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Day Trading from an Ogre's Point of View


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Day Trading from an Ogre's Point of View

  #341 (permalink)
 
TradingOgre's Avatar
 TradingOgre 
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Grantx View Post
Between 10:59 and 11:04 you had a cluster of candles that were above your moving averages. The averages all lined up in that instance so why didnt you consider that a long signal?

Forgot to post that rule. Needs to go below the 21 ema after any signal. Best is below the 60. Those were all above after the signal. Trying to get in early and only on reasonable pull backs.

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  #342 (permalink)
 Grantx 
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TradingOgre View Post
Forgot to post that rule. Needs to go below the 21 ema after any signal. Best is below the 60. Those were all above after the signal. Trying to get in early and only on reasonable pull backs.

Have I got this right?
  1. Moving averages have to line up in order
  2. Price must break back into the 21 MA(considered a pullback).
  3. Trade signal on 21 MA breakout

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  #343 (permalink)
 
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 TradingOgre 
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Still a sim trade just posting as an example. If it comes back to take out the stop, so what. At this point it is hit the target or hit the stop.


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  #344 (permalink)
 
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 TradingOgre 
Evans GA/USA
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Grantx View Post
Have I got this right?
  1. Moving averages have to line up in order
  2. Price must break back into the 21 MA(considered a pullback).
  3. Trade signal on 21 MA breakout

Looking for a candle in the direction of the trend, one after it in opposite direction. Entry is buy or sell stop at the high or low of the candle pair.

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  #345 (permalink)
 
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 MiniP 
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TradingOgre View Post
Still a sim trade just posting as an example. If it comes back to take out the stop, so what. At this point it is hit the target or hit the stop.


What TF?

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
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  #346 (permalink)
 
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 TradingOgre 
Evans GA/USA
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MiniP View Post
What TF?

500 Tick.

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  #347 (permalink)
 
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 bobwest 
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MiniP View Post
What TF?


TradingOgre View Post
500 Tick.

Oh, I see.... "What TF?" means "What Time Frame?" Duh. When I read it, I thought it meant "What the F---?", which didn't seem quite right. This sounds much better.



Bob.

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  #348 (permalink)
 
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 TradingOgre 
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bobwest View Post
Oh, I see.... "What TF?" means "What Time Frame?" Duh. When I read it, I thought it meant "What the F---?", which didn't seem quite right. This sounds much better.



Bob.


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  #349 (permalink)
 
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 lovetotrade 
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bobwest View Post
Oh, I see.... "What TF?" means "What Time Frame?" Duh. When I read it, I thought it meant "What the F---?", which didn't seem quite right. This sounds much better.



Bob.

Haha Bob, totally thought the same thing! I was like dang that's messed up.

Rule number one in the markets is to never lose money. Well since that isn't realistic, I say if you're going to lose some money anyway then lose small, but when you win, give it all you've got and win big!
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  #350 (permalink)
 
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 TradingOgre 
Evans GA/USA
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Guess it will be a while before first trade. Oh, well. I set an alert to catch any price crossing the 21 or the 60 in case I am distracted.



Volume seems a bit light this morning. Volume yesterday was around the 10 day moving average. We will see if it picks up in a little bit.

Who's ready for a big trending day? Would be nice. Get in, make a move and be done in just a few minutes.

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