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AbuLeila
AbuLeila Aug 03, 16 12:46 AM

Hey Russel, great video, very helpful. have some questions for you 1-wondering what type of moving average you use? 2- the candle chart is it 1 min or 3 min? 3-this strategy i'm guessing only works for momentum stocks that have a lot of volume, right? thanks.

tomfinn92
tomfinn92 Aug 07, 16 5:48 AM

Arick, great video - thanks! Proper entry and exit - mostly entry - have been my biggest problems with trading, and although Tim and many of the more experienced traders don't use moving indicators, I have a feeling they could really help me as a new trader to time my entries better. In your video I believe those were intraday charts and 1-minute candles, correct? Could you clarify which moving average lines you were looking at in the video, particularly the lower moving average line the stoc

tomfinn92
tomfinn92 Aug 07, 16 5:51 AM

Part of my post cut off. ... particularly the lower moving average line the stock "bounced off of" and you bought on the second green candle after the bounce. This seems like a great technique and while I know it won't work 100% of the time, I do think it will help improve my trade entry timing. Thanks, in advance for the clarification and sharing your techniques to help fellow traders like me. Congrats on your successes and I hope to meet you in person in Orlando!

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Pandabear
Pandabear Aug 02, 16 3:43 PM

@A_Moving_Target Thanks. Did you understand my response? All you have to do, well it's not that simple in real time, is wait for the breakout of resistance when a stock is making higher lows to buy.

A_Moving_Target
A_Moving_Target Aug 02, 16 10:14 PM

@Chongette32 Yeah I get what you're saying, it's just that I have an issue with figuring out which spikes are the best. Like there's always stocks that are breaking previous resistance, but some pop right back under after going over resistance and some, like GRPN, keep going and hold the breakout. I have difficulty figuring out which is which.

A_Moving_Target
A_Moving_Target Aug 02, 16 10:14 PM

Also, actually getting in. A lot of the best breakouts push past resistance pretty quickly, but I don't want to use stop limits in case it's just the MM's pushing the price up past resistance...does that make sense?

Pandabear
Pandabear Aug 02, 16 10:37 PM

@A_Moving_Target Like Tim said it's not an exact science. You have to look at all the indicators and if they all line up then you trade it. Not all are going to work out, results are random so you just have to take the trade and if it doesn't work out you cut your losses.

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XRenegadeX
1
XRenegadeX Jul 27, 16 11:03 AM

Ben, what I have found is that I have to be willing to cut losses quickly. If I don't, I end up losing huge. This also seems to negate any gains I've made as well. While it may be frustrating, it can be a learning experience in losing stubbornness or even migrating to a set mentality. Stick to your strategy and make sure you have a plan for each trade. :)

RS6000
1
RS6000 Jul 27, 16 2:07 PM

I'm right there with you Ben... I have been studying longer than you have and I haven't made any good trades. I feel like I'm never prepared enough to start. I'm not sure what I'm missing either but it hasn't "Clicked" yet for me. I wanted to get a study group together in my home town but it hasn't been successful. I feel like bouncing ideas off other people in person would help tremendously (for me at least). Good luck and keep at it.

andywilliams
1
andywilliams Jul 27, 16 2:26 PM

Do you keep a trade journal? It helps to write each trade out with the reasons for your gains and losses. This way you can try not to repeat the mistakes. I have had the same struggles but the more I write my mistakes and review them the more I feel confident in myself to make the right decision next time.

OceanRider
1
OceanRider Jul 27, 16 3:07 PM

Not sure if this helps, try taking a look at Bollinger Bands 10, 1.5. It might help on your timing. Spend time looking at these. Notice how big moves, it takes a while for the lower band to catch up? Also, look at the midpoint line along the way. If you see a big move in a certain way on a daily chart, check out the same symbol on the 2 hour, 1 hour and 30 min chart. Always watch for the opposite side of the band when the moves are over. Hope this helps.

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MasterCharles
1
MasterCharles Jul 18, 16 9:53 PM

@Chongette32 you got this! No luck needed. Thanks again for the support and the info guys! I truly appreciate it!

A_Moving_Target
A_Moving_Target Jul 18, 16 10:36 PM

@Chongette32 GOOD LUCK! May we all help each other succeed.

A_Moving_Target
A_Moving_Target Jul 18, 16 10:37 PM

@MasterCharles I know the subscriptions cost money, but the DVD's are more important and you can stream and download for free from some websites. Just google "(dvd title) free download"

MasterCharles
MasterCharles Jul 18, 16 10:54 PM

I got you! Let support one another! Financial blessings to all!

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A_Moving_Target
A_Moving_Target Jul 16, 16 10:32 PM

@timothysykes I have STT, but I don't always have my computer with me, and STT doesn't have a mobile app so I'm forced to rely on TDA's mobile scanner.

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Pandabear
Pandabear Jul 10, 16 10:21 AM

I think next time if you want to buy to hold overnight look to buy after 3pm or even 3.30pm. 2.30pm is a little for a stock that's been uptrending since 11:45am.You know that at some point it needs a break so will consolidate or pullback. If it's still uptrending into the close buy the pull back. This is better risk/reward.

Pandabear
Pandabear Jul 10, 16 10:22 AM

*2:30pm is a little early I mean

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jfavila03
jfavila03 Jul 07, 16 11:14 PM

Ha! My broker trades and I asked him the same thing this morning. As for me I do allnof the above. I read book after book. Ive watched hundreds of hours of you tube videos. Several Sykes videos. I read blogs. I do google searches for other setups. I only use one setup that seems to work for me. But it never hurts to learn another

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Pandabear
Pandabear Jul 10, 16 9:24 AM

@A_Moving_Target No it's not a high of day because you're buying on the dip. If you're buying high of day breakout that's another strategy. So breakout of the flag is a dip buy using the last high as the breakout level.

Pandabear
Pandabear Jul 10, 16 9:26 AM

@A_Moving_Target Sorry should've been more clear. The flat top breakout is the high of day breakout strategy and the breakout of the triangle or pennant if a dip buy.

A_Moving_Target
A_Moving_Target Jul 10, 16 9:39 PM

@Chongette32 I see now. It's almost like, even if it's not a NHOD, it's the when the stop breaks out of the current...range that it was in that's the sign of a breakout. I get it now. Thank you!!!

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Avafa
Avafa Jul 05, 16 7:34 PM

@Quintero77 If you're referring to the settlement, with instant it takes 3 days to settle. So, you won't be able to use that money until it settles.

YawnAlot
1
YawnAlot Jul 05, 16 8:15 PM

@Avafa Yes you can trade as much as u like, i know because i used to have regular robinhood. and it says it on there FAQ.it says "Pattern Day Trading rules only apply to margic account(instant); a customer trading in only a cash account will not be designated as a Pattern Day Trader. Got it right from there FAQ

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Pandabear
Pandabear Jul 04, 16 5:55 PM

@yawnabit You're welcome :)

A_Moving_Target
A_Moving_Target Jul 05, 16 5:48 PM

Just looking at these now, these are great pictures! Tim should make pictures like these in his video lessons! Thank you for posting them!

Pandabear
Pandabear Jul 05, 16 6:08 PM

@A_Moving_Target You're welcome. :) haha I think Tim should but he probably wants us to learn ourselves. I find it so much easier to draw the trendlines. You can see support and resistance and the breakouts clearly.

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