Ideas posted are not a recommendation to buy or sell. Indices don't care about my targets/ideas. Swings: from days to weeks (options), no initial SL. Unprofessional, Amateur. EoD/BoD: End of day, Beginning of day + trailing SL
Indie trader & market technician. Sharing opinions. Study intermarket analysis and relative strength. author atmcharts.com, contribute to thetechnicalroom.com & seeitmarket.com. MTA member & CMT Level III candidate.
I am a self made day-trader/swing trader who started with only $2,000. After making a small fortune playing penny stock pump and dumps I now trade options exclusively...Circling the waters...Waiting.....
detecting an imbalance results in a call
closing your position. Prices will average out!. Therefore :
+ BUY (far) ABOVE the given level
+ SELL (far) BELOW the injurious level.
The lifetime of the level is up to severall days.
Trend Trading with Multiple Time Frames. ((Price)) is the True indicator, VWAP, MACD, Volume and TA can always help. Charts are good to set Targets, But ((Price)) only pays. So be flexible that charts can change patterns.
I employ a disciplined momentum approach to investing while using both Macro and Micro analysis to support trade ideas. I use short term intraday strategies to capitalize on supply and demand imbalances.