Comments for Pimp My Trade http://pimpmytrade.com Pimp out your trading! Fri, 30 Jul 2010 02:16:10 +0000 http://wordpress.org/?v=2.6.5 Comment on My Trading Style by Sadashiv SS http://pimpmytrade.com/my-trading-style/#comment-878 Sadashiv SS Sat, 19 Jun 2010 15:37:49 +0000 http://pimpmytrade.com/?page_id=7#comment-878 Is it possible to know broad guidelines. trying to recover atleast part of the loss I have incurred. Thanks. Is it possible to know broad guidelines. trying to recover atleast part of the loss I have incurred.
Thanks.

]]> Comment on Swing Trading with the MACD by Will http://pimpmytrade.com/2009/05/swing-trading-with-the-macd/#comment-875 Will Thu, 10 Jun 2010 00:03:28 +0000 http://pimpmytrade.com/?p=498#comment-875 I disagree that MACD is an overbought/oversold indicator. Being an absolute indicator, it has no limits up or down. This is much different than RSI or Stochastics which quite often will peg zero or a hundred...and hold it. It has been my experience that MACD far from zero simply inidicates a strong trend. Now an extreme cross, may indicate a trend change, yet there are other factors to consider. I have found no value in using the histogram as a trading signal. It does make you aware that a trend change may be coming. If I have no trend on the dailys, I drop down to the 60 or 30 min chart. If still no trend...sit on your hands. There must be a trend for your intermediate time frame...then take the signals on a faster time frame in the direction of the trend. MACD and volume is all you need. I like RSI as well....never found any real use for stochastics. Best, Will I disagree that MACD is an overbought/oversold indicator. Being an absolute indicator, it has no limits up or down. This is much different than RSI or Stochastics which quite often will peg zero or a hundred…and hold it.

It has been my experience that MACD far from zero simply inidicates a strong trend. Now an extreme cross, may indicate a trend change, yet there are other factors to consider. I have found no value in using the histogram as a trading signal. It does make you aware that a trend change may be coming.

If I have no trend on the dailys, I drop down to the 60 or 30 min chart. If still no trend…sit on your hands. There must be a trend for your intermediate time frame…then take the signals on a faster time frame in the direction of the trend. MACD and volume is all you need. I like RSI as well….never found any real use for stochastics.
Best,
Will

]]> Comment on Swing Trading with the MACD by peter http://pimpmytrade.com/2009/05/swing-trading-with-the-macd/#comment-874 peter Tue, 08 Jun 2010 10:40:49 +0000 http://pimpmytrade.com/?p=498#comment-874 nice postning of this blog. <a href="http://www.tradinglounge.com.au" rel="nofollow">Peter</a> nice postning of this blog.

Peter

]]> Comment on How to Hack Finviz Stock Screener to Find Great Setups by Really Slick Investments Website – FINVIZ « Obvious Insights http://pimpmytrade.com/2009/01/how-to-hack-finviz-stock-screener-to-find-great-setups/#comment-873 Really Slick Investments Website – FINVIZ « Obvious Insights Fri, 14 May 2010 20:06:54 +0000 http://pimpmytrade.com/?p=28#comment-873 [...] can Google it and find out how others are using FinViz.  Here’s a screen shot from one PIMP MY TRADE [...] [...] can Google it and find out how others are using FinViz.  Here’s a screen shot from one PIMP MY TRADE [...]

]]> Comment on 5 Ways to Hack Stockcharts.com and Beat the Market by joerg schreiber http://pimpmytrade.com/2009/06/how-to-hack-stockchartscom-and-beat-the-market/#comment-872 joerg schreiber Tue, 04 May 2010 18:38:58 +0000 http://pimpmytrade.com/?p=591#comment-872 Dear Adam, I did not understand the volume chart. what are the black and red colours? what is 2.5 to 10 B (left), what is meant with volume drop of at 950? regards Joerg Dear Adam,

I did not understand the volume chart.
what are the black and red colours? what is 2.5 to 10 B (left), what is meant with volume drop of at 950?

regards
Joerg

]]> Comment on Top 5 Best Discount Brokers for Your Money by Adam http://pimpmytrade.com/2009/02/top-5-best-discount-brokers-for-your-money/#comment-870 Adam Wed, 07 Apr 2010 04:18:35 +0000 http://pimpmytrade.com/?p=209#comment-870 Andrew, Don't think so. However, many of the companies listed on the ASX are also listen on US exchanges. Whether options are available on a particular stock varies from stock to stock. If you're looking to arbitrage Aussie and US options though, I think you're out of luck. TOS won't give you access to the ASX. Adam Andrew,

Don’t think so. However, many of the companies listed on the ASX are also listen on US exchanges. Whether options are available on a particular stock varies from stock to stock.

If you’re looking to arbitrage Aussie and US options though, I think you’re out of luck. TOS won’t give you access to the ASX.

Adam

]]> Comment on Top 5 Best Discount Brokers for Your Money by Andrew http://pimpmytrade.com/2009/02/top-5-best-discount-brokers-for-your-money/#comment-869 Andrew Wed, 07 Apr 2010 03:18:31 +0000 http://pimpmytrade.com/?p=209#comment-869 Can you trade ASX (Australian) options with thinkorswim? Can you trade ASX (Australian) options with thinkorswim?

]]> Comment on Day Trading Strategy: Market Profile Value Area by Adam http://pimpmytrade.com/2009/05/day-trading-strategy-market-profile-value-area/#comment-868 Adam Mon, 05 Apr 2010 16:00:17 +0000 http://pimpmytrade.com/?p=547#comment-868 Raja, Indeed, that chart is for 1 minute. I will also use 5 minute or even 30 minute charts for my day trading. It all depends on my time frame. Sometimes I am in to make a quick scalp of a point or two. Sometimes I have a bias coming in that a big move is going to take place. I wait for a good entry point, say near support at VAL or one of my pivot points, and then sit back and wait for prices to get to my target, say at VAH or another pivot point. In that case I may use longer bars. That mypivots website is great, isn't it? Adam Raja,

Indeed, that chart is for 1 minute. I will also use 5 minute or even 30 minute charts for my day trading. It all depends on my time frame. Sometimes I am in to make a quick scalp of a point or two. Sometimes I have a bias coming in that a big move is going to take place. I wait for a good entry point, say near support at VAL or one of my pivot points, and then sit back and wait for prices to get to my target, say at VAH or another pivot point. In that case I may use longer bars.

That mypivots website is great, isn’t it?

Adam

]]> Comment on Day Trading Strategy: Market Profile Value Area by Raja http://pimpmytrade.com/2009/05/day-trading-strategy-market-profile-value-area/#comment-867 Raja Mon, 05 Apr 2010 10:00:40 +0000 http://pimpmytrade.com/?p=547#comment-867 The chart shown above is for 1 min ( I assume). Do you use any other time frame. I understand ,VAH/VAL is taken for 1 day. Am I right. You may some VAH/VAL values from http://www.mypivots.com/Board/Topic/5566/-1/value-areas-and-point-of-control-2010-q2 rgds Raja The chart shown above is for 1 min ( I assume). Do you use any other time frame.

I understand ,VAH/VAL is taken for 1 day. Am I right. You may some VAH/VAL values from

http://www.mypivots.com/Board/Topic/5566/-1/value-areas-and-point-of-control-2010-q2

rgds

Raja

]]> Comment on Day Trading Strategy: Market Profile Value Area by Miguel Andujar http://pimpmytrade.com/2009/05/day-trading-strategy-market-profile-value-area/#comment-866 Miguel Andujar Sat, 20 Feb 2010 23:44:42 +0000 http://pimpmytrade.com/?p=547#comment-866 Ok. Thanks for this great article, I am personally staring to learn MP. My question is at what point would you consider an entry point for a for breakout of VA .....let say in my case since I trade oil. Value Area High is 95.50, and it goes to 95.80, exactly where above 95.50 you consider a breakout?.....how high?........and do you at least wait for two TPO's? Thanks in advance Ok.
Thanks for this great article, I am personally staring to learn MP. My question is at what point would you consider an entry point for a for breakout of VA …..let say in my case since I trade oil. Value Area High is 95.50, and it goes to 95.80, exactly where above 95.50 you consider a breakout?…..how high?……..and do you at least wait for two TPO’s?

Thanks in advance

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