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Commodity Trading Discussion Forum

Re: Wednesday Daytrading/David

Posted By: drmarty
Date: Wednesday, 7 May 2008, at 2:06 p.m.

In Response To: Re: Wednesday Daytrading (David AKA Tiger)

What you might want to do---what I do from time to time---is talk about the specific strategies that you use or the signals that you are looking for. For example, sometimes I look for reversal bars and ONLY REVERSAL BARS and try to show TIME AND PRICE for the reversal bar.
The one shortcoming in this is that I cannot post AHEAD OF TIME only in reference to what shows on the 30 minute chart. I use 30 minute charts and you can use SHORTER time charts. 30 minutes gives me plenty of time to act. The 30 minute chart might show a reversal bar and the signal that I use is to enter at the opening of the next time frame...that doesn't mean the next bar, but the bar after that. An hour or almost has elapsed since the reversal and this is a long time in daytrading.
ANYWAY you are doing good here....keep up the good work and more about your strategies will draw more people to you.
Marty

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