Topics and Tips Covered
|
- 20 MA and 50 MA - between is No Trade zone
|
- 50 and 200 period Moving average
|
- 60 minute chart - 20 period MA and trend and RSI placement/neutral
|
- 60 minute chart - Critical to have trend or expect snapback
|
- Accumulation and Distribution
|
- Adrenaline Trades - NONE - Wait for proper setup only - less painful
|
- Backup plan before going into a trade
|
- Better to be out of a trade then in one and wish you weren't
|
- Bordom trading - counter trend
|
- Business of trading - need to follow the plan
|
- Capital preservation is job ONE
|
- Channel trading - Las Vegas trade show - who sees a trade?
|
- Confluence or Consolidation
|
- Control freaks - cannot control markets - stack probabilities
|
- Cost basis close to major support or resistance levels
|
|
- Executing a trade and considering MTF charts for Risk
|
- Expectations in trade not met then get out
|
|
- Failing trades - 20MA goes flat then get out
|
|
- High vs low probablity trades
|
- Junior traders and the one that got away
|
- Low probability trades - just because you can does not mean you should
|
- Moving Average support with MTF
|
- News and earnings announcements
|
|
|
- Pressure to trade - Damage and disrepair
|
- Professional trader - becoming one and growing confidence
|
- Random distribution of winning and losing trades - Revenge trading
|
- Revenge trading - avoid - Alpha males and Alpha females
|
|
|
- Scale in levels - where do I scale in?
|
- Scale in only in direction of solid trend - Senior trend
|
- Scaling - not comfortable - do not do it
|
- Scaling and distance to resistance levels
|
- Scaling and Trailing stops
|
- Scaling Entries - Risk assessments - Trend and support nearby
|
- Scaling entry is very far from 20 MA - Back up plan - initial entry is small
|
- Scaling in sideways - Do not do !!!
|
- Scaling into trades only WITH trends
|
- Scaling pyramid - with Trend, Cost basis improvement - Support and Resistance
|
- Scalping day trades turn into long term holdings
|
- Size of entry - number of contracts
|
- Speedline trend continuation trade - 5 and 15 minute charts
|
- Speedlines need to go with the trend
|
- Support and Resistance transition phase - S and R less effective
|
|
|
- Time is not your friend in a failing trade
|
- Trade with trend only - Never take a counter trend trade
|
- Trading the money, contract size and comfort level
|
- Trend needs to have AIR in bars to count - Junior and Senior
|
|
- Trends and names - all stars in alignmen
|