@agonzales1308 I need to work on patience and fear.. Even though I usually have good setups.. As soon as price moves against me I just get out.. Do you know a method I could use to stay straight and be able to take it if I get stopped out?
I need to work on patience and fear.. Even though I usually have good setups.. As soon as price moves against me I just get out.. Does anyone know a method I could use to stay straight and be able to take it if I get stopped out.
Who's your broker? @agonzales1308
amg1308 Apr 19, 16 9:10 AM
I use TDAmeritrade and Etrade
BigK2539 Apr 19, 16 11:25 AM
I'm thinking of using TDAmeritrade for my stocks. I just was wondering which one was better.
amg1308 Apr 20, 16 10:39 AM
They're both pretty awesome, you can short sell through etrade though
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@BigK2539 If you want to know how much a promoter got paid look at the discloser somewhere there it will tell you how much they got paid but it is written in words not figures
I'm young and a technical trader just like yourself. My question to you is what technical tools do you use. I'm strictly just price action and Fibonacci, no news feeds or anything. @agonzales1308
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amg1308 Apr 07, 16 9:01 AM
I use macd, bollinger bands, moving averages, and volume. News feeds are pretty important, I'd suggest you have live news feed added to your trading screen.
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BigK2539 Apr 07, 16 10:37 AM
I'm mostly in Forex and Commodities. Stocks are just 12% of my portfolio. If that even. However just for my preference I've learned when the major news feeds comes out I just feel pure Price Action is the best route it's produced the best results thus far. Thank you for the feed back I'm glad you're doing so well.
amg1308 Apr 07, 16 1:30 PM
Thank you! and no problem, I really appreciate your insight as well. You seem more experienced and knowledgeable than I am, so thanks for your feedback.
BigK2539 Apr 07, 16 9:47 PM
No no.. Actual on the computer trading not much.. I've just started, but time put in to study is about 2 and a half years.
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Received 1 Karma
timothysykes Apr 07, 16 8:41 AM
Welcome!
BigK2539 Apr 15, 16 12:20 AM
Thank you! I've been following you for awhile. Love your work
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@javitrade Don't you think a short would be the better choice for the NZD/USD. I don't understand your logic to go against the short term trend here.... Wait for it to bounce off the trend line if you don't want to go short at the moment.
javitrade Apr 13, 16 9:17 AM
because I´m trying a countertrend scalping strategy that its been very profitable :) is very interesting, when is closing the London close all the pairs tends to retrace and that s the cience, you can see it every day at the same hour (11am est), the real deal here is the accurate entry
BigK2539 Apr 14, 16 10:40 AM
NZD/USD is at a yearly resistance level. Depending on the price action on the next few days could determine which direction it will be in for awhile.
javitrade Apr 14, 16 10:44 AM
this is a scalping strat, I do watch the 1hr, adr5, and daily pivots are enght to set up this kind of trades, looking for 10-20 pips
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@kroyrunner Why do you say that OTC is kind of dead? Isn't that your bread and butter?
kroyrunner Mar 24, 15 9:45 AM
It is/was, but there have just been very few opportunities there recently probably partially due to all the halts in 2014
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@kroyrunner Just how you can go to Yahoo.com to find penny stocks on the NASDAQ. Where do you go to find the OTC stocks and Pink sheets since I'm interested in those?
kroyrunner Mar 23, 15 10:56 PM
maybe finviz.com? i'm really not sure, i use market scanners like stockstotrade or equityfeed, which i have to pay for. not sure on free options. OTC kinda dead anyway so you're not missing much
Bsupa Mar 25, 15 2:13 AM
@BigK2539 Try www.otcmarkets.com/market-activity/current-otc-market
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@kroyrunner do you check SEC filings or press releases at all?
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kroyrunner Mar 23, 15 8:20 PM
i might check to see why a stock is running but that's about it, i trade off of technicals only
BigK2539 Mar 23, 15 9:54 PM
I've been studying your methods and I'm sorry for asking a question that I know you're tired of answering. I think I'm going to be more a trader like you with my own style.
mmmmmm well honestly that's kinda what makes trading hard. I'm still trying to master that, I actually started a blog for that reason, to get over my fear of losing money when I'm in a trade. I have awesome set ups, but because I got burned a couple of times before, I usually take any profit I can. Maybe it's bad of me, but I don't use stop orders, which means I have to be really careful when setting a trade.
You should use a risk calculator that you're okay with. I just researched it and that's what I'm going to use
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