Saturday, January 8, 2011

Sorry For No Update + Bonus Sharing



I had 3 consequtive losses day. That's not the first. But it's surely very depressing. I'll update my journey after things got better.

Meanwhile I'll share my findings about chopped day. I am a trend trader. I scalp my losses, swing my profit. I never found sucesful trader which is a counter-trend. This tips useful for day trader who profiting from trending or at least moving price.

Tools:
Ninja Trader With Zen Fire
Time Histogram

Setting:
Period: 512 Ticks Chart
Time Histogram : Green Bar for <= 60 seconds

As u can see, after the first green bar price was moving. The logic behind this are there're sudden surge on ticks means high chance there're big money comin. But there're rules for this method like: No used at news, since it's obvious the news will surged the tick. And also after the fiirst green bar and followed by lot of green bars it's no used since big money coming gradually. Except after green bar lot of reds then green again, this method still valid.

You may not profit instantly after seeing the green bar, but the chance are much higher the market will breakout. Maybe one or two stopped out and we're good to go

You can backtested and see for yourself. For the trading method, you can used every lagging indicator in the world and follow the signal, result may be better than blindly entering on chopped market. You even can use the green bar for entry since it's signal of sudden moving price though I never research it deeper.

It's also can use as volatility measurement. If there's lot of green bar then market was in volatile mode. Expect wide and wild swing after that.

As far as I go, the movement after those green bar appeared may 30 ticks (minimum) from hi-lo. U can expect getting 10-20 ticks.

Hope this sharing become useful and every comments are gladly welcome.

PS: I learnt from the past that the more I shared about trading tips/wisdom, the more I make good trading. Is it karma :) ?

1 comment:

  1. Can you provide 150+ ticks for Sgx stocks as I am KLSE Stock Analysis done by my friend is not providing more than 50-70 ticks.

    ReplyDelete