Could you analize Citibank (symbol C), using chatrs.

Would you recommend option trading for a begginer trader ?

If you have a situation where the 20 day simple moving average is above the 50 day simple moving average and price has just closed below the 20sma for the day, do you consider a test of the 50sma a more than likely condition and would you take it as a quick trade?

How can a trader tell when a trend is over and a consolidation is the current market direction?

use of stops!!!

I am trying to trade the DOW Cash…after some time now with no success…..Q!uestion I get my signal to enter a trade…I enter with a market order…..here it comes…there are times I use a tight stop 20/30 points…there are times I wait until I see 25 pts in my favour and then place the stop. Either way the market reacts to the market order and goes the opposite way until the pain is too much and I exist…..lo and behold the market then resumes the original direction.

Is it best to use market order or stops or give up altogether?
kind regards Peter R

Ray,
Is is necessary to take profits on a portion of your position at a target to counteract the unplanned losses caused be gaps against you?

When trading we are told that we should see what is happening on higher time frames and enter thru a lower time frame. For example,
you look at 4 hour and 1 hour chart before we enter on a 15 min chart. That is fine. My question is if the current trend on the 4 hr chart is bullish but the over all the trend changing to bearish how do you detect it on a 15 min chart. Per our rules because the current 4 hr reflects the Bullish we enter LONG on 15 min. Obviously we will be stopped out. How to overcome this problem.

I believe the most important attribute that a successful trader needs is to have the ability to quickly identify when a trend turns into congestion and vica versa. I can look like a genius when I follow the trend, but easily give it all back if I can’t see congestion before it’s too late. Are there good rules of thumb or otherwise that could help identify the transition?

Where is the best place to learn in detail how to enter contingency orders?

Example: how to buy a certain call option if the stock hits a certain buy point with a pre-entered order.

ques: I have seen your comments on adjusting stops for money management purposes on stock (great),

but how about position sizing on stocks, and more importantly on futures and 4x as per van tharp, ryan jones, larry williams/ralph vince..etc?

the above are a little confusing, and you seem to have an easy explanatory style

luke

Hi Ray, I want to ask you about the proliferation of indicators that are given with virtually every charting service. I keep seeing comments like “only 5% of traders ever make any money”
Now I’m assuming that this ratio of winning traders has been
roughly the same since the year dot, even long before computers were around. If that is true, then why are all these indicators not producing more winning traders?. I vaguely suspect that the pro’s are using them like a smokescreen so that the “sheep” get slaughtered on a consistant basis!!.
Could you please give your view on it, thanks. Tony. (UK)

While trend trading, I like to get in a trade after it has been consolidating. Is there a way to tell a true breakout from a false one?

If you could only choose one trading method for swing trading stocks and/or ETFs, what would it be and what are your rules for trading it?

Hello,

If you had to pick the top 3 things to utilize when trading what would they be?

1. s/r levels/ pivot points

2. trend lines

3. candle stick patterns

4. chart patterns

5. certain indicator

6. fibonacci

7. elliot wave

8. time frames – fractals

Would interested to see your view on this.

thanks,

Colin

Hello Ray, In your experience what parameters would you set up bollinger bands and what time periods are most effective using them? I would also like to have another confirmation with a slow stochastic to increase odds of the trade. I hope this makes sense. Thanks for taking question. Randy

What technical indicators do you use to make the decision to enter/exit a stock? And how do you use these indicators?

In trading, the mantra goes “Cut your losers short, and let your winners run.” So, I have a pretty good feel of cutting losers short at a pre-determined level, but how do you get out of winning trades and feel like you’ve gotten most of the goodie out of it? I’ve closed trades at 100% return, only to watch would have been profits run much higher.

Often in trading I use the Stochastics and the %R, combined with moving averages and some information about buy and sell pressure they give a pretty accurate picture of what is happening and help me choose to enter a long or short position.But equally often I had the trade going against me because instead of continuing to leave the oversold or overbought position the indicators returned below or above their respective 20 and 80 lines and stayed there quite a while and generating huge pip/tick amounts. Is there a tool, indicator,analysis which can help me to determine that the market will stay in its oversold or overbought position(after having given first a false change of direction signal) ?

Dear Ray,

My question:
In my situation I kinda have 2 options:
A. I choose the best looking trading system. The disadvantage imo is that There is no spreading risk. The advantages are that I have a clear overview and that I don’t need micro lots
B. I choose different trading systems. The advantage is spreading risk and the disadvantage is a messy overview of the trades. It’s also more work and with my budget I need micro lots.

Thank you in advance,
Paulan

Which of EUR/USD or GBP/USD is generally the more lucrative pair to trade?

Followup question: When generally are the best times to trade EUR/USD and GBP/USD?

While trend trading, I like to get in a trade after it has been consolidating. Is there a way to tell ahead of time if it will be a true breakout or a false one?

about the fibnocci on the chart the calculation entry point and target thanks very mutch G .S

RAY…HOW DO YOU USE A TRAILING STOP ORDER IF YOU THINK THE STOCK WILL GO UP OR DOWN? WHAT IS A TRAILING STOP ORDER?