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nasabear

5,963 Posts.

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30/10/14

20:32

Post #: 14211073
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Originally posted by nihilism ↑

What you will scAn for in terms of indicators and volume will vary based on your trading style, methodology and what period the market is in.

memefx and hll, some of the better true daytraders look for reversals based on announcements, macro economic factors and on volume price movement

mitta looks for a range of indicators but likes dominant white candles, or bullish engulfing candles, depending which trading book youre reading

strauss likes fa and peer comparisons. Not a true daytrade strategy but id bet he makes more money than the average dt

Endless trades breakouts and swings, lives in reality and has probably the best idea of position sizing and loss prevention strategies here

Fib likes basing pattern breakouts with an fa twinge. Not an exact science but one of the more reliable patterns, see nxr, based from its high and now its back there.

i like basing patterns also, they are reliable and often show sentiment of the stock is reversing. Good to watch obv with this pattern, should help nail down timing. I also like to watch for big announcements and trade them, normally good for volume. Cornelius has a great radar for big announcements and when he says its big, generally the market agrees.

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Hi Nihilism;

What about me?

Kind Regards
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