thank you for your reply. I am currently learning TRO's method around the BZ, and I also play around with s/r. I try to fade the gap using the buy zone in the morning with aapl, scalp what I can or let it ride if there's momentum. I also trade off the s/r with rimm, and sometimes with aa...
- Tue Feb 15, 2011 4:41 pm
- Forum: beginners forum
- Topic: Why utilize the 1 hr and 30 min candles when scalping?
- Replies: 7
- Views: 4823
- Gender:
cwn6161, Than you, that was very informative. It never occurred to me in that sense (to consider the range of longer TFs). I'll keep an eye on the hourly candle to get a better grasp of what you're saying. I'll take a guess at your question. I'd probably wouldn't enter immediate expecting to gain $2...
- Tue Feb 15, 2011 7:07 am
- Forum: beginners forum
- Topic: Why utilize the 1 hr and 30 min candles when scalping?
- Replies: 7
- Views: 4823
- Gender:
Why utilize the 1 hr and 30 min candles when scalping?
Totally newbie question here, but as someone that is learning to scalp stocks, I am not seeing the value of the 30 min and 1 hr candles when scalping. IMO, the time frame that a scalper is exposed to the market is so short, the market direction/trend shouldn't matter, right? I know TRO have useful t...
- Thu Feb 10, 2011 6:50 pm
- Forum: general
- Topic: NinjaTrader Entry/Exit Preferences
- Replies: 4
- Views: 4278
- Gender:
- Thu Feb 10, 2011 5:04 pm
- Forum: general
- Topic: NinjaTrader Entry/Exit Preferences
- Replies: 4
- Views: 4278
- Gender:
- Thu Feb 10, 2011 3:16 pm
- Forum: equities
- Topic: MILKING THE COWS
- Replies: 110
- Views: 129440
- Gender:
- Thu Feb 10, 2011 3:12 pm
- Forum: equities
- Topic: MILKING THE COWS
- Replies: 110
- Views: 129440
- Gender:
- Thu Feb 10, 2011 5:32 am
- Forum: equities
- Topic: MILKING THE COWS
- Replies: 110
- Views: 129440
- Gender:
Anyone still milking the cows? I am getting mixed results with the daily and hourly buy zone with aapl. Daily buy zone works great, but aapl only have 1 or 2 daily buy zone opportunities. Sometimes you can let it run and take a dollar, sometimes you take 5 cents. I get frustrated with the lack of op...