So, I am a novice trader. I'm trading ES mini intraday and I have developed a method that is PDG at catching turns. Although, many turns go by with out my method producing a signal. But when it does signal it's right more often than not.
I'm paper trading 95% of the time but gaining confidence...in part due to Cobra and others here. Thanks!
My problem with this method is Exits. So far, the most cautious exit gives 3-5 point (typically) but often I get out at such a poin only to watch what would have been a nice run. Still working on this part of my method.
Cobra wrote:by the way, anyone knows why there's a free Vanilla software but there's a paid one, $149 a month? I'm trying to find a solution to integrate with the wordpress, so that you guys can have on single singnup.
bbpress and Simple Press and free and already integrated with wordpress, single signup
Cobra wrote:by the way, anyone knows why there's a free Vanilla software but there's a paid one, $149 a month? I'm trying to find a solution to integrate with the wordpress, so that you guys can have on single singnup.
Hi Cobra, I believe the free version is for self installation on your own server (site). The paid version for forum to be hosted on their sever (they will provide supports) and you can use java script to plug it into your site.
that's great. I'll try the vanilla to see if we can have a single sign on and most importantly single register.
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Yeah, last week when I said that my reading was further consolidation on the SPX with an upside bias into the weekend, I was thinking last weekend, not THIS weekend.
The strength into last Friday's close surprised me. Then that move was faded hard on Monday, only to see a lower open and then more surprising strength into Tuesdays close complete with an attempted break higher that was also faded hard once again. Wednesday saw more aggressive selling bringing things down from the top of the range again. Lower open yesterday with a higher close. And more strength again today, with what until now, looks like a new break higher (currently consolidating above Tuesday's high?).
That's a couple of big fades and reversals higher (if we include week ago Wednesday, we can say 3 big fades that couldn't get traction).
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KENA wrote:Don't know how we can go but the 61.8 Fib is about 1265 so if we get there it would be a good area to pull back.I'm with BB52x..Day trade only.
I hate daytrading because of the time limit. Not enough time to earn enough profits.
But you can make 10% per wave, if SPY moves 0.4, you earn 10% minimum on weekly SPY option (i use ITM strikes, so if spy at 123, i buy the 122 call if I'm bullish) . Maybe you just need to learn.
Last edited by Unique on Fri Oct 21, 2011 11:22 am, edited 1 time in total.
(I also talked about the possibility of fast markets resulting from professionals fading then reversing in the video I did last weekend. http://www.youtube.com/watch?v=r0vq1YTadGs )
Last edited by HighRev on Fri Oct 21, 2011 11:25 am, edited 1 time in total.