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top 3 systems for daytrading


kenny123

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In my belief no system will help you or do the work for you.

Navitrader is just a method that identify pivots- that can be done by looking at a 6 tick renko chart.

You have to combine a trend following system with the understanding of how the market is working.

Take a look at a typical trade i just took in real time-

Market went up and started to reverse down at exactly 2.61 - i did take that short for 1.5 points because i KNOW that i am going AGAINST the market and i dont play with fire in my day trading account- see left arrow.

I was waiting for a long- but not just any long- i expected the one from the 38 fib , market stopped dead right there so i took a long trade right there.

I actually used 1 tick to enter because it was so SURE.

Now my target is 1.918 extension so i got my stop at be plus 2 ticks and i am waiting.

Take care

Traderbeauty-Jane

http://i61.tinypic.com/21o3bc8.jpg

Edited by Traderbeauty
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sorry-

just came back home- i had a bracket order - one was a stop loss and the other one was my target-

you can see that i got to my target AS PLANNED-

now you have to understand that NO SYSTEM will do that-

This was a very simple typical trades that i do every single day.

Cash- thanks a lot- it really does not matter what you use- i like the ETC because of its definite "black and white" signal- so when i WAIT for an entry- it just confirms it- but basically you can use any signaling indicator.

Hope it helps and here is the end of the trade:

take care and have a great long weekend ( no trading monday on globex if i am not mistaken ).

traderbeauty-Jane

http://i.imgur.com/sRmvgEA.jpg

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