YungTrader's Ultimate Indicator

[television]

I'm gonna have to take the day off from trading. I have to study for some things for school.

ap tests? i got stats and psych

 

[YungTraderFromMontana]

ap tests? i got stats and psych

Ya I got Physics, US History, and Micro Ec. I probably won't trade at all tomorrow or Friday either because I have tests on both days.

 

[YungTraderFromMontana]

Wow GWB continues to print I still have half my shares from 5/3.

 

[theopacc13]

testing out bearish scanner with weekly, in an attempt to find best shorts for the very plausible 2nd crash. Returns mostly United stocks and small Bancorp's. I will update with the shorts I will be entering tomorrow morning after sorting through the results of the weekly scan

 

[akykn]

COG, COF, CAT my short plays also I might add BAC and UAA.

Anyone grabbed those plays?

 

[TrueDepth]

Yeah, I tried. Apparently there is a person named “TrueDepth.” Also, I’m assuming the light grey lines are the true depth?

I am not a person.

 

[YungTraderFromMontana]

testing out bearish scanner with weekly, in an attempt to find best shorts for the very plausible 2nd crash. Returns mostly United stocks and small Bancorp's. I will update with the shorts I will be entering tomorrow morning after sorting through the results of the weekly scan

I like using the weekly one for atl breakdowns.

 

[YungTraderFromMontana]

I'm not sure if it will work but I'm going to try to make a scanner that heavily incorporates fe and he. I just hope it doesn't exclude good plays.

 

[akykn]

Im so mad I did not get into CODX 21 calls. It was $.40 now $4.60

 

[camitos]

I think this is great and thank you for sharing but far too advanced for a newbie like me plus im using TOS paper and cant add custom scanners.

ill have to stick with the trend reversal arrows with the RSILaguerreFE, I'll watch that video

GLTA

 

[YungTraderFromMontana]

I think this is great and thank you for sharing but far too advanced for a newbie like me plus im using TOS paper and cant add custom scanners.

ill have to stick with the trend reversal arrows with the RSILaguerreFE, I'll watch that video

GLTA

Be careful with trend reversal because it repaints.

 

[HSI1600]

I think this is great and thank you for sharing but far too advanced for a newbie like me plus im using TOS paper and cant add custom scanners.

ill have to stick with the trend reversal arrows with the RSILaguerreFE, I'll watch that video

GLTA

@camitos - I opened a $50 dollar account and did not trade but was able to run custom scans until I was ready to start trading for real. You can run the custom scan and trade on the paper account. Over-analysis leads to paralysis. Don't just stick your toe in. Real trading and time is the best teacher as long as you use proper money management. Here is a free one that I started with then modified for my personal use:
Money Management Calculator - Market Insiders Club

 

[HSI1600]

If you dont mind me asking, what do you base your entry on? I know the scanner is bringing these picks to the surface but when you have one on watch what is your criteria to enter the trade?

@Atticmonkey81 - I look for a retracement. I place a bracket order at where I believe the retracement will occur. I never buy at the market, but using the L2 I speculate where the market will retrace before continuation. The success rate has been around 92% since using YT scanner.

 

[camitos]

I opened a $50 dollar account and did not trade but was able to run custom scans until I was ready to start trading for real. You can run the custom scan and trade on the paper account. Over-analysis leads to paralysis. Don't just stick your toe in. Real trading and time is the best teacher as long as you use proper money management. Here is a free one that I started with then modified for my personal use:
Money Management Calculator - Market Insiders Club

Thanks for the resource but I do have my risk mgt stuff already, I'm just trying to focus on figuring out a good simple strat on a very clean chart.

This is the cleanest I can get it, how would I determine a good entry? https://drive.google.com/open?id=12OohFzEIsYKRe7EMZUl7-0-QcbINRVCL

HSI I know yours was:

1. Price above cloud (Ichimoku)
2. d+ is greater than d- (Holy grail)
3. ROC is going up
4. FE - Yellow is going down

I understand everything except the ROC. I would assume that's the rate of change but where is it on this chart?

Thanks for your help

 

[HSI1600]

I opened a $50 dollar account and did not trade but was able to run custom scans until I was ready to start trading for real. You can run the custom scan and trade on the paper account. Over-analysis leads to paralysis. Don't just stick your toe in. Real trading and time is the best teacher as long as you use proper money management. Here is a free one that I started with then modified for my personal use:
Money Management Calculator - Market Insiders Club

Thanks for the resource but I do have my risk mgt stuff already, I'm just trying to focus on figuring out a good simple strat on a very clean chart.

This is the cleanest I can get it, how would I determine a good entry? https://drive.google.com/open?id=12OohFzEIsYKRe7EMZUl7-0-QcbINRVCL

HSI I know yours was:

1. Price above cloud (Ichimoku)
2. d+ is greater than d- (Holy grail)
3. ROC is going up
4. FE - Yellow is going down

I understand everything except the ROC. I would assume that's the rate of change but where is it on this chart?

Thanks for your help

@camitos - ROC is not displayed on your chart. Yungtrader has a bottom study for this on this thread. Your upper chart doesn't show supp/res but I would OCO Bracket 1.40 TP 1.60 SL I use ATR*1.5.
I only buy on the golden uparrow provided by YT's scanner. Its hard for me to actually analyze this trade due to our upper and lower studies are different.

 

[television]

@camitos - ROC is not displayed on your chart. Yungtrader has a bottom study for this on this thread. Your upper chart doesn't show supp/res but I would OCO Bracket 1.40 TP 1.60 SL I use ATR*1.5.
I only buy on the golden uparrow provided by YT's scanner. Its hard for me to actually analyze this trade due to our upper and lower studies are different.

lmao do u realize hannibal was carthaginian? nice cope

 

[camitos]

@camitos - ROC is not displayed on your chart. Yungtrader has a bottom study for this on this thread. Your upper chart doesn't show supp/res but I would OCO Bracket 1.40 TP 1.60 SL I use ATR*1.5.
I only buy on the golden uparrow provided by YT's scanner. Its hard for me to actually analyze this trade due to our upper and lower studies are different.

@camitos - ROC is not displayed on your chart. Yungtrader has a bottom study for this on this thread. Your upper chart doesn't show supp/res but I would OCO Bracket 1.40 TP 1.60 SL I use ATR*1.5.
I only buy on the golden uparrow provided by YT's scanner. Its hard for me to actually analyze this trade due to our upper and lower studies are different.

Thanks for your reply but my chart does indeed show SR, I didn't remove those plots from the study.
1.40 target price with a stop loss of 1.60? Are you shorting? I'm confused. what price would be the entry

I'm only interested in long trades too btw.

 

[akykn]

Positions for today:
SHORTS PLAYS
BAC, CAT, CCL, FDX, JPM, KO

 

[television]

woke up late and forgot to post my list here but these were my picks before market open for options
up 90% on pm rn
down a bit on cf and 10% on KO
didnt play any of my longs cuz market strong and vix (plus ntes and azn had gap downs and showed 0 strength)

 

[cfw238]

@YungTraderFromMontana Whenever you get a chance, if you don't mind posting your grid, it would help with selecting the color for the hurst cycle. Really hard to pick different color. THANK YOU.....