Day Trading UNG ETF and Stock Market Help for July 30
Uploader Comments (sgomez858)
All Comments (13)
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Good video
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Thank you
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Esignal
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i agree the micro cap stock market when monitored can give huge returns [from what i know already]
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is doing when there is little or no volume, when nobody's trading then the bar in that time is absolutley irrelevant and gives you either wrong signals or makes patterns and price action harder to read. Choosing volume as your timeframe can give you clearer picture of what the market's doing and on good volume at all times =) I'm sure if you do some reasearch, you 'll find more information, this is just the nutshell.
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considering the market or stock that you trade. (many people I know use it for trading futures, e-mini like TF, there we use timeframe Volume2000 meaning that every bar is finished when there is 2000 in volume, quite simple, of course it sometimes takes 10 minutes, sometimes just 1 minute, depending on the action) The idea is, that time is in fact useless information in trading, you don't need to know what the stock(commodity/bond...) >>
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Well, I don't know if your REDIPlus platform can do that, but nowadays in almost every charting software there are few available timeframes that you can use. The standard X-min/hour/week/month etc timeframe and then alternative timeframes that do not necessarily work with the aspect of time but rather with more relevant quantities, like volume. What it simply does is that instead of one bar per minute/hour/etc you get one bar for each amount of volume that you choose >>
Can you recommend a direct broker that offers the same platform you are using?
KillerSDFormula 2 years ago
would try Lightspeed. We are moving to that platform very soon.
sgomez858 2 years ago
Do you ever play around with Micro penny stocks in your swing trading account? The Breakouts can be huge.
crazyfast999 2 years ago
Never. They are penny stocks for a reason and when they do go they go on manipulation , not real movement. So I avoid them like the plague
sgomez858 2 years ago