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Friday was a good day, but it was also a day my wife started trading with me. She got her first two doubles on Amzn, even though we didn't make a lot of money it was a lot of fun.
PS: The range bars might be a nice thing to watch and are a good indicator for potential change, they seem to act very weird for in TOS at times.
I will keep them up, as a reference, but will continue to base all my trading off my set-ups using "tick" bars.
I am going to show one of my hidden indicators and share the CODE for TOS users; (The LaquerreRSI). Note: It is "JUST" 1 of my 4 main indicators. All four have to be in agreement before I will enter an order.
i have been using your basic concept of enter after the bar has taken out the close of the bar after the signal bar's close, and it has been helping me quite a bit. i don't have TOS so won't be able to use this but am going to study the code and see if i get any clues about yr thinking. am still basically just buying b/o b/d from flags and still boxing my positions - i just like getting in early that way and do find i make a tidy 25-30% on average even after subtracting the loss from the side i have to sell. it works well for long flags which end in little cramped bars & dojis. AMZN was crazy on friday! but u know what, i ended up not trading it at all! bc i started the day with the fine idea of shorting the oom puts, then, i don't know, i guess i was just burned out or something, i just could not pull the trigger. crazy! i ended up buying and selling the same spy option for about +7% and quitting the day early.
that must've been fun to get your wife in on it. one day i want to do the same with hubby. my dad is v sick so am trading hardly at all but did bag some good ones on AAPL last wk - i have no time to prep any charts - when i hvae time i just check on aapl see if there's a good flag, if not shut down. i bet next week there's gonna be a move one way or the other. 552 or 620 which shall it be? i guess we will find out soon enough!
Du sublime au ridicule, il n'ya qu'un pas. ~Napoleon Bonaparte
The one nice thing about day trading, I really don't care where AAPL, or the market goes, and right now it is in LA LA land. The line in the sand, IMO is $ 599.50, a 50% FIB from the past hi/lo of April, which also means if it breaks 610 (61.8% retrace Fib), then 624.95 (78.5% Fib), or even 631.33 would be up next. If it breaks 599.50, 565.84 would be my first target (55ema).
PS: Inside candle on BIDU (go long at 135.13, short at 133.39)
Inside candle on GOOG (go long at 616.74, short at 610.60)
Double-top on PCLN??
tx! got my levels & alerts set in my charts, contracts loaded up, ready to rock & roll. goog looking strong pm in comparison to some of the others which r anemic! gl & gt this wk
Du sublime au ridicule, il n'ya qu'un pas. ~Napoleon Bonaparte
This is a set-up I probably spent two years working on. But basically it involves getting long/short entries from both "my set-ups" M & C entry points and a cross of the LaquerreRSI above .20 (up), or .80 ( down)...
All three MUST be in agreement or no entry!
One example was AAPL this morning I had long entries posted but NO LaquerreRSI cross above .20, therefore NO entry and you can see on my posted AAPL chart around 9:49 am CST.
I was reading your thread and notice you use 3 indicators for confirmation of entry and exit.....
I am currently using 5......
Iowever ....
I have managed to combine them all to give the signal.....
Wondering if that is how you are trading......?
Using one indicator ......with all 3 combined for signals....