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Background
- leo00o83
- Las Vegas, United States
- I'm 26 years old and have been trading for over 2 years now. I have no formal education about trading. I just read many good blogs like Market Rewind and Brett Steenbarger's Traderfeed for ideas. The more experience I get the more clear the market looks like and the easier it is to control my fear, greed and hope when trading. I'm a technical trader. I used to swing trade stocks a lot more often when there were plenty of technically appealing mean reversion set ups. The melt up of '09 has shut me out of stocks and made me adapt to other markets. Now I mostly scalp currency futures and sometimes even swing trading in very carefully selected situations.
2 comments:
Amp it up and post a means of quantifying a volume spike my friend!
I don't have readily available averages for ATR, only for volume in TOS...
BUT I'll try:
In 1min 6E_F chart FADE recent move if volume is over x2 (or over 100%) average variable MA (5) and ATR (1) is under x2 its average variable MA (5).
This would need obviously tweaking, of course, like in days of extremely quick moves up or down like in the past month when Moodys/Fitch/S&P downgraded/threatened to downgrade some PIIGS. This signal will get crushed if traded automatically without any supervision on news/rumors/etc.
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