Replies to post #54720 on SPDR S&P 500 (SPY)

[be]

leftyg ,I am a very short term intraday trader ,( and have done that for more than twelve years now )... during a trading session ,I just sit and wait for the Qs to present itself to me , I try to follow trinq and other intraday indicators , when trinq is low (below .5) I try to... buy the dips play . When trinq is above 1.5 I try to..short the bounce play .

Best time to buy is daily RSI 2 and NAMO is extreme OS , and best time to sell short is OB .

Best time to buy is when a stock is extremly Overold , market violently dropped and stocks stayed at bottom and is going through a bottom building process . An example is C and BAC )


A good day I earn 50 cents . average day a quarter .

Bad days are ...when I ignore trinq signals and not pay attention to its slope .

Stupid days (big lost day) are...when trinq is below .5 and I went short and when trinq is above 2.0 and I went long .



Thanks, be .

The ideal trade is when the short term trend is with the long term trend .
The more time frames that signal a "same direction trade" simultaneously, should lead one to expect a higher rate of success (bobjack) .