Recent content by soultrader

Excellent duc. It seems like all you did was find a market that worked with the MACD. You entirely missed the point of the thread. dovetree, the TICK Delta is misleading. It should actually be labeled Volume Delta. What it does is it take the number of contracts at the bid vs the number of...

I agree that indicators can help a trader in many ways. Whatever works for you great! But still indicators are a derivative of price. Here is an excerpt from an interview of Linda Raschke Bradford: AT: Even though you emphasize the primary role of price action, you still seem to use...

I come from a poker backgroun so it has helped me tremendously in trading. I dont want you to take this as a legitimate advice but I'll tell you what has worked for me. Soul searching I really dug deep into my own psychology and compared it with what I was doing right in poker and applied it...

Good point Bobby. But whenever I see TRIN extremes, I just have to hold overnight. I exit at premarket so Im only holding for several hours. But I guess this would be the only exception :)

Bobby, It's long not short. The idea behind it is that everyone is short so you go long at the overnight session. A very contrary strategy.

There are a few strategies based on fading TRIN extremes. But this is not common. For example if the TRIN closes at extreme readings of 1.5 and above (prefer 1.9-2.0), there is a good possibility that the markets will gap up the next morning. (have tested this out with index futures only) But...

All the strategies I mentioned are setups I take on a daily basis. I have a handful of intraday setups that I apply to my trading and I take them automatically. I also find it hard to discuss any intraday topic to someone who doesnt even day trade. So, yes I am wasting my time and yours...

Sorry about the charts. I have uploaded them again. Heres them in order: Chart 1: Chart 2: Chart 3: Chart 4:

You have fading and breakouts all mixed up. Here are a couple charts I would like to share to make things clear. If you knew how to use market internals properly, 50/50 is just a bunch of nonsense. First chart: This is a chart from yesterday. Internals say alot about the short term direction...

That's what I thought. Corrections: 1. TICK fades are not only for scalpers. You obviously do not know how to apply TICK strategies to your trading. 2. TRIN fades? How do you possibly fade a TRIN extreme? I have never heard of anyone fading TRIN's. The trend of the TRIN is the most...

Thank you Nizar. To be honest, I had little success day trading stocks. I wasnt losing money but I wasnt finding success. I was still a rookie trader when I started playing with stocks and I spent a good amount of time scanning stocks. I was also severly distracted by Level 2 market maker games...

True but not entirely. If day trading was only about risk management we would see alot more success rate in the field. Short term price movement can be analyzed with internals. Im a futures trader so this may be different depending on what market you are currently trading. With index futures...

Youre right... but in intraday trading everything is 100% technical. Interest rates, inflation, etc.... affect the market definitely. But a day trader can simply choose not to trade the news and focus only on well developed setups. These setups will occur over and over again. This is the bread...

Theres a great article by Brett Steenbarger where he talks about trading psychology. (Located here) He mentions how trading is more than just mastering your own psychological weakness. Most traders fail because of the lack of market understanding and knowledge. I agree with this comment. I...

I am strictly an intraday trader and never hold any positions overnight. I also trade mainly the first 60 minutes only which allows me to stay away from the screens. This might be slightly off topic but I wanted to hear you guys opinion. It seems like more and more day traders are automating...