PLEASE FEEL FREE TO DROP ME AN EMAIL AND LET ME KNOW WHAT YOU THINK ABOUT THE BLOG SO FAR.
THE QUESTION I POSE IS WHETHER OR NOT YOU WANT CHARTS WITH THE TRADING SIGNALS AS I HAVE BEEN DOING OR WOULD YOU JUST LIKE THE SIGNALS WITH PRICE LEVELS?
SOMETIMES IT TAKE ME AN EXTRA 10-15 SECONDS TO LOAD THE CHART ONTO THE POST AND THAT IS TIME YOU COULD HAVE EXECUTED YOUR ORDER IN.
THE REASON I INCLUDE THE CHARTS IS SO THAT ALL OF YOU CAN SEE EXACTLY WHAT I SEE WHEN I MAKE MY DECISIONS.
LET ME KNOW YOUR PREFERENCE.
THANKS
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3 comments:
Charts are a must.....the market has been a little to fast for all of us....just have to bear with it things will slow down. You know nothing stays the same. Just an idea to warn everyone when its this fast be careful and you may want to sit out the day..after all sitting on your hands once in a while isnt' the worst thing. I would not want to trade without seeing the stochastics
don
Hi,
Can you explain how "OPENING RANGE TRADING AND THE 1ST HOUR RANGE TRADING" method works, or point to the description?
Many Thanks,
Lugo,
The Opening Range is really nothing more than the opening rotation in the S&P pits and this can take anywhere from 4-11 minutes.
The way I get my opening range is to watch the SPY trade and once I see a noticeable drop off in volume I assume that the opening orders have been filled and the range has been established. About 85% of the time this occurs in the first 5-7 minutes of trading.
Now once I have the opening range I use it as a breakout point. If the market is outside the range and it moves back into the range either through the top or the bottom I trade the direction of the break. Typically you should see a quick run of 2.5 to 4 points at the first move back into the range.
You know what, send me an email at 167fortune@gmail.com and I will email you the ins and outs as I need to show you some charts also.
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