| StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!! | << 1 ... 53 54 55 56 57 ... 105 >>Post Follow-up |
| stratigf 43 posts msg #74223 - Ignore stratigf |
5/8/2009 10:01:00 AM
I had to be quick on the trigger this morning. Happy trading. On my way to Florida with the family. |
| TheRumpledOne 6,529 posts msg #74226 - Ignore TheRumpledOne |
5/8/2009 10:10:11 AM Looks like you're taking full advantage of the statistics. Nice trading. |
| stratigf 43 posts msg #74227 - Ignore stratigf |
5/8/2009 10:13:31 AM Rules are not meant to be broken. LOL!! |
| TheRumpledOne 6,529 posts msg #74241 - Ignore TheRumpledOne |
5/8/2009 1:03:47 PM The NEVER LOSE THREAD on BabyPips is now the most widely viewed thread there. And to think they banned me last year! |
| cr0cop 87 posts msg #74277 - Ignore cr0cop |
5/9/2009 7:34:51 PM how could i test out your indicator in ThinkorSwim |
| johnpaulca 12,036 posts msg #74278 - Ignore johnpaulca |
5/9/2009 8:26:46 PM You can't. |
| cr0cop 87 posts msg #74323 - Ignore cr0cop |
5/12/2009 10:14:19 AM where can i go to read on how to use the milk the cows indicator / buy zone indicator on aapl and rimm i found some info but everything wasn't very clear , here is what i found so far.... *PS...any more info would help THANKS IN ADVANCE* ------------------------------------------------------------------------------------- "THE BUY ZONE" (BZ) or "MILKING THE COWS" (MTC). Use a 1 minute chart for the first 15 minutes of the day. Then switch to a 5 minute chart. After the first hour, you can switch to a 15 or 30 minute chart. Things have settled down by then. The idea is to take advantage of the stock's movement from OPEN to HIGH and OPEN to LOW. ALWAYS FADE THE GAP YOUR FIRST TRADE. I usually wait for the gap to fill to consider trading the opposite direction. LONG TRIGGER IS OPEN + $.10 TO + $.20 SHORT TRIGGER IS OPEN - $.10 TO - $.20 THOSE ARE THE ONLY 2 TRADE TRIGGERS. It should be OBVIOUS TO THE READER, that if those are the only 2 triggers, the STOP IS BUILT IN!! If you can NOT see that then, DO NOT TRADE THIS METHOD!! When to take profit? WHEN YOU SEE PRICE WEAKEN IN THE DIRECTION YOU ARE TRADING. If price goes up a DOLLAR and it stops... EXIT! TAKE THE MONEY OFF THE TABLE. THIS IS SCALPING. MTC is NOT swing trading or investing. That is NOT what it is designed to do. This method always works BECAUSE... the average daily range from high to low on "cows" like AAPL and RIMM is over $1.00. The BZ is 40 cents wide. PRICE MUST LEAVE THE ZONE - IT'S THAT SIMPLE. IF YOU CAN NOT SEE THIS THEN DO NOT TRADE THIS METHOD!! If you are worried about WHIPSAWS THEN DO NOT TRADE THIS METHOD!! It's not for you. BZ or MTC trading is like playing a VIDEO GAME... There's no time to think. You know your entry ahead of time. All you do is wait for price to enter the "zone" and you pull the trigger. Your buy and sell short LIMIT ORDERS should be preloaded. You NEVER chase price, you let price come into the zone. All you have to do is look at any intraday chart with the open plotted and you should be able to see HOW AND WHY THIS WORKS. IF YOU CAN NOT SEE THIS THEN DO NOT TRADE THIS METHOD!! AAPL and RIMM are my favorite "cows". Use the FADE THE GAP STATISTICS filter to find other cows if you don't like to trade AAPL or RIMM. Stay away from GOOG and BIDU, those 2 stocks are too erratic for this method. |
| cr0cop 87 posts msg #74324 - Ignore cr0cop |
5/12/2009 10:40:07 AM what do you guys mean by "Fading the Gap"???? Thanks |
| TheRumpledOne 6,529 posts msg #74327 - Ignore TheRumpledOne |
5/12/2009 10:52:41 AM Try using GOOGLE before asking questions. You'll be amazed at how much information is available for FREE. |
| cr0cop 87 posts msg #74328 - Ignore cr0cop |
5/12/2009 4:17:50 PM Hey TheRumpledOne, does your milk the cow strategy with aapl and rimm still works well in this market? and does it work well in choppy markets? and do you try to go in the direction of the market for that day or you ONLY look at the chart of either rimm or aapl? Thanks in advance |
| StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!! | << 1 ... 53 54 55 56 57 ... 105 >>Post Follow-up |