Nice trade!I was wondering how large your watchlist is and what types of stocks are in it?
I was wondering how large your watchlist is and what stocks are in it? Thanks so much.
Hi t-money,I was away all this time and could not reply. Sorry for that.I have a small watchlist of around 65-70 stocks that I go through every evening to see if there is any setup. I prefer to trade stocks from my watchlist because most of them are highly liquid stocks and have their support and resistance drawn on the chart and I also know their trading behavior. I have around 2-3 stocks from steel, coal, agri, gold mining, tech, oil refineries, internet, silver miners, biotech, banks, airlines etc. In a different quote window, I have the indexes, gold, silver, crude, financials. Day Tradr
Do you have your support/resistance levels drawn from the daily chart or some other timeframe? And do you scroll through your watchlist over and over, or do you set alerts from the night before? Thanks for all the input.
Also, as a follow up to my last question, are you using a specific timeframe in your trading as well. I have been doing this awhile but have recently seem to hit a wall with my trading. I was also wondering if you could copy and paste your watchlist or email it to me at firstname.lastname@example.org. I can understand if you don't want to, I am just looking for a different option to my trading as I have normally traded gappers. But it seems as if they don't have quite the range that they once did.Again, thanks for all the help and responding to my questions.
Hi t-money,I have S/R on the daily chart and keep the 7 day 15 min. chart update with S/R when I see any pattern on the daily chart that interests me. But more often, I use daily pivot points on stocks and have seen many stocks that are attracted to the pivot points on the intraday chart, like TNA. I do not scroll through my watchlist over and over. I keep some stocks that I want to focus on that particular day in a separate window to see if anything sets up and also add price alert to some. I like to trade setups that have inside bars and use my broker TradeStation's radar screen where it shows the stocks that have an inside bar based on the parameters that I have set. For example, my main focus coming into today were gold and silver, based on the pattern they formed on the 20 EMA on daily chart. I try to keep my trading very simple. I mostly use 15 min. chart (that suits my personality. I am kind of a slow person) and at times 5 mins. charts if I want to take any early entry on setup that I am confident. I haven't updated my watchlist for quite sometime (was away from trading for some weeks and have been mostly trading indexes and precious metals because of the market volatility). I'll email you my list. Here is a link to one of HCPG's post which I had bookmarked a couple of weeks before and thought you may find it useful.http://highchartpatterns.net/wp-content/uploads/2011/07/hcpg2.jpgIf you have any questions, just leave a message and I will be glad to answer them (I may be a little late in replying).I am sure you will find a way out. Just let me know if I can be of any help.
When you are talking about Daily Pivot Points, do you mean S/R levels where there is a pivot and a move in the opposite direction on the daily chart, or are you talking about the actual formula that calculates the intraday pivot points like R1, R2, S1, and S2?
Hi t-money,Yes, I mean the intraday pivot points like R1, R2, S1, S2.
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