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Technology Stocks : REAL TIME TRADER -- Ignore unavailable to you. Want to Upgrade?

To: trade15 who wrote (2017)	1/26/1999 9:24:00 AM
From: Bruno Galliano	Respond to of 2358

Duane I use both 1 min charts and 5 min charts with RT trader. I save a page with my 1 min charts called 1-min and then resave it under the name 5-min. I then simply change the time on the 5-min to 5 min charts. In this way I have identical symbols on both pages, with different time charts. One of my chat friends has developed a little system that tends to keep us in the right stocks. We use a bollinger band on color bar data. We also then use a 50 ma and a 200 ma on both 5 min and 1 min charts, and daily charts. If we want to trade long we check the daily for a positive trend, but at the lower end of the bol. bands so as not to be in a very over extended, or overbought stock. Next we check the 5 min chart to see if the 50ma is above the 200ma for a positive trend. If all is positive to this point we then move to the 1 min chart to trade the stock. On the lower 1 min chart we use volume, MACD zero oscillator, 14 RSI and a default regression slope. After finding a stock with a tradeable range, thru the global scan, we watch for a lineup of all indicators on the lower 1 min chart. By lineup I mean when the price is near or on support of a 1 min chart, or at the lower side of the Bol band. When the Reg slope makes a saucer type bottom, or comes from a deep bottom and is starting up,and the RSI has bottomed and is starting to make higher hooks, or higher bottoms. This we have found is a pretty low risk area to enter a stock on the 1 min chart for a scalp type profit. Keep in mind tho, that all stocks have their own personalities, patterns or areas they like to trade in. Your chances of success are much greater if you learn a certain stocks movement or action before trading it. We all have favorite stocks that we like to trade. I am sure you will find a basket of stocks that you can trade successfully, with this system. The above system is not foolproof, but a good start to developing your own system. IMO it will tend to keep the odds better stacked in your favor, if you practice good money management with it. Finally, I am sure there are better programs around then RT trader. But for what the program costs, I have not found anything close, that provides the number of indicators and graphing capabilities assembled in one simple program that can be applied to realtime? data. I always use the term Realtime, loosly when applied to internet delivery. None the less, you can trade successfully with it. If it had Realtime news it would fullfill all my needs. We can discuss the pros and cons of software forever. My point is that this program with its data can be used profitably. I do it, and I am sure that anyone dedicated can. Hope this helps