Wednesday, October 29, 2008


done now, cover SRS + $ 4200
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3 comments:

Unknown said...

FNG,
What are the green and red lines at the top of the chart indicating? Is it that those are your entries (short in this case)and the red and green lines at the bottom of the chart where you scaled out?
Thanks!

-todd

2:21 p.m.
Unknown said...

Hi,
I am so impressed with your results.
I would like to follow your strategy with 5min & 15min chart. Which stock should I start with? Is QQQQ ok? Also, do you use any other indicators such as Stochastic?
Also, what do you look for in 15 min chart?
I've been studying your chart and I can't figure out exactly when you go Long or Short.
Could you please tell me what you look for when you Buy long or Sell Short?
Thank you very much.

5:56 p.m.
Scott said...

When I'm long a red line would show the entry. When I sell that long a green line would show the exit.
When I'm short a green line would show the entry and then I would mark a red line at the point where I exited that trade( and probably went long)
I do try and "park" my second set of red and green lines out of the way and either above or below the price action.During these fast markets it may be a bit confusing.
I have no opinion on what would be a good stock to trade other than it's good to trade something that has a large daily range so you are trading for dollars instead of pennies.
I don't use stochstic or any other indicator. Only the charts themselves.

6:26 p.m.

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