Hit
and Run Candlesticks FAQ's
|
|
- What is the T-Line?
The T-Line is the 8ema, I use it as a short term buy or sell trigger.
- What Stochastic do you
use?
5.3.1 and 8.3.1 and
12.3.1
- What are your favorite set
ups?
The Pin Ball, Almost Pin Ball & the Snap Back-Hook
- What moving averages do you
use?
Daily Charts, 2ema, 8ema, 21ema, 34ema, 55ema, 72ema, 144ema, 233ema, 200sma
15 & 60min charts 3ema, 13ema, 34ema, 55ema, 72ema, 144ema, 233ema, 200sma
- How do you use the 8 & 34ema's?
The 8 & 34ema's are my up trend and down trend indicators: If the 8ema is on top of the 34ema you pretty much have an up trend, if the 8ema is below the 34ema you have a down trend.
- What is the swing low & swing high I have herd you speak of?
The Swing Low is when the 2ema crosses up through the (T-Line/8ema) creating a Swing Low buy
and a Swing High is when the 2ema crosses down through the (T-Line/8ema) creating Swing Low sell.
- What is your hold time for a stock?
1 to 3 to 5 days
- Are you a day trader? or a Swing Trader?
Neither, I am a profit trader. I almost never set out to scalp a position during the day nor do I start the day knowing I will close all my positions before the close, but if the market wants to give me a good percentage move 20 min after I buy a position I will at least rotate 1/2 into my pocket, the same if it happens in 2 -3 days. I feel this makes me a PROFIT TRADER
- What is your #1 indicator?
That would be the Candlestick, combine that with the (T-Line/8ema) and the 34ema. combine those 3 indicator together and you will have powerful information.
- What is the difference between the TcNet club and Hit and Run Candlesticks?
The biggest difference is the moderated live chat in the live trading room, where we find stock trades, call the out in real time. This really helps if your looking for a good entry on stocks that are about to move.
- How do you scan for your stock picks?
I use TcNet. TcNet is a very powerful program that in very easy to use. It is very easy to set up candlestick scans, you can even set up a scan for your favorite stock chart patterns.
- I heard you say one time that you use a market order to enter a trade?
Yes, that is true I only use market orders.
|
|
|
|
HOME
