Use 10,15, 20 day EMA or 10, 20, 30 day EMA if 3 lines joins and stock goes higher go for LONG, if 3 joins and stock goes below go for SHORT. use one momentum indicator for confirmation i like to use MACD.
RSI 2 - 12/12/19
Instead of default 14 day use 2.
Make sure overbought is 98 instead of 70 and oversold is 2 instead of 30.
Buy/entry close of the day exit 5th day market close time.
Use 200 day SMA for better results.
.88% profit
Using Custom time frames (day trade) - 12/14/19
2 or 3 trades maximum per day
135-minute bars
Trades at 135 minute bar ends at 11.45 AM , 2.00 PM , 4.15 PM
A bar with higher open to close is given 1 value
A bar with a lower open to close is given -1 value
9.30 trade
Go long if your last three open to close values (from furthest back to most recent) were:-
- -1 -1 -1
- 1 -1 -1
- 1 1 -1
- -1 1 -1
- 1 1 1
- -1 1 1
- -1 -1 1
- 1 -1 1
2.00 PM trade
Go long if your last three open to close values (from furthest back to most recent) were:-
-1 -1 -1 ( fist 2 bars are today's bar, last bar is yesterdays bar)
- -1 1 1
- 1 1 -1
- -1 1 -1
- 1 1 1
- 1 -1 -1
- -1 -1 1
- 1 -1 1
Weekly chart - bias
The weekly time frame is the master swing traders macro time frame.
While price patterns can be traded from this time frame, the main focus is its direction, UP or Down.
Daily Chart - Entry
The daily time frame is macro time frame for the master swing trader.
In this time frame, we scan for retraccement and breakout patterns where prices are near the 20-MA
- The weekly trend is UP (higher high's and higher low's) so our bias is to look for buy setups on the daily time frame.
- The 20-MA is pointed higher; same as 100-MA on the daily time frame.
- 20-MA is above 50-MA and both are pointed higher.
- Reset pattern- basing variation - setup at 20-MA
 |
| RESET PATTERN |
 |
| RETRACEMENT PATTERN |
- Retracement pattern - reset in intraday time-frame - setup at 20 MA
- Notice that the bottom tail bar broke the prior two lows.
- Because of the trend and pattern, prices should make new highs.
- Basing pattern - Setup at 20-MA
- 20 MA is above 50 MA and both are pointed higher.
- Notice the breakout bar gaped down first
- There were other entry patterns, but not near 20 MA
 |
| BASING PATTERN |
December trader festival
MEM -
Dividend aristocrats
- Stock must be in S&P 500 Index
- Stock must have increased dividend payouts for last 25 years.
- Market cap minimum 3 billion.
Exit- trending stock coming below 10 or 20 SMA is warning but 50 SMA with heavy volume is definite sell.
Big trend (optioins)
When Big Earnings than expected you can see prolonged institution buy or sell, don't go against them.
CCI, ADX, ATR aare used
How to Trade Momentum Stocks for a Living 12/18/19 (Day trading)
How to Day Trade the S&P with Limited Risk 12/19/19
Long weekly option trading eliminates SL losses which add up quickly for multiple trades and helps them to protect trades from heavy losses without SL.
suggest weekly Long option for day traders.
Carley Garner - presenter
Six Strategy Creation Mistakes That Drain Your Account and How to Fix Them 12/17/19
Mistake #1
No plan, no process, no formula to develop the strategy. Random pick is not good.
Remedy - have a process to build a strategy
Mistake #2
Having no trading ideas.
you don't need super creativity
take other's idea/work and modify it.
idea can be simple one.
Remedy - get ideas and back test it.
Mistake #3
don't over optimize the back-test. Past results don't guarantee future results.
Remedy -
limit amount of optimization
don't test sample data numerous times.
let go of need to improve back-test results.
Mistake #4
Don't Think that is good and not good. (few good for one person, not to others)
Remedy -
need goals, objectives
need confidence that no's you see translate to acceptable nos.
check real world performance
have hurdles to meet at every step in processs (saves time)
Mistake # 5
what matrix to choose?
win %, profit factor, no of trades,, net profit, etc list is long.
All are important
Remedy
find matrix that supports how you develop strategies and validate through real money performance.
Mistake # 6
not knowing when to quiet
Remedy
write quite/exit point
follow it
Capturing Big Moves: Three Top Techniques for Day Trading Futures 12/22/19
tick 512 means after 512 transaction another tick will appear and after 512 transaction another tick will appear and so on. that means each tick represent 512 transactions, is not bounded by time.
Ref (H, -2) > Ref (HHV(H, 100),-3) and CLOSE <Ref(H, -2) means
High of 2 days ago is GT highest high value of 3 days ago which is High of 100 days ( simply says new 100 day high) and CLOSE LT high of 2 days ago.
How to Unlock the Pop in Stochastic -11/25/19
buy if K% crosses 25 from below.
Short if K% crosses 75 from above.
buy or short when K & D crosses.
lets say when it crosses range is 50-54 closes at 53.65 so target is 58.
same way set target for short. crosses that day range is 32-35, target 29
Buy even it goes above 70 or 75 but sell when K and D crosses. Short even it goes below 30 or 25 but buy-to-cover when it crosses. K & D
Getting into New Trends Early by Trading Bowtie Patterns and First Thrusts 11/234/19
--
Bow-ties
10 SMA 20 EMA 30 EMA
Bow-tie rules
1. After major low, MA must go from downtrend, proper order 10 SMA < 20 EMA < 30 EMA
To uptrend, proper order is 10 SMA > 20 EMA > 30 EMA over a short period of time ideally 3-4 days.
2. the stock must have (at least) 1 bar bull back.
3. Go long above (2)
all 3 lines have to meet at a same point. 2 meet 1 little bit after is not good setup.
How to Overcome Your Bad Trading: Why Trader Psychology Won't Help 11/18/19
SETUP - 100% Rule based condition
Trigger - Price action based.
Follow up - 20% of trades make more profit than other 80% of trades.
Success ceases confidence, confidence, creates discipline , discipline creates more profits and more confidence.
How to Trade Breakout Stocks for a Living 12/25/19
How to Apply the Turtle Trading System in Any Market 11/04/19
Turtle strategy
- Trend followers
- Based on 1) Trends happen 2) be there
5-BAR MOMENTUM SYSTEM
- From 10am until 3pm go LONG following five higher open-to-closes in a row.
- From 10am until 3pm go SHORT following five lower open-to-closes in a row.
- USE $300 STOP LOSS
- USE $400 profit target
- exit on close
STEP-1
Buy if stock is above 50-SMA (so it is up trend) if 3-5 bars are above 50-SMA then it is over all uptrend, so instead of 1 bar wait for 3 bar.
Short if stock is below 50-SMA below 50 SMA means down trend. If 3-5 bars are below 50-SMA then it is over all trend is down, so instead of 1 bar wait for 3 bar.
STEP-2
if candle stick is in 50-SMA if top 25% of candle stick is above 50-SMA buy, same way if bottom 25% is above 50-SMA short.
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