Trading Mid day discussion on sector ETF and other trades

[carparthero]

Thank You Steve!! All the best for success in 2010

[harshterrain]

Steve,

I've been following these videos on and off for a few months. I noticed in this video at time 00:34 you are showing a form titled INDICES which you have many ETFs loaded into. Is this a trade ideas form? If not, what software is it? Thank you.

[sgomez858]

Its a Board view on Lightspeed. Most platforms have a Board View that can be sorted many ways.

[antoniozeus4]

As a young finance student, who is taking my first course in technical analysis, this is amazing footage looking into how T.A. can be used intraday. Keep up the awesome work, youre a great motivation Mr. Gomez

[glowenthal]

Hey Steve,

Great educational video. I really like your vibe and I hope to emulate some of your trading skills in the near future. I also plan to pick up some of your past courses you are selling soon. Keep up the good trades and good intentions toward all us traders.

Peace

Graham

[cmb6969]

What trading platform do you use?

[sgomez858]

I use Lightspeed Direct Access platform

[jasoneyes01]

Thank you for this valuable information Steve. I have been watching your videos daily. This has helped me avoid many pitfalls being new to this risky trade. These chart analisys videos are the bomb. Can you do a video and explain indices in depth, and your technique for evaluating the different markets. What are your thoughts on Bollinger Charts? What charting software do you use? Thanks again

[eightbitgnosis]

I really like your ETF setup

[momoville100k]

yesterday morning was great trading DIA and SPY i never trade on fridays but did but mornign session was great mid day was tricky and did somthing i have never done before and went against my better judgment and decided to make a trade the last 10min into the close wont do that again. great videos have learned alot from you guys in twicking some things keep up the great work

[elvisuptown1]

good stuff.

[smithersandburns]

Good video. But I'm still a little confused about how you knew the market had stopped going down there in the 10:15 to 10:30 area. Was it because it broke the trendline of the previous highs? or the 10 period moving average leveling off and starting to go up? Or something else? And Is the 10 period moving average a lagging indicator or is it reliable in real time? I have always been a little confused on that as well.

[lti12]

you never know, the strong ETF's started to move higher, and the SPY followed. But it could have easily all turned around on a dime.

[sgomez858]

yes but the point was what to do with the SRS long? Seeing IYR rip to highs and the market did not, was a simple cue to cover the trade asap.

[Jonathanio3]

Thanks for the vid Steve, it's good to hear you again ;) looking forward to more

[lti12]

is that yellow line in the middle of the chart your stochastics?

[sgomez858]

It is a basic RSI line. Relative strength index. Just another Oscillator to use for over bought over sold

[JohnGotti1]

Looks like you moved to Lightspeed already...How are you liking the platform so far?

[sgomez858]

very well. Andy is not far behind

[fungusmongo]

nice