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I was looking at triggers for a trading strategy and asked AI to give me some ideas.. here's what it said
Here are several potential trading trigger ideas that could capitalize on momentum and market psychology:
Failed Double Top/Bottom Pattern
When a second peak/trough fails to r
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So I've been using the Dow Strike trading robot now for a couple of months and here are the results! 37 days of trading, 34 profitable and 3 losing.. made a total of $12,821.58 on a $100k account.. that's a 12.8% return in 2 months! It's particularly active from the US open and can open up 20-50 tr
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I have an associate, some guy I met online who I talk to about trading... he's an interesting character and one of the best traders that I've ever known. I'd like to say he's a friend as we do share a bit of information about each other besides our interest in trading but I've not met him in person
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I was thinking of how I could filter my trade choices so that I can eliminate the crappy ones and only get in when I should be and not for the sake of it.
Anyway, as you know, I like to enter reading stochastics and anticipating when they turn. I've not used the 1 min stochastics enough though and the price action does respond at the tops and bottoms. The plan was to see what the 5 min stochastics was doing and then time an entry in the 1 minute.
For example, my first trade, you can see th
March 5, 2008
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The market was looking extremely choppy when I got home.. the only thing I notice was that the market was in a trending channel.. you could have sold at the top of the channel and sold at the bottom of it for profits.
When the channel broke, if you had spotted it, you would have gone long and you would be laughing.. there was a heap of profits to be made. By the time this had happened, I had traded a few times and lost so had reach my limit... no more trading!!
I did trade on my spreadbet
March 4, 2008
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I am still on the simulator.. I've emailed my trading mentor but not a squeak from him as yet! Anyway, I made a few trades today.
The first trade was a long at 132850 which was a short term double bottom. The stochastics in the 5 mins were starting to cross at this stage. I had targetted 133250 which hit the target. However, the price action managed to get just shy of 133400 which was a previous peak. I got +16
Then the price action subsided and started to fall. The stochastics were still
March 3, 2008
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