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Bugs Trading 101(Techniques,Setups etc)


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Bugs Trading 101(Techniques,Setups etc)

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  #1 (permalink)
 bugsbunny 
toronto,ontaio
 
 
Posts: 973 since May 2010

HI Guys Im starting this Thread/Journal for all the beginners/advanced traders that are not sucessful in trading.... I will be giving out different trade styles & techniques & possbible entries & exits for the Russell 2000 (TF) ONLY . I would ask everyone to mssg me if they have any questions cause I dont wanna flood this thread with congratulations & thankyou's... Please just read what i post here & please try not to post here as all that i would be posting here would be for educational purpose only & I want it to be easy for everyone looking for stuff on this thread.... I appreciate your understanding regarding this matter....

If you like what i post you can click thanks.. Ill start off with a post today but would try to keep minimal posts as im close to my surgery.... those that are not aware of my being.. well im just an ordinary trader that is making it big with everyone's blessings..... I wish everyone Best of Luck in Trading & Life....

Thanks

Bugs..


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  #3 (permalink)
 bugsbunny 
toronto,ontaio
 
 
Posts: 973 since May 2010


@ 9:30am
  • Around R3: If the market is around R3, R3 candle must hit PP (Green or Red). We can sell upto PP.
  • Above R2: If the market is above R2, we shall sell upto R2.
  • Below R2: If the market is below R2, market will go up. wait for R1. Take profit upto R1 maximum(It is better to be safe & therefore try to get out of the market before it hits R1)
  • Below R1: If the market is below R1, we have 2 options:
Buy Or Sell
  • Above PP: If the market is above PP, Sell.
  • Below PP: If the market is below PP, Buy.
  • Above S1: If the market is above S1, Sell.
  • Below S1: If the market is below S1 Buy.
  • Close to S2: Better read the news.
IF THE NEWS IS GOOD:
BUY (Do not Sell !!!) and wait for the market to go up.
  1. Always Look at the candle body to study the signal, not the spike, to Judge sell or buy.
Sell bid: Take the Green Candle Top to put sell bid (SELL BID)
Buy ask: Take Red Candle Bottom to put buy bid (BUY ASK)


PIVOTS: ALL POINTS ARE VALID FOR TRADING AT 9:30 ONLY.


This is my first post... Ill be posting more educational stuff soon.... (Everything i post will mostly be for the Russell 2000 TF, Unless specified).


Good Luck..

Bugs

 
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  #4 (permalink)
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
 
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Posts: 5,902 since Nov 2010
Thanks: 3,294 given, 3,361 received

Glad to see you back in action ....Do you mind if I chime in with some of my thoughts as well or do you want to just focus on what you use/do ?

The following 3 users say Thank You to kbit for this post:
 
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  #5 (permalink)
 bugsbunny 
toronto,ontaio
 
 
Posts: 973 since May 2010


kbit View Post
Glad to see you back in action ....Do you mind if I chime in with some of my thoughts as well or do you want to just focus on what you use/do ?

if its educational yes.. y not....(but easy to understand kinda stuff..LOL)

bugs

 
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  #6 (permalink)
 bugsbunny 
toronto,ontaio
 
 
Posts: 973 since May 2010

My Second Post in a day.. Guess ive made my money or im not in pain or both.. LOL

Okay this one is rather very basic & could be used by the traders that are afraid to pull the trigger cause they have no idea where the mkt is going....

A few simple ways to trade this setup all you need is a few indicators.. if you dont have them already you could obtain them from this site(Have to be Elite!!) (Please dont PM me to post/send the indicators. Thanks)

You'll be needing Bollinger, Hma Color change, Hi Lo Activator & StochRsiMod2.
  • setup 2 Hma's one should be @ 400 period second should be @ 800
  • Bollinger should be with basic setting
  • Hi Lo Activator should be @ 21 period
Take the trade when Price moves above/below the bollinger band in the direction of the trend, dont worry if youve missed one cause you'll get numerous chances.

Confirm your order with the StochRsiMod2 Indicator.. Overbought/oversold.(sometimes you dont have to wait for the price to move above/below the bollinger if you know the trend (HMA) & just jump in if overbought/oversold conditions have been met..

Remember always have a stop loss in this case your initial stop loss should be 3 points on the TF but should be adjusted once youve gained 1 point (10 ticks) Now you can set it to Breakeven once you reached 2 points you could save 1 point the rest is upto you how much you wanna let run....(profits of course!!!)..

Hi lo activator could be replaced by anasupertrendM1 if you wanna change or dont have that indi....

Im gonna post a screenshot for everyone (Makes life easy)...

Remember all my setups are for the Traders that are having trouble to make $$$ on a daily basis.

Most Important: Never add to a losing position.. set a stop loss give a little take back a lot... Can't be a Millionaire in a Day....

Good Luck...

Bugs

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  #7 (permalink)
 bugsbunny 
toronto,ontaio
 
 
Posts: 973 since May 2010

MACDBB LINES & DIVERGENCE

Macdbb lines are an Indicator that will offer Insight into the market strength or weakness... when at key areas the macdbb lines provide information about the current market & its expected outcome for the near future, This Indicator may require the most practice to become proficient, But once you've mastered it, it will be an Invaluable tool.

If the macdbb lines are slowing & the bands are coming together, this is a sign of a weakening of the current trend & some consolidation and reversal may take place.

The swing distance on the macdbb typically indicates the trend & its momentum. If the macdbb dots are moving rapidly in one direction with very little or no pullback at all, its a strong move... This will typically happen after a period of consolidation on the charts, also the distance between the dots themselves is also a sign that will help you to determine the strength of the move.... The larger the spacing between the dots , the more momentum will be behind the move.

When strong macdbb dots move outside of the bollinger bands, this indicates that the market has a lot of momentum generally it will continue in the current direction...If you are in a position this will help you to maintain your position.
If waiting to enter into a new position, seeing the macd's outside of the bollinger bands will keep you from getting into the move too early......

If you've hit your first target area & you see the macd still has strength & momentum then anticipate it reaching your next target area......

when price reaches a support/resistance area & macd's show a strong reaction to that area(Macd's cross from above/below to the opposite band, the steep angle & distance between the BB's will verify the move.

If at an area (support/resistance) & the macd trend changes to up/down, the area is anticipated to hold.

The Macd trend is down, when crossing below the bottom bollinger band & trend is up when crossing above the top bollinger band.

If in a position "sliding" shows a reason for the current move to continue...(If in a short position & sliding on the bottom bollinger band shows the strength to hold for the next area (support)....

If in a Long posiion "sliding" shows a reason for the current move to continue .. sliding on the top bollinger band shows the strength to hold for the next area (resistance).......


to be continued.....


Bugs

 
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  #8 (permalink)
 bugsbunny 
toronto,ontaio
 
 
Posts: 973 since May 2010

Expect every top or bottom to have a 5.5 pt target on the TF... Its today's hidden move only....(11/23/2011)

Count 5/10/15 points from 9:30am EST candle & expect it to reverse @ these points...... Now 9:30's candle is the entire body & pins if any...

Good Luck.. The 9:30 Trick is very important it does work.....

& yeah this is all for TF only...

Good Luck


Bugs

 
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  #9 (permalink)
 bugsbunny 
toronto,ontaio
 
 
Posts: 973 since May 2010

If TF stays above 688 we will be abit bullish...
If it is below 684 we are Bearish...

This is for the open only where ever it moves first.....


Good Luck


Bugs

 
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  #10 (permalink)
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
 
kbit's Avatar
 
Posts: 5,902 since Nov 2010
Thanks: 3,294 given, 3,361 received



bugsbunny View Post
Expect every top or bottom to have a 5.5 pt target on the TF... Its today's hidden move only....(11/23/2011)

Count 5/10/15 points from 9:30am EST candle & expect it to reverse @ these points...... Now 9:30's candle is the entire body & pins if any...

Good Luck.. The 9:30 Trick is very important it does work.....

& yeah this is all for TF only...

Good Luck


Bugs

What is a 9:30 candle ?.......5m , 15m, 30m, ...?


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