|
PureBytes Links
Trading Reference Links
|
While I am still trading almost always in the market mechanical S&P
and Nas system, I also wanted to develop a low to no cost day trading
system.
1. You can use Lycos to get free Nas and S&P live charts. For $9.95
per month you can a lot more.I like being frugal.
2. The Lycos has built in indicaters and my favorite is the moving
average volume.
3. I trade off of 1 min. , 10 min. and 60 min. bars looking for
concurrence and I started with a $10,000 test account.I also know my
own S&R's as a backdrop and posted these calculations this week.
4. I also check for breadth [Advancers vs Decliners]and the simpest
way for me is to just go to the Oddball site hourly and see that
status.If red, decliners beat advancers. If green vice versa. I
disregard the Oddball numbers.
5. I trade with no stops because I like my entries and am not adverse
to averaging up or down one time as long as I do not take 2
overnight.I have taken as low as a 1 point profit and as high as a 20
point profit. Most fall in between and are assesed on my tolerance
which is a personal thing.
Over the last 2 weeks I am up 50 e-mini points and have not taken any
losses that were not reversed out the next day.I know that is not a
track record but it is a start. It is just retirement fun. Sometimes
Lycos is down and when that happens I take the day off rather than
fight Lycos.I may just be lucky so far.
Frankly, Hurst-Fourier, Pitchforks, Fibs, Ben's proprietary
indicater, Astrology and other things posted here have been helpful
to me from a perspective standpoint.There seems to be a little bit of
luck or "feel" in all of these too.
Once again, this may all be luck but so much of what I see posted is
the result of conjecture or educated guesses, I thought it was time
to share this.
No doubt this can be modified or bettered by the geniuses on this
list, but so far this simple little "system" has been fun for me. I
trade until about 1:30PM and then go smoke a good cigar [I do not
inhale,I just like the taste]and have a long swim... Hans Selye's
answer to stress.
Sincerely,
John
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Save on REALTOR Fees
http://us.click.yahoo.com/Xw80LD/h1ZEAA/Ey.GAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|