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Aliassmith "Switch to Equities"

Posted: Sun Apr 17, 2016 4:30 pm
by aliassmith
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

Re: Aliassmith "Switch to Equities"

Posted: Sun Apr 17, 2016 7:03 pm
by MightyOne
Pretty damn easy Alias!

Don't wonder if everything is a cone...everything is a cone :lol:

freestockcharts_com_FaceBook_3.png
freestockcharts_com_FaceBook_3.png (66.69 KiB) Viewed 8287 times


freestockcharts_com_AAPL.png
freestockcharts_com_AAPL.png (77.8 KiB) Viewed 8287 times

Re: Aliassmith "Switch to Equities"

Posted: Mon Apr 18, 2016 2:39 pm
by MightyOne
freestockcharts_com_AAPL.png
freestockcharts_com_AAPL.png (80.53 KiB) Viewed 8194 times

Re: Aliassmith "Switch to Equities"

Posted: Mon Apr 18, 2016 2:57 pm
by TheRumpledOne
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.

Re: Aliassmith "Switch to Equities"

Posted: Mon Apr 18, 2016 3:19 pm
by MightyOne
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.

Re: Aliassmith "Switch to Equities"

Posted: Mon Apr 18, 2016 4:01 pm
by MightyOne
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:

freestockcharts_com_FB.png
freestockcharts_com_FB.png (45.95 KiB) Viewed 8179 times

Re: Aliassmith "Switch to Equities"

Posted: Mon Apr 18, 2016 5:38 pm
by aliassmith
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:

freestockcharts_com_FB.png


I went long after the breakout you marked on the pullback

Re: Aliassmith "Switch to Equities"

Posted: Mon Apr 18, 2016 6:09 pm
by MightyOne
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:

freestockcharts_com_FB.png


I went long after the breakout you marked on the pullback


Well played Alias.

Re: Aliassmith "Switch to Equities"

Posted: Mon Apr 18, 2016 8:27 pm
by aliassmith
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.

Re: Aliassmith "Switch to Equities"

Posted: Tue Apr 19, 2016 5:35 pm
by MightyOne
freestockcharts_com_FB.png
freestockcharts_com_FB.png (52.13 KiB) Viewed 8065 times