radar
04-20-2007, 03:11 PM
I’m a brand new EOD user of MTP and have some questions:
Qualifier: I plan to trade a “stock replacement” strategy using ITM options (delta >= 80 and with > 60 days to expire). So, I only look at stocks & ETFs > $30 and that are optionable.
I just bought the program on Wed. and there is a LOT to read in Part 2 of the Trading Course. I’ve already read Part 1 and watched all the videos available on the Public site (I’ll watch the Monthly Seminars this weekend). What is the quickest way to get up to speed so that I can begin trading as soon as possible (I’m not new to trading, just new to MTP).
Is it best to filter trades using either the STF or weekly 20 period EMA? Or should I simply run the scanner and do a “visual” filter of each resulting chart, taking only those trades that are on charts having “ideal” or “near ideal” Elliott Wave patterns? – it seems like the scanner results over the past 2 days have resulted in stocks that are trading in a very flat pattern – not very good trade setups.
I have set up a chart the way I like it (crosshairs, candles, & STF); however, it seems like every time I open the program the chart has been set back to a bar chart with no STF and crosshairs not enabled. Is there a way to have MTP always open with the chart set up the way I like it.
Which stop strategy seems to work the best, now: using the ATR indicator or the trailing stop methodology I read in the trading course?
Did I read the Trading Course correctly with regard to using the WPT Module: for every WPT EXCEPT the Wave 1orA WPT, it looks like you click on swing points from left to right on the chart; but with the Wave 1orA WPT, you click on the swing points from right to left. Is this correct?Thanks in advance for the help.
Ben
Qualifier: I plan to trade a “stock replacement” strategy using ITM options (delta >= 80 and with > 60 days to expire). So, I only look at stocks & ETFs > $30 and that are optionable.
I just bought the program on Wed. and there is a LOT to read in Part 2 of the Trading Course. I’ve already read Part 1 and watched all the videos available on the Public site (I’ll watch the Monthly Seminars this weekend). What is the quickest way to get up to speed so that I can begin trading as soon as possible (I’m not new to trading, just new to MTP).
Is it best to filter trades using either the STF or weekly 20 period EMA? Or should I simply run the scanner and do a “visual” filter of each resulting chart, taking only those trades that are on charts having “ideal” or “near ideal” Elliott Wave patterns? – it seems like the scanner results over the past 2 days have resulted in stocks that are trading in a very flat pattern – not very good trade setups.
I have set up a chart the way I like it (crosshairs, candles, & STF); however, it seems like every time I open the program the chart has been set back to a bar chart with no STF and crosshairs not enabled. Is there a way to have MTP always open with the chart set up the way I like it.
Which stop strategy seems to work the best, now: using the ATR indicator or the trailing stop methodology I read in the trading course?
Did I read the Trading Course correctly with regard to using the WPT Module: for every WPT EXCEPT the Wave 1orA WPT, it looks like you click on swing points from left to right on the chart; but with the Wave 1orA WPT, you click on the swing points from right to left. Is this correct?Thanks in advance for the help.
Ben