Thank you for a trading plan and rules! This morning I almost traded LNKD. Major indicators were signaling a Put play. Well, the DOW's range was the factor that kept me from placing this trade. The DOW was not below or above 20. As most know, I am strictly momentum trading. If the DOW cannot make up it's mind which direction it wants to go, I AM NOT going to place that trade. If the DOW wby rookie30 - Trading Discussion
Guys take a bite at this trade! A good buddy of mine attempted to trade this one today and missed. It is a doozy! I would have probably given this one a shot, but there are a few areas of concern that would have violated the rules. The trade is on TSLA. Entry point around 10:00. I made it clear that I probably would have given this trade a shot. I would have suffered a small loss, butby rookie30 - Trading Discussion
Tanman, I am all on it! It is awesome that you have the knowledge to break it down-so it is clear. I will have to read you post over a few times, but I understand most of it. The concept of trading weeklies is amazing. I have been trading that way for a while, but I have not talked about it much because I know that is not a concept that was taught. I have only looked for option Fridays, buby rookie30 - Trading Discussion
tanman, Excellent strategy. I like the idea of selling 1/2 of a positions and riding the other 1/2 through a couple of bumps. In the past I used the 8MA as one of my major indicators. I still use it, but when I discovered the power of MF, I started to use 8MA as a secondary entry/exit indicator. There is a lot of consistency when staying in trades on one side or the other of the 8MA. Iby rookie30 - Trading Discussion
Tanman, That is good stuff. Your trading style is very interesting. There are a lot of components I really like. The two closes below 8MA is nice. I watch my MF pretty closely. When I enter a trade, I draw horizontal line on my chart exactly where I entered on MF. I am on a 10 minute chart. I am considering using a chart that is a bit smaller, but I am practicing that process before goiby rookie30 - Trading Discussion
Today was a good day for me. I have been sitting on the fence, waiting for the right setup, so when I saw FB meeting all my criteria, I went it pretty strong this morning. Bought 17 Call contracts of FB. Stock was 61.99 and sold at 62.65. Really good profit in about 40 minutes. I hit my 20%, so I bailed. Nothing changes with the way I trade. I trade the same way everytime- just gotta wait unby rookie30 - Trading Discussion
I am riding through this choppy period as well. I am taking time to use On Demand and practice. I have learned that this period is normal and when it rears it's ugly head, I step away from the challenge and stick to my rules. If the kill is there, I take it, if not, I remain hiding in the bushes!by rookie30 - Trading Discussion
TCB, I do the same thing. It is a bit messed up that I can not scroll back a year or two from TOS, but can't have it all.by rookie30 - Trading Discussion
I practiced V on November 6, 2013 this morning. I lost on the trade. This one turn on me quickly, but after looking back, those candles on the 55 were losing steam from the previous day. I have not had time to find other reasons it did not work, but i will tonight! I exited the trade and gave up $1.17 on the STOCK PRICE, so my loss would have been fairly minimal. I still do not like losing- jby rookie30 - Trading Discussion
Thanks Robert, My strongest indicator is the 55 ADX (but it is not 100 necessary). If that ADX is up on that 55, ADX up on 21, break in major support, MF up on 10 and just approaching the 80, MF is in good range on the 21 (35-65 going up), DOW and NAS are going to go in my direction and meet the 20 poiint rule, you have a very high percentage trade. If you do not get the indicators you want,by rookie30 - Trading Discussion
I am up-as usual practicing at 5:10AM. My morning practice is Oct. 22, 2013 AMZN. I Do not get as specific as figuring out how much I would have made. I just want to make sure I am correct in my trade. I bought in at 331.22 at 9:48 and exited at 10:31 at 335.97. I waited for the rise over the previous day's high, and other indicators had already developed. I rode until the 10:30 candle droby rookie30 - Trading Discussion
OK- Just re-read my message above and it sounds like "Rain Man" wrote that, but if you can sift through it, and understand it, you have the plan. My wife is killing me right now and I am cracking my side. I let her read my message above, and most of you know what she said first, "Did you take your medicine today....." My response is, " Not today, but I just took it"by rookie30 - Trading Discussion
AMZN would have butchered me, if I did not follow my rules. AMZN broke the Prev. Day High within my window of trading (Hotspot). My ADX was up on my 10. Non discipline traders would have jumped this trade. ADX was down on the 21 and 55. MF was not going up, the DOW was not decisive and to close to 0 for me. I like to trade when the Dow and NAS are running in the same direction, but also,by rookie30 - Trading Discussion
I can only speak for what I look for in an FP or HRFP. You are correct, an FP is when 3 of the 4 cross. To me, it gets a bit tricky with when the crosses take place. This is when the experience plays a part in this process. You have to make a decision whether or not you treat a cross from yesterday as a cross for the present day's trade. For an example, Today, I based a big part of my decisioby rookie30 - Trading Discussion
Traildoc, I follow 10, but 85% of the time I am in one of the 5, FB, LNKD, AMZN, V, or CF. They are FB, LNKD, TSLA, V, FDX, UA, CF, AMZN, FOSL, HALby rookie30 - Trading Discussion
Hey Rufinatti, Good questions! Yes, I want Money Flow up on both my 10 and 21, but definately my 10. If I am running over that 80 line on my 10 Money Flow, I am concerned, but if I have not reached the 80 off the 21 MA and my 55 ADX is up, the issue with the stock being overbought off the 10 is voided (can care less what MF says off the 10 at that point). Rembember, the concepts of largerby rookie30 - Trading Discussion
I bought 20 FB May 14 55.5 Calls for $3.35. Position size was $6700. I bought at 10:17 and sold at 11:12 for $3.90. Not a bad trade for less than an hour. Today was good and in consistence with my 10-20% profits on each trade. My trend was the 55, decision chart was a 21, but my action was a 10 MA chart. All indicators lined up. First, I looked and noticed the DOW and NAS were runningby rookie30 - Trading Discussion
RichieRick, Thank you very much. I will speak with Sprint about making the switch. For whatever reason, I really thought a card inserted directly into my laptop would be a bit better, but my wife wanted the kids to have an option to get on line while we travel. I have never heard the possible issues with Malware and Spyware. Are the programs free? or do I need to buy the program from myby rookie30 - Trading Discussion
Is the speed the same on all Hot Spots? I have a portable Sprint Netgear Air Card. I had the options to buy the Air Card that plugs into the side of the laptop, but I chose the portable instead. I am having major issues with speed- especially during business hours. This is starting to affect my trading because I am not able to get in our out of positions fast enough. This problem is getting woby rookie30 - Trading Discussion
Excellent trade Darcy. I looked at your trade and my entrance/exit requirements. Woo ooo Weee! That could have been a big money maker for me-based on my trading style. I am not presently trading NFLX, so I did not watch it closely. I am happy you were one of the ones who got a nice chunk of the pie. I traded TSLA Monday, and was very close to pulling the trigger on LNKD this morning, but forby rookie30 - Trading Discussion
Rufinatti, I mean if I am on a Call, as long as I have white candles paint (My candles are white going up or red going down), I am 95% of the time I am staying in. If I have two red candles paint (negative candles) consecutively along with change in Money Flow and ADX changing directions, I am usually out (95% of time). Remember, I am on a 10 minute chart when I am in the trade because I am oby rookie30 - Trading Discussion
Moinnorf, Good stuff..... You are on the right forum to learn, grow and develop. Ask questions and document what works. When I joined this forum, I was just learning how all this worked. I have worn some folks out with questions, but I have never been turned away or told to get lost. Regardless of how stupid my questions might have been, I always got responses. I appreciate that. I gainedby rookie30 - Trading Discussion
I want to present my position on this as well because my success in this has been as signficant for me and my family as anything I have ever done in my life. My postings have been farther and fewer between over the past several months. I think I have helped some people, but I feel my style has deviated from what most are being taught. Some discount that money can be made in very small quantitiby rookie30 - Trading Discussion
I switched from Qcharts to Strategy Desk and now to Think or Swim. I left Qcharts because of the expense. It is amazing what you can sometimes find for free that some charge enormous amounts of money. I would have stayed with SD, but I started having some major issues connecting to the site/platform with my hotspot, so I had no choice but find another platform. The transition from one platformby rookie30 - Trading Discussion
I am not looking at my charts, but I will share this with you and it might help. When I enter an intraday position, I focus closely on my MF and candles off the 10MA Chart. If you are in an intraday trade and your MF and candles are drawing and painting in the direction of your trade, you are safe. If the MF starts to turn and candles start to weaken, WATCH OUT FOR THE TURN!. If following a tby rookie30 - Trading Discussion
Just bought 20 HAL May 14 62.5 Call Contracts. Entered at 9:46 and exited at 10:21. I had no reason to exit based on my indicators, but I was very Happy in Seattle, so I ran for the hills with a very good profit. This was a really good trade for me. I expect more trades like this as we approach the Summer Trading Zone. TOS has been leading me in the right direction so far. I still miss SD, butby rookie30 - Trading Discussion
Robert, that is funny. At least you got out without getting hurt. Friday was that day that everyone should have placed pretty good trades. 5 of the stocks I love to trade went down. 4 of the 5 stocks offered excellent trades. The chosen one for me was, LNKD. I was able to ride the stock most of the day. I got out at 14:26. I cannot remember the last time I had such a good profit, but Iby rookie30 - Trading Discussion
Yesterday, I popped a trade on FB for real money. It was a very easy and classic trade. This was my first trade since transitioning to TOS. As soon as my candles dropped below the previous day's low, I was in the trade. The only chart that did not give me the confirmation I needed was my 55, but ADX was up. This is one of those indicators that provides me with extreme confidence when going iby rookie30 - Trading Discussion
Those who have read my posts know I have transitioned to another platform, Think or Swim. I will not write a book this morning, but this guy, Robert has released information regarding chart settings that would have taken me a lifetime to figure out. I finally got up and started reading his previous posts. I remember seeing posts that some of you were involved regarding TOS settings. Robert isby rookie30 - Trading Discussion
Thanks for your help. I have indulged myself in TOS. I wore this poor fella out today. I want to get all my questions answered and, I want to make sure he had the time to help me. He said yes, so it was game on for about an hour! I found ways to set the parameters as they were based on Gary's Parameters. I have figured out how to set up multiple screens-which is a must for me. I have not prby rookie30 - Trading Discussion