in these nutso times I"m trading 1 min stuff LOL, like this 1
min ES, got a nice buy when BR Squeeze recycled back to zero
those trades are mechanical because your buy stop for longs goes
over the candle high where the BR Squeeze gets close to zero and
your stop near that candle low, pretty easy. Targets are
tougher you have to play those by feel
here's the 3 min, pattern had setup there too, again I'm just
showing you what I do, don't necessarily try to do what I do.
what I've learned over the years is that trading is very
personal, each trader has to find what fits there style,
personality, and risk tolerance. It can take years for
traders to finally find their niche, it's good to look at what
others are doing to get a feel for things that fit what you like,
but ultimately in the end you have to find what works for you.
my first partner on BPT back in 2003 - 2007 was Keith Kern, his
style of trading is radically different from mine, he basally scans
100's of stocks a day, looks for volume, and plays breakouts -Steve
and I laugh because he will trade a stock for 10 cents and call it
a nice move. But he's made a good living doing this for 16
years, it fits him, it doesn't fit my style, but it works for
him.
Again find your niche, that may take time, it won't necessarily
be what someone else does. The best traders out there find
something and then focus on it. The traders who don't make
any money are the ones always looking for the new fangled indicator
or system, or holy grail, constantly bouncing around from system to
system or indicator to indicator. Clearly you need to
investigate things in order to find your niche, but you have to
settle on something eventually and stick to it like glue.
yeah that's what this guy does, big size 5 - 10K shares, if he
sells for 5 or 10 cents, that's decent coin for 10 min of work or
however long he holds, not my Styule Steve can do that too, he's a
better day trader on stocks than I am, but even he shakes his head
at times at that guy. anyway back to trading
I spent too much time writing that up in a volatile market
missed a setup, need to focus. Otherwise Steve was a member,
he called me to change his credit card number, we hit it off
basically
1 min ES
Posted by matt on 11th of Feb 2016 at 09:50 am
in these nutso times I"m trading 1 min stuff LOL, like this 1 min ES, got a nice buy when BR Squeeze recycled back to zero
those trades are mechanical because your buy stop for longs goes over the candle high where the BR Squeeze gets close to zero and your stop near that candle low, pretty easy. Targets are tougher you have to play those by feel
How do you determine which timeframe to trade?
Posted by disciple33 on 11th of Feb 2016 at 09:53 am
Obviously different timeframes yield different BR Squeeze results. When it gets less crazy do you go to 3m, 5m, ?
that works on anytime frame,
Posted by matt on 11th of Feb 2016 at 09:57 am
that works on anytime frame, choose the one that matches your risk tolerance and preference. when volatility goes up I zoom into smaller time frames.
otherwise that setup works on any time frame, 1 min, 15 min, 60 min, daily, even weekly
example and my rant
Posted by matt on 11th of Feb 2016 at 10:05 am
here's the 3 min, pattern had setup there too, again I'm just showing you what I do, don't necessarily try to do what I do.
what I've learned over the years is that trading is very personal, each trader has to find what fits there style, personality, and risk tolerance. It can take years for traders to finally find their niche, it's good to look at what others are doing to get a feel for things that fit what you like, but ultimately in the end you have to find what works for you.
my first partner on BPT back in 2003 - 2007 was Keith Kern, his style of trading is radically different from mine, he basally scans 100's of stocks a day, looks for volume, and plays breakouts -Steve and I laugh because he will trade a stock for 10 cents and call it a nice move. But he's made a good living doing this for 16 years, it fits him, it doesn't fit my style, but it works for him.
Again find your niche, that may take time, it won't necessarily be what someone else does. The best traders out there find something and then focus on it. The traders who don't make any money are the ones always looking for the new fangled indicator or system, or holy grail, constantly bouncing around from system to system or indicator to indicator. Clearly you need to investigate things in order to find your niche, but you have to settle on something eventually and stick to it like glue.
I know a guy who
Posted by a_l_ on 11th of Feb 2016 at 10:09 am
I know a guy who traded just Intel for pennies for a decade and then Apple. Huge share size, very good at it.
yeah that's what this guy
Posted by matt on 11th of Feb 2016 at 10:19 am
yeah that's what this guy does, big size 5 - 10K shares, if he sells for 5 or 10 cents, that's decent coin for 10 min of work or however long he holds, not my Styule Steve can do that too, he's a better day trader on stocks than I am, but even he shakes his head at times at that guy. anyway back to trading
keith and dodger
Posted by pluto on 11th of Feb 2016 at 10:43 am
remember them well. the good old days
Did not know that 03-07
Posted by a_l_ on 11th of Feb 2016 at 10:07 am
Did not know that 03-07 history. How did you & Steve team up?
I spent too much time
Posted by matt on 11th of Feb 2016 at 10:08 am
I spent too much time writing that up in a volatile market missed a setup, need to focus. Otherwise Steve was a member, he called me to change his credit card number, we hit it off basically
Cool. Glad you made that
Posted by a_l_ on 11th of Feb 2016 at 10:13 am
Cool. Glad you made that call, Steve.
call them 'Frailey's Rants'
Posted by matt on 11th of Feb 2016 at 10:06 am
call them 'Frailey's Rants'
That was an important reminder, thanks.
Posted by disciple33 on 11th of Feb 2016 at 10:09 am