Don't be intimidated by all the complexity of the astro stuff.
Our approach is simple. Watch a simple chart, like SP1Day or SPKISS-
with 3 minute bars, 20 minute (6 or 7 bars) EXMA, and 110 minute
(36 bar) EXMA. Look at the trade times in the Strategy section below.
When within about 45 minutes
of the trade times, follow the rules given in the Standing Instructions.
Keep it simple. Be patient. It works over time.
Read the Trading the MoonTides Tutorial and Keep It Simple
on the List of Charts page. Also read Finer Timing of the MoonTides,
and Trading The MoonTide Rainbow.
Check the upcoming Economic reports daily. They are linked on
the left side of the ListOfCharts page under Economic News
all times given are Eastern
Ninja Traders: if your are a paying customer, you will
see a link on top right side of ListOfCharts page to
download the MoonTide indicator
*********** This is a chaotic market - EXMAs still work, but
risks and potential gains are 3 to 5 times as large as normal
Suggest using 3 times normal stops and takes during this volatile time
****** you are encouraged to log into http://daytradingforecasts.com ***
and say hello in the chat room. Often someone will point out a trade
setup you did not see. Cooperate and graduate!
10:48 EXMA's showed it coming early; sold 2625
stopped 2562 for +63
(this, a simple chart, and the Standing Instructions
are all you really need to trade)
be careful about making things up - if there is no juice, don't jump
Remember, *********** chaos follows dullness !!!!!!!!!!
I will be on Larry Pesavento's radio show on http://TFNN.com
starts 9:00 Eastern
Moon conjoin Jupiter
<***> MoonTide Times and Trade Times<***>
For trade times before 11:00, be sure to use EXMA's that include data from
Normal Rules ( as published on daytrading forecasts.com in the tutorial):
These fit a Trend or Trend continuation scenario, identified by prices
trading within a couple of points of the 110 minute EXMA, taking profits
on a 12 point range.
1. Watch for the opportunity to go with the trend or change in trend at
the time(s) given.
Be alert for the turn coming early or late.
Be patient and use
the tracking indicators. Plan to trade in the direction of the 110
EXMA coming out of that time frame.
Prices should stay on one side of the 110 EXMA and it
should be moving, or curl up or down from a flat position. Prices should
be within about 2 points of the 110 EXMA.
The 20 minute
EXMA should have crossed the 110 EXMA, or moved toward it and then pulled
away from it.
When this setup is clear, enter in the direction of the 110
EXMA with a 3 point stop. *** in volatile markets this may need to be 6 points
If each setup is not clear 60 minutes after the given time, skip the
2. Move the stop 1 point each 30 minutes. If the market moves decently, trail it by 3 points ( 6 points in volatile markets).
3. Cover on a 5 point gain**, 90 minutes after entry , at the next Tide
turn , or if the prices clearly recross the 110 minute EXMA.
**FAST MOVE RULE
If the trade gains 3 points within 30 minutes of entry, press the stop,
using the 20 EXMA as a guide to
move the stop to the low or
high of each pullback
(normally about 15 minutes long)
once the move makes a new high or low. Cover any gain of 9* points.
*It is OK to use the fast stop rule if a trade starts fast, but to then
cover at +5 or +4 if it slows or stalls
*** Stall rule:
Cover any trade that stalls for more than 45 minutes
*** Carry through rule
If you are in a trade that is working well, if is OK to carry through the
next Tide turn
*** GO BIG rule:
if morning is a big move (>12 points ), and midday is a congestion
or pullback, and the last trade of the day sets up near 2:00, a move
greater than 9 points may be captured using the technique illustrated at
*** VOLATILE MARKET RULE -use with discretion
in volatile markets, the 55 minute EXMA used in place of the 110 minute
EXMA may provide an earlier and lower risk entry. This is most useful when
the market is extremely oversold or overbought and reversing, or during a
fast move with minimal dips and one is looking to join the move.