You Are At The Trading Map
There Is No Charge - If You Learn Or Get Something From
It - Contribute What You Think It Is Worth - Trading
Is A Craft - I Should Learn It Well
chance, something less or more proper or necessary I
omitted, your indulgence for me is entreated, as there is
no one who is without fault, and in all things altogether
circumspect." - Fibonacci
Structure - Function
- Control - Logic
Structure - You should be able to tell
yourself in less then twenty words how your trades are thought
Function - trading is about a never ending process of that
structure, we buy, we sell, we sell, we buy, we profit, we
take a defined loss.
Control - You are in control, not the market, no hesitation,
no if's, no buts, no why's. One click away from profit or
Logic - not some bias, not some emotion, not some fake news,
not some dogma, we trade in the moment. The two things you
need to learn in trading?
One - Is Take A Loss
Two - Which Takes Even Longer To Learn - Is Take The
Think of it this way if the top ten trading rooms for futures
only average $34.00 to $80.00 a trade. Then that there says
Five to eight trades a day would net
you $170.00 to $640.00 a day.
You have to have a goal, a hourly, or a daily goal, then you
stop. For the hour or for the day.
One day in trading can be a hell ride, one hour at a time is
much easier to handle.
Go to globaltradetitans.com
On Trade Titans Link.
Wonderful site of insight.
What Time Frame & Whats On You Chart -
Use Whatever You Find Your Brain Works With
Try A One Hour Chart - One Hour At A Time. Gives A Broad-View
& Of The Strength Of What Your Trading. In Reference With
Some sort of trigger chart for entry or exit and or
range trading - ping pong.
10 Day 20 Point Range Candle Works Well In TOS.
In The Small Time Frames Computer Al go's, Robots Are Trading.
They'll Drive You Nuts.
It depends alot on your trading platform with tick and range
bars, the delivery of data or the lack of.
With think or swim five days is max for tick bars and 10 days
is the only setting that paints in real time for range bars.
Some days even that data flow is slow to paint.
Hierarchy - Structure
1. Pre Trip - Whats The Overall Strength In The Market Or
Underlying - One Day - One Week
I will not use the word trend, strength is
a much better word, learn to identify that strength, short
term, long term. I look for that strength with Stochastic
2. Where Is Price In Relation To The Fivots?
3. Where Is Stochastic, Is it Overbought Or
Oversold - Is It Holding In The 60,70,80 Range Or Holding In
The 40,30,20 Range.
Think Of It As Speed, Is The Market Going 20mph, 40mph, 60mph,
4. Entry, Stop Loss, Exit, So Important, If You
Took Everything Off The Chart & Used Fivots Only Where
Would Logic Dictate The Trade.
8EMA, which is The T Line,
38EMA and a 100EMA. Most traders will have a 20ema,
a 50ema and a 200ema, etc, etc.
Have Fivots, major levels for the year and levels
between those majors if the spreads are wide.
Tight spreads use the majors only. They remain the same
across all time frames.
Try Stochastic, one set at 5,3,2, (5,3,2 - another
Fibonacci sequence)to show strength & direction, IE
Most of the time its all about the Fivots. The Moving
Averages On Certain Days - Every Hour, Every Day, Every
Underlying Is Different.
Last But Not Least, Do You Really Understand The Basics?,
Do You Understand Your Trading Platform?
Do You Have Your DOM Set Up, Especially If Trading The
E,Minis. Can You Set A Conditional Order On A Option
With The DOM You Can Rapid Buy & Sell, Rapid Move
Stops Around. Pre Place Stops & Limit Orders. It's
Your Job To Know Your Craft.
Fivots - Pivots That Are
Scripted With The Decimal Numbers Of Fibonacci
Stochastic - A Good Cross Over Reflecting Strength &
Direction - Script On Indicators Page
George Lane had the right
idea, get up and trade in the morning & then take a nap
and go live. Stochastic is the letters K and D from
George Lane &
RSI - Good Indicator, Reflecting Strength
& Direction - Script On Indicators Page For Triple RSI
& Or Single RSI
Wilder & RSI
Percent R - Good Indicator, I Cannot Build One Where It Has A
Cross Over Like MACD, Stochastic, or RSI.
Larry Williams took the
letter R from the alphabet
- It Will Drive You Insane In Today's Never Ending Changing
Markets - It's So Slow
Moving Averages - They Matter Right Up To Where They Dont
& They Dont Right Up To Where They Do
Our preferred platform is think or swim,
for many reasons, script editing, real time paper account for
practice and testing.
The only one known to have a real paper trading side to it is
TOS think or swim.
If you fund a real account with TD Ameritrade ask them to set
the paper side of the account to real time, otherwise it is
Think or Swim
in TOS - Bid, Price, Ask, Sell Orders, Buy Orders.
In a instant you can buy, sell, set a stop, set a limit. Plan
ahead, it forces your brain to be mindful of what your doing and
the market is doing.
If you wont trade with a stop that controls a loss, then
consider a 400 point drop in 30 minutes as the /YM did on Dec.
Hour Chart - Certainly One Could Capture The Price Action Of One
Structure - Large Lines Are Major Year
Fivots - Small Lines Are Day Fivots
8EMA & Hull Cross Arrows & 5,3,2 Stochastic
with cross arrows.
The Stochastic Is Color Coded For Easier Viewing
Try To Hard When Trading - Simple One Hour Chart - Major &
Minor Fivots - Hull Cross Arrows - Candle Formation - Time Of
Investing And Trading Involve
Significant Financial Risk And Is Not Suitable For Everyone.
All Information Is Intended For Educational Purposes Only.
the fullest extent of the law, we will not be liable to any
person or entity for the quality, accuracy, completeness,
reliability, or timeliness of the information provided on
or for any direct, indirect, consequential,
incidental, special or punitive damages that may arise
out of the use of information we provide to any person or
(including, but not limited to, lost profits, loss of
opportunities, trading losses, and damages that may result
from any inaccuracy or incompleteness of this information).
encourage you to invest carefully and read investment
information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.
IF YOU DO NOT AGREE
WITH THE TERMS OF THIS DISCLAIMER, PLEASE EXIT THIS SITE
IMMEDIATELY. PLEASE BE ADVISED THAT YOUR CONTINUED USE
OF THIS SITE
OR THE INFORMATION PROVIDED HEREIN SHALL INDICATE YOUR
CONSENT AND AGREEMENT TO THESE TERMS.
Honor - Respect - Freedom - Country