Jump to content
Christopher

Chris's daily trade talk!

Recommended Posts

Really tough week for me, 11 Trades, 1 winner. Ouch! 

-Recap-

-Review-

- I figured out why I hit max loss today and yesterday ... and feel better : p -

 

Edited by Christopher Patterson

Share this post


Link to post
Share on other sites

Yo! I'm gonna be taking a break from recaps/review vids, I got family hanging out this week and then I'm heading up to Oregon for 4-5 days, I should be back mid next week.

gl!

 

Share this post


Link to post
Share on other sites

Hi Chris, I notice you use two Time & Sales. How do you have them set up and do you find it useful?

Kevin D.

 

Share this post


Link to post
Share on other sites
31 minutes ago, Kevin said:

Hi Chris, I notice you use two Time & Sales. How do you have them set up and do you find it useful?

Kevin D.

 

What up Kev! 

The top T&S only shows orders greater than, or equal to 2000. The bottom T&S shows all orders strictly less than 2000. Here are the settings...

top

image.png.2d5ec0974748c1c5cdb65902c654ff97.png

bottom

image.png.98d7da1f47de4f59d19551680490c28b.png

The top gets ride of a lot of the white noise, for example I took a trade on $NKLA yesterday when I felt the bulls were gonna rally, and here is what the tape looked like after it broke $29.00 (from the bottom)

image.thumb.png.17093cb333c0059890382cce183d1512.png

The top T&S tells me if the bigger players are interested in the move, and the bottom one gives confirmation by the rate at with which orders are being processed. So if price is pressed up against some key level, lets say $29, and some large orders starting going through the ask at 29$ , and my bottom T&S lights up green, it's pretty fair to assume we're gonna break that level with a lot of momentum. 

 

 

  • Like 1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.