Different Time

Technical Indicators – Williams %R Indicator

December 31, 2010

There are some technical indicators I use every day.  The Williams %R is one of them.  I’ve modified the base period to fit the stock (ETF) that I follow and the ;  that being the Q’s (symbol: QQQQ).  One more modification that I’ve made is that rather than just using the -20% and -80% as breaking points I also use the middle line of -50% coupled with different time periods to indicate direction and momentum.  Since the base period varies for every individual stock I’ll let you figure out what base period I use for the Q’s.  As a clue, I call it WD50.

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Keeping Your Eye On The Ball – Trading Different Time-frames

October 30, 2009

This makes the third day that I’m in the same position. So far, it’s paid off. However, today serves as a good example of keeping our eyes on the ball. I really wanted to sell the position when it was in the money by more than it has been since I bought it but on the 30-min chart which chart I’m following it’s not even close.

I’m aware that there is going to be larger swings and more temptations to sell early than on the 5-min chart I normally trade. If I’d sold yesterday I’d made a little money and not suffered the unbooked drawdown that yesterday provided.

It’s a trade-off. I don’t want to over-trade but it sure was tempting. This is why, if we buy on one time-frame we want to sell on that same time-frame. It saves us from constantly second-guessing our own trading rules.

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