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Strategies & Market Trends
My Day Trading Strategy
An SI Board Since December 2008
Posts SubjectMarks Bans
42 9 0
Emcee:  zigzagman Type:  Moderated
This board is to explain the Day Trading strategy I've developed over the last fifteen years. My strategy is based on reading Candlestick Charts with just a few Technical Indicators on them. I primarily use the one-minute and the five-minute charts for very quick Scalping trades, and the five-minute, fifteen-minute, and the hourly charts for longer trades. I always buy at least 1000 shares every time I trade, so that for every ten cents the stock moves I make $100.00

The chart of TSO below shows how I setup my charts for Day Trading. My buy signals are given primarily by the CCI. Stochastics confirm the buy signal and so do the 5MA and the 15MA. My exits are based on the CCI, Stochastics, and the 5MA and the 15MA.

I also use three extra Technical Indicators known as the Money Indicators. They basically show if there are more Buyers or Sellers. The dark green one at the top is Chaikin Money Flow (CMF), the yellow line is On Balance Volume (OBV), and the light blue one is the Accumulation/Distribution (A/D) line. In order for my strategy to work, you don't really need to learn these three additional Technical Indicators until after you have mastered the CCI, Stochastics, Bollinger Bands, and the two Moving Averages.


Here is an example chart to show how I explain my entries and exits.
I made $1000.00 in only fifteen minutes on this trade:


Just so you know I'm not pulling your leg, here are three examples of real Day Trades I've done recently.
I put $21,000. to work when I bought 2000 shares of TSO and made $280. in just three minutes!


Here is another example of an eight minute Day Trade that also made $280.00


This Day Trade took thirty five minutes and made $150.00


Feel free to explain your Day Trading strategy, or your favorite stocks or ETF's to Day Trade.

I hope you enjoy this board, and that you learn something here that will help you become a better Day Trader!

Happy Trading,
zzman



www.market-master.net
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42I have a new Day Trader's Trading Room: stock-market-lessons.com I'm tzigzagman-8/11/2009
41I have a new board on IHUB... Called the *Day Trading Academy* that has all kinzigzagman-4/12/2009
40Thanks! 'smh'... It's nice to know some people are actually lookingzigzagman-3/23/2009
39Hi ZZ, Ran across this pointer to your work on a thread I follow. The poster ismh-3/23/2009
38Hi 'smh'... I taught myself how to day trade...I started out as a swingzigzagman-3/15/2009
37Hi ZZ, I'm curious as to how you yourself learned to day trade? SMHsmh-3/14/2009
36I mistyped the URL... Here is the correct one: stock-market-lessons.com (I fozigzagman-2/2/2009
35got this : Sorry, we couldn't find www.stockmarketlessonsEva-2/2/2009
34I'm now offering ~ A subscription to my Video Charts only: I now have 16 Vzigzagman-2/2/2009
33Yes it did!... It's breaking out of a major resistance level on the daily czigzagman-1/17/2009
32western refining also did well on friday.. <img src='http://bigcharts.mar~digs-1/17/2009
31Yep!...I know...I'm the MOD of the TSO board at IHUB... Look at the predictzigzagman-1/17/2009
30new swing highs for tesoro.. [graphic]~digs-1/17/2009
29Can't do that ~ I don't multi-task well... I can only do one thing at azigzagman-1/9/2009
28how about posting those trades in real time? :-)~digs-1/9/2009
27If you'd like to see a video chart of~ The second Day Trade I did on TSO tozigzagman-1/8/2009
26Here are two of my Day Trades on TSO today: He HAS TO BE my all time favorite szigzagman-1/8/2009
25And if you'd like to learn how to do this too... All day EVERY day... I gizigzagman-1/5/2009
24Here is my first Day Trade on TSO today: I made exactly $300. in exactly 10 minzigzagman-1/5/2009
23Technical Analysis in Action: Today, I created my very first video chart that szigzagman-1/2/2009
22Here's my last trade for 2008. I cleared over $500. today on this trade azigzagman-12/31/2008
21Here is my first Day Trade for today: (see chart below) <img src='http:zigzagman-12/31/2008
20TSO has been on a tear lately~ It's been my favorite Day Trading stock thiszigzagman-12/29/2008
19The Buy and the Sell on the five-minute chart are clear... The Hold at 3:40pm onzigzagman-12/21/2008
18You are Welcome! golfer72... Let me know if you have any success using my stratzigzagman-12/18/2008
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