Mindblown: a blog about philosophy.
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How do I know if I’m classified as a day trader?
You can check your classification at the bottom of your Balances page: Go to your Trading Profile and select the Trade Restrictions & Violations link. Additionally, if you have an intraday buying power balance that means you’re classified as a pattern day trader as this balance only displays for day traders. Intraday buying power is…
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What is day trading?
Day trading is defined as buying and selling the same security—or executing a short sale and then buying the same security— during the same business day in a margin account. Pattern day traders, as defined by FINRA (Financial Industry Regulatory Authority) rules must adhere to specific guidelines for minimum equity and meeting day trade margin calls.
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MA, Stochastic and RSI Strategy
Time frame: Any.Currency: Any.Indicators: 5 EMA, 10 EMA, Stochastic (14, 3, 3), RSI (14, 70, 30) Entry rules: Buy when 5 EMA crosses above 10 EMA and Stochastic lines are heading north (up) and Stochastic is not in overbought position (above 80.00 level) and RSI is above 50. Entry rules: Sell when 5 EMA crosses below 10 EMA and Stochastic lines are heading south (down) and Stochastic is not in oversold…
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LWMA and RSI Forex Strategy
Currency pairs: majors Time Frame 15 min or higher. Indicators 3LWMA 12LWMA RSI 12 Signal Noise Long Entry When the 3/12 crosses up and the 21 RSI crosses above 50 . Short Entry When the 3/12 crosses down and the 21 RSI goes below . Condition:Signal Noise do not flat. Exit Position Wait for the reverse cross of the 3 LWMA and…
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Dynamic Zone RSI Strategy
We have been unable to track the origonal author of this indicator. It has been enhanced by adding a user defineable moving average Trigger Line. The indicator is particularly suited for lower timeframe intraday trading and uses 3 Cross Verification techniques within the same indicator 1. Bollinger Band’s – volatility analysis 2. RSI Analysis -Momentun…
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RSI and 2 EMA Trading System
Pair: ANYTime frame: 1H, 4H, dailyIndicators: RSI 14 50 EMA 120 EMA The primary trend determination. The trend is defined by the 50 EMA and EMA 120. Up Trend 50 EMA >EMA120; down trend EMA 50<120. Trade only signals from the RSI in the direction of the overall trend, so we are only interested in oversold signals (between 0…
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MACD, RSI, 50 Ema and Pivot Points Trading Strategy
Markets Traded – Forex, Major Pairs (GBP/JPY, EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, USD/CHF) Charts – 30 minutes Charting Software – Any Indicators – Pivot Points, Exponential Moving Average 50, MACD (8,17,9), RSI 14 Pivot Point Long Entry 1. The price should be above the 50 EMA 2. MACD histogram should be above zero level 3. RSI should be above 50 line 4.…
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Double RSI Trading Strategy
The system is almost 100% accurate with backtesting, but trading lifeis kindoff different.Time Frame: 1hourCURRENCY PAIR: Eur/Usd Gbp/Usd any otherIndicators: RSI with Period (2) placed on RSI with Period (12)To setup rsi simply place the rsi(12) on your chart normally then dragthe rsi again and place it on top of the rsi(12) and enter the…
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RSI and WMA (Weigth Moving Average) Strategy
Pair: ANYTime frame: dailyIndicators: 5 WMA, RSI 14 Long Entry Position: when the price crosses over 5 WMA and makes + 10 pips up, the RSI must be over 50. Shor Entry Position: when the price crosses below the 5 WMA and makes +10 pips down, the RSI must be less than 50. Take Profit: Daily time…
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Stochastic Strategy System
Time Frame 4H, Daily, and weekly In this system, we defined both long and short entries as well as exit orders. We also did some setup work to calculate a 16-bar (16,5,3,)slow Stochastic with an overbought level at 70 and an oversold level at 30. The setups, entries, and exits are defined next. Setup a) Calculate a…
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