Thoughts on Day/Swing Trading

[Smart_trade]

ST,
The chart timeframe needs to be decided on the kind of trading we intent to do. A 30 min timeframe is very good for swing trading and 5 min for day trading and daily timeframe for position trading.

One can also combine two timeframes and take trades on multiple timeframes signals.So one can use daily as a larger timeframe and trade 30 min in the direction of trends in daily for swing trades or use 30 min as a larger timeframe and trade 5 min bars in direction of 30 min trends for daytrades.

Will post some examples on the above soon...

Smart_trade
Reply With Quote

When the day trend is down and any buy signal on 30 min TF, can we take long trades on 5min TF. Plz explain.

If you are trading 5 min timeframe chart in the direction of 30 min chart and if the 30 min trend turns up then we take all long trades in daytrading but if all the 3 trends are up that is trend on daily time frame,30 min time frame and 5 min time frame are up , those trades are likely to be strong and easy to trade.It is a situation when every timeframe is favouring a long trade.

Smart_trade

 

[EagleOne]

Hi ST
You are not writing any post! I come to TJ; check out the unread posts to see your posts. Nothing! What's happening? Are you busy or something?

Anyway, I would like to see more of your insights on DeMark's Seq. Please, do your magic and revive that thread nice and proper!


Take Care

 

[DanPickUp]

Hi ST
You are not writing any post! I come to TJ; check out the unread posts to see your posts. Nothing! What's happening? Are you busy or something?

Anyway, I would like to see more of your insights on DeMark's Seq. Please, do your magic and revive that thread nice and proper!


Take Care

Hi my friend EO

Why not start your own thread with what ever ideas you like to teach or show us ? instead of bothering or demanding others to post there knowledge ?

I think, many would be with you on such a thread.

DanPickUp

 

[Smart_trade]

Hi ST
You are not writing any post! I come to TJ; check out the unread posts to see your posts. Nothing! What's happening? Are you busy or something?

Anyway, I would like to see more of your insights on DeMark's Seq. Please, do your magic and revive that thread nice and proper!


Take Care

Hello E1,

Attending to some health issues like back pain, spondylitis.....occupational hazards of daytrading with sitting infront of the terminal/computer for 8-10 hours a day......I have been adviced by doctors to immediately cut down on my computer time drastically.

But will soon address these issues and return to posting and sharing whatever knowledge I have about trading.

Best wishes,

Smart_trade

 

[Satyen]

Take care of your health Da ..... Everything else can Wait ..

Regards
Satya

 

[krish4166]

ST,
PLZ take care of your health first.
Krish

 

[prst]

Please take care of health..
health is wealth..
god bless..

 

[jtrader]

I have been trading on and off from last 2 years, mainly fx and indices. I wish there was thread like this when I started, that would have saved lot of time and money (blown accounts).

So far I have learned in a hard way and had concluded that learning and correctly interpreting PA is far superior then any indicator. After going through this thread has given some very good insights and have connected many dots for me.

Many thanks to ST and others who have contributed to this wonderful thread.

This thread is worth in gold.

ST your straight forward and simple teaching is really awesome.

I bow to you master, and please take care of your health.

 

[EagleOne]

Hi Danny boy
First of all, it is good to hear from you after you closed your thread. I thought I lost my mountain buddy!

And, I like the way your Germanic English made 'Es-Tut-Mir-Weh' kind of words like 'bothering and demanding' sound funny.

I asked ST to write on DeMark Seq, not because I don't know it (I even dare to use it on 1 or 5 min TF by tweaking the rules! . I asked because I like reading the way he explains things. No show-off, no playing with the words, no hanky-panky of any kind. Just plain speaking.

Just like you, I know him by his ID; I may never meet him or talk with him. But my brain feels a sort of kinship with the clarity of his thinking. And that, Danny boy, makes the 'arrogant' me respect him - which is nothing but an extension of my own self-respect. Same way I have respect for you.

As far as having my own thread is concerned, I can't! I am not a 24/7 trader. More importantly, I am temperamentally very impatient with people in general. But yes, if there were a forum for children, birds and animals, I would be the moderator of that forum - Super Moderator, no less!

It really felt nice to hear from you. Take care.

Hi my friend EO

Why not start your own thread with what ever ideas you like to teach or show us ? instead of bothering or demanding others to post there knowledge ?

I think, many would be with you on such a thread.

DanPickUp

 

[EagleOne]

Hi ST
Sorry to read about your backache. I had gone through the ordeal for 2 years. Went through futile medical treatments, eventully did some Yoga and other excercises. Got it fixed, touchwood.
I have a rudimentary knowledge on physiotherapy. Let me know by PM which vertebrae in your backbone are affected. I might come up with some useful tips.

Take plenty of rest. Lots of Vitamin C (neemboo paani is the best).

You take care