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Partner 728x90

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My Trading Style

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    My Trading Style

    Hello everyone,

    Let me tell you about my trading style. I scalp stocks, scalp futures, day trade stocks and position trade stocks. I use a modified tape reading style for all my trades. I look for 2 or 3 chart patterns, verify them with the T&S and manage the trades accordingly. I use eSignal for charting, IB for brokerage, InteliScan for scanning and Ninja Trader for order entry, management and exit.

    I also belong to 2 chat rooms and I use the reccomendation from these rooms too.

    The chart patterns I use are the up triangle, down triangle,top doji and bottom doji. I use these patterns because they are the few remaining pattens that have worked after the past few years of decreasing trading volume which limits the follow through of most patterns. But now that more traders are returning and trading volume is increasing, the flags, JBE, DBI and other patterns will return as well. I've attached a small image of my chart patterns I use.

    The time frames I use differ for the type of trade I am using. For scalps, I use the 1min, 5min and 15min charts.For day trades, I use the 5min, 15min and daily chart.For position trades, I use the daily and week charts.

    Chip
    Attached Files

    #2
    imported post

    Hello again,

    I've attached a chart of a YM futures trade I made on Friday 12/03. It was the right trade at the right time. It was a top doji trade based upon weaker volume and weaker follow through at the top of this range.

    I was watching the YM with the room. I had missed the rally but I saw that the YM was topping out. 1st the YM had a congestion range, the a final breakout but little follow through of this breakout.So I shorted the YM at 10645. I waited and partialed at 626 and finally exited at 607.

    Needless to say that trade made my day.
    Attached Files

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