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the easy edge for beginner traders


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the easy edge for beginner traders

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  #1101 (permalink)
Bay Area, CA
 
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Hi there..

Yeah it is a bull put spread. I would not do a bear call spread because things appear in an uptrend.


-Alli

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  #1102 (permalink)
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

this is 30 MIN swing chart - we closed this trade today at 4:09 up @ 1409

we banked 16 points this week and all of it was today -
that makes 42 % gain in 5 weeks or 10,000 has increased to 14,200 .

the reason i flattened the trade was due to the fact it pressed up to the flat line again - we will start again very soon on this pattern -

we chose to use discretionary methods this week ,instead of trading every signal do to past experiance with flatlines -if we had traded every signal we would have added another 2 points to our weekly total .



:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
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  #1103 (permalink)
Bay Area, CA
 
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received



creekboy View Post
this is 30 MIN swing chart - we closed this trade today at 4:09 up @ 1409

we banked 16 points this week and all of it was today -
that makes 42 % gain in 5 weeks or 10,000 has increased to 14,200 .

the reason i flattened the trade was due to the fact it pressed up to the flat line again - we will start again very soon on this pattern -

we chose to use discretionary methods this week ,instead of trading every signal do to past experiance with flatlines -if we had traded every signal we would have added another 2 points to our weekly total .


I just realized that I remember a successful trader saying that the market never goes anywhere really in August. It moves up and down but doesn't really make any progress in a single direction.

I think I just need to remember that because I think I was getting toasted earlier in the month on my spreads.

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The following 2 users say Thank You to Allistah for this post:
 
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  #1104 (permalink)
Bay Area, CA
 
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received

Hey there..

So I went back and re-did all my chart configs to try and get something that will work better for me. I'm using three charts, a weekly, a daily, and a 2h chart.

My thought process is that I want the weekly and daily to both be in the "bullish" state as far as the system goes. Then when the 2h breaks up into a bullish state, that is the entry signal.

One thing you have mentioned is something that had already moved a lot in a direction. I think you're referring to it being over extended and ready for a pullback of sorts. I think thats what you were referring to, please tell me if I'm wrong on that assumption.

So I was think about adding some sort of study that would allow me to see over bought and oversold situations so that even though the weekly and daily are in a "bullish" state in the system, they both may be very over bought and taking a long signal on the 2h could be a setup for a losing trade.

What do you think about that?

Here is my chart config now and I've commented on the chart as well to give you an idea how I would look at it if I was going to trade it as it is here.

What do you think?



Thanks,

-Alli

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The following 3 users say Thank You to Allistah for this post:
 
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  #1105 (permalink)
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

WOW- i could not be any more impressed with your thought process in perfecting your trading stratigy --

well done

i agree with all your thoughts and your process -

i will give a charting segment sunday for the other stocks you are playing , using the same ma's ,we used on aapl -

after the aapl move after hours - we had no idea they were in a legal battle ,as our system is based purely on floating ma's - we check news briefs only only on a daily trading basis -

again very class act process and job -my hat is off to you






Allistah View Post
Hey there..

So I went back and re-did all my chart configs to try and get something that will work better for me. I'm using three charts, a weekly, a daily, and a 2h chart.

My thought process is that I want the weekly and daily to both be in the "bullish" state as far as the system goes. Then when the 2h breaks up into a bullish state, that is the entry signal.

One thing you have mentioned is something that had already moved a lot in a direction. I think you're referring to it being over extended and ready for a pullback of sorts. I think thats what you were referring to, please tell me if I'm wrong on that assumption.

So I was think about adding some sort of study that would allow me to see over bought and oversold situations so that even though the weekly and daily are in a "bullish" state in the system, they both may be very over bought and taking a long signal on the 2h could be a setup for a losing trade.

What do you think about that?

Here is my chart config now and I've commented on the chart as well to give you an idea how I would look at it if I was going to trade it as it is here.

What do you think?



Thanks,

-Alli


:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Visit my futures io Trade Journal Reply With Quote
 
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  #1106 (permalink)
Bay Area, CA
 
 
Posts: 136 since Jun 2010
Thanks: 5 given, 64 received


creekboy View Post
WOW- i could not be any more impressed with your thought process in perfecting your trading stratigy --

well done

i agree with all your thoughts and your process -

i will give a charting segment sunday for the other stocks you are playing , using the same ma's ,we used on aapl -

after the aapl move after hours - we had no idea they were in a legal battle ,as our system is based purely on floating ma's - we check news briefs only only on a daily trading basis -

again very class act process and job -my hat is off to you

Hey, thanks for the compliments! :-) Do you think there is anything missing from this strategy at all? Would you trade that as is?

For trading the daily/weekly and using 2h and entry timing do you think that the A/D or anything else would be needed here for this?

-Allistah

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  #1107 (permalink)
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

Allistah- i am going to do and untested look at the a&d -

i am just going to use the ave daily range -

i went back to 8/13 but will only show the last 5 days to see where the numbers are-










:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Visit my futures io Trade Journal Reply With Quote
 
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  #1108 (permalink)
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

last 10 day ave are as follows

8/13 = neg 1132.02

8/14 = pos 726.45 >>>>>>>>>pivot neg 118.71 using 8/ 13,14,15 as high low and close

8/15 = pos 49.43 >>>>>>>>>pivot pos 531.35

8/16 = pos 818.18 >>>>>>>>>pivot pos 562.46

8/17 = pos 819.79 >>>>>>>>>pivot pos 441.78

8/20 = neg 312.62 >>>>>>>>>pivot pos 446.23

8/21 = pos 831.53 >>>>>>>>>pivot neg 194.11

8/22 = neg 1101.26 >>>>>>>>pivot neg 432.33

8/23 = neg 1027.26 >>>>>>>>pivot neg 686.77

8/24 = pos 68.19

:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #1109 (permalink)
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received

pic that lines up with a&d pivots for last 10 days of es


:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #1110 (permalink)
phl pa. usa
 
Experience: Advanced
Platform: tos
Trading: es
 
Posts: 1,126 since Mar 2012
Thanks: 106 given, 347 received


aapl chart


:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
Visit my futures io Trade Journal Reply With Quote


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