Pristine.com PresentsIntra-Day Trading TechniquesWithGreg CapraCo-Founder of Pristine.com, and Co-Author of the best sellingbook, Tools and Tactics for the Master Day TraderCopyright 2001, Pristine Capital Holdings, Inc.
Table of ContentsIt should not be assumed that the methods, techniques, or indicators presented in this book and seminar will beprofitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples inthis book and seminar are for educational purposes only. This is not a solicitation of any order to buy or sell.“HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS.UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUALTRADING. ALSO, SINCE THE TRADES IN THIS BOOK and SEMINAR HAVE NOT ACTUALLY BEENEXECUTED, THE RESULTS WE STATE MAY HAVE UNDER OR OVER COMPENSATED FOR THE IMPACT,IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADINGPROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THEBENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR ISLIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.”The authors and publisher assume no responsibilities for actions taken by readers. The authors and publisher are notproviding investment advice. The authors and publisher do not make any claims, promises, or guarantees that anysuggestions, systems, trading strategies, or information will result in a profit, loss, or any other desired result. Allreaders and seminar attendees assume all risk, including but not limited to the risk of trading losses.Day Trading can result in large losses and may not be an activity suitable for everyone.Copyright 1994-2001 by Pristine Capital Holdings, Inc. All rights reserved. Printed in the United States of America.Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced ordistributed in any form or by any means, or stored in a database or retrieval system, without prior written permission ofthe publisher.
Table of ContentsIntroductionFour Styles of TradingDay Trading DefinedPsychological RequirementsFoundationCandlesticks SimplifiedMoving Average InterpretationPristine Buy & Sell SetupMultiple Times FramesThe Key ConceptsCandlesticksMoving AveragesRetracementsSupport & ResistanceMarket TimingPutting It TogetherCombining Foundation andKey Concepts for MasteringIntra-day Trading
Four Styles of TradingTypes of TradingFour Styles of Trading: Core; Swing; Guerrilla; DayWhich fall into .Two Broad Trading Categories: Wealth; Income
Two Broad Trading CategoriesWealth Trading StylesCore TradingIncome Trading StylesGuerrilla Trading - Weekly Charts- Daily, 60 Min. & 30 Min.- Weeks to Months- Hours to DaysSwing TradingDay Trading- Daily Charts- 5, 15 & 60-Min.- Days to Weeks- Minutes to Hours
Intra-day Trading DefinedWhat is Intra-day Trading?1) A style that covers a holding period of several minutes to hours.hours2) Three forms of Intra-day Trading: Scalping Momentum Day3) This style of trading has become widely accepted recently.4) Day Traders use 5- & 15-Min. charts to make entries and exits.5) Day Trading is best used on active, highly liquid stocks.6) Day Traders try to capture smaller gains with minimal dollar risk.risk7) Day Trading is a style of trading that May not be suitable for ALL!!ALL
Psychological RequirementsPsychological Trading ive analysis must be reduced or eliminated.A systematic objective Method of interpretation is needed.This builds a thought process which builds Confidence.PatienceDisciplineBecomes Your Job!
The Building BlocksFoundation
Intra-day Trading ToolsTools of the Pristine Day TraderCharting Tools: 5-, 15- & 60-Min. Intra-day chartsdisplayed in Candlestick form.Color coded volume.Technical Tools: 20- & 200-period ‘simple’ movingaverages.A Price Pattern: The Pristine Buy & Sell Setup.
Intra -day Charting200 -Period MA20-Period MACandlesticksThe 15-MIN. ChartColor Coded Volume
The Battle between Bulls and BearsDetermining Who Won The s WinBears WinPristine Capital Holdings, Inc.
Simplified Candle LanguageSix Candle ConceptsChanging of the Guard - COGWide Range Body - WRBNarrow Range Body – NRNarrowing Range Bodies - NRBTopping Tail - TTBottoming Tail - BTAll give traders theSame Message.The probability of thecurrent trend changingis increasing.A high probabilityopportunity mayexist to trade.
The Pristine Buy and Sell SetupPristine Buy & Sell Setup Facts:The setup can be traded in all time frames.It is a set of bars that occurs in a detailed formation.This combination of bars is a segment or smallerpart of the overall pattern.It offers high probability with low risk.
The Pristine Buy and Sell SetupEach new bar opens in the area of the prior bar’s close and alsocloses above/below its opening price until a reversal of that occurs.The setup is complete after a reversal candle has formed.Sell SetupOpenCloseOpenClosePristineSetupCapital Holdings, Inc.Buy
The Pristine Buy and Sell SetupThis is NOT what we are looking for !These bars overlap each other and do not have thepredictability we are looking for.Pristine Capital Holdings, Inc.
Price Pattern RecognitionCongestion patterns are whippyand unpredictable. Recognized byoverlapping candles and multiplefailures in both directions.
Moving Average GuidelinesSimple Moving AveragesLong positions are favored when prices are Above their 20-MA ona 60-Min. chart. Entry points are found on 5- or 15-Min. charts.Short positions are favored when prices are Below their 20-MA ona 60-Min. chart. Entry points are found on 5- or 15-Min charts.Short positions are considered when prices are extended Above the20-MA on a 60-Min. but Below their 20-MA on the 5-Min. chart.Long positions are considered when prices are extended Below the20-MA on a 60-Min. but Above their 20-MA on the 5-Min. chart.Pristine Capital Holdings, Inc.
Moving Average GuidelinesLong Term Intra-Day200-MA20-MAWhen Prices declineBelow the 20-MA.When Prices riseAbove the 20-MA.Favor Short TradesFavor Long Trades.The 60-MIN. ChartPristine Capital Holdings, Inc.
Moving Average Prices moveabove 20-MA.Extended20-MABearish TrendPristine Capital Holdings, Inc.
Pristine Key ConceptsCandlestickConcepts
Candlestick ConceptsAsk yourself, “What does the current candle tell you aboutthe prevailing trend?” Note: A trend 3-5 bars moving in thesame direction.Each candle will give us information that either confirmsor contradicts that trend.Long or Expanding range candles tell us volatility is highor momentum is increasing.Short or Narrowing range candles tell us volatility is lowor momentum is decreasing.
Candlestick ConceptsChanging of the Guard Bar - COGA Bullish COG is defined as three or more consecutivered bars followed by a green bar.A Bearish COG is defined as three or more consecutivegreen bars followed by a red bar.Pristine Tip: While there are different variations, the message is alwaysthe same ! A reversal in momentum has occurred!Bullish COGsBearish COGs
Candlestick ConceptsNarrowing Range Bars - NRBA series of bars in which the difference between the highs and lows isNarrowing.Pristine Tip: While there are different variations, the message isalways the same ! A slowing in momentum is occurring!NarrowingRange Bars
Candlestick ConceptsNarrow Range Bodies - NRBars in which the body of the candle is small relative to the overall lengthof the candle.They may have Tails on either side of the body.Pristine Tip: While there are different variations, the message isalways the same ! A slowing in momentum has occurred!Narrow BodiesNarrow Bodies
Candlestick ConceptsTopping Tail Bars - TTBars in which prices had been higher, then supply forced priceslower into the lower part of the bars range.Pristine Tip: While there are different variations, the message isalways the same ! Distribution has occurred!Topping Tail
Candlestick ConceptsBottoming Tail Bars - BTBars in which prices had been lower, then demand forced priceshigher into the upper part of the bars range.Pristine Tip: While there are different variations, the message isalways the same ! Accumulation has occurred!Bottoming Tail
Candlestick ConceptsWide Range Bar - WRBA Bar in which the Candle Body is relatively wide compared to themost recent bars .A Wide Range Bar after a period low volatility ignites momentum inthat direction.A Wide Range Bar after an extended advance or decline typicallyhappens near the end of a move. An NR or NRB will signal the turn.WRB IgnitesWRB Ends
Candlestick ConceptsNBNRBCOGsCOGsDark Cloud CoverPiercing PatternBullish EngulfingWRBBearish EngulfingCounter Attack LinesThrusting LinesBTWRBNBCOGs
Candlestick ConceptsNBsNarrow Range Bodies & BarsLong Legged DojiInverted HammerShooting StarHangmanTTHaramiDOJIWRBNBsBTCOG
Pristine Key ConceptsMoving AverageConcepts
Moving Average ConceptsThe relationship between MAs and/orThe relationship between Price and MAsServe as:An Overbought / Oversold IndicatorA Bullish / Bearish Divergence IndicatorA Guide to price Support & ResistanceA Tool to help anticipate where a reversal may occurA Risk – Reward IndicatorA Relative Strength Indicator
Moving Average ConceptsAn Overbought / Oversold Indicator200-MAAs the 20- and 200MAs move fartherapart, the odds of areversal increase.20-MAAs prices movefarther away fromthe 20-MA odds of areversal increase.Pristine Capital Holdings, Inc.
Moving Average ConceptsA Momentum or Bullish/Bearish Divergence Indicator200-MA20-MANew Low DivergencePristine Capital Holdings, Inc.A COG after anew high or newlow accompaniedby a smallerdistance betweenprice and the 20MA signals aslowing inMomentum and aDivergence.COG
Moving Average ConceptsA Guide to Support & ResistancePrice ResistancePrice Resistance200 -MALook to theLeftPrice SupportLooking to the leftof an MA shouldpoint toward anarea of support orresistance.A Moving Avg. isa tool that helpsthe traderanticipate whereA to enter positionsM20or take profits.
Moving Average ConceptsAnticipate Entry/Exit and Risk/Reward200-MA Potential RewardAs prices moveTIP: The correction from thefurther from anfirst point of resistanceDistanceMA odds of areversal increase. increases the odds that thisbetween MAspoint will be overcome.AnticipatedExit20-MARISK isbelow COGAnticipatedEntryPristine Capital Holdings, Inc.
Moving Average ConceptsA Relative Strength IndicatorComparing the MAs of a stock or index to another will tell us which is 00-MAWideWideWeakerNarrow
Pristine Key ConceptsRetracementConcepts
Retracements ConceptsRetracement levels are used to measure the STRENGTH orWEAKNESS of a move Counter to the Prevailing trend.The Retracement levels are a percentage measurement betweensignificant highs and lows.The Retracement levels we are concerned with are 40, 50 and 60%Retracement levels alone are not enough to consider entering aposition. A Pristine setup is also needed.Learn to see retracement levels without drawing them.When trading, analysis mustbe done quickly.Pristine Capital Holdings, Inc.
Levels and Interpretations40%01004050606050401000After a 40% Retracement, the trend is still considered positive.The trend should continue in the original direction.
Levels and Interpretations50%01004050606050401000After a 50% Retracement, the trend is considered positive to neutral.The trend should continue in the original direction.
Levels and Interpretations60%0100405060605040100?0After a 60% Retracement, the trend is considered neutral to negative.The trend is in question.
Retracement ConceptsAA: Retraced rallyby more then 60%(Weakness); expecta move stine Capital Holdings, Inc.B: Retraced declineby more then 60%(Strength); expectstabilization and ora move higher.
Levels and Interpretations80 - 100%01004050606050401000After an 80 – 100% Retracement, the trend is considered negative.Watch for a double top or double bottom if a COG forms.Expect a short-term rally / pullback.
Levels and Interpretations 100%01004050606050401000A retracement of over 100% takes out support or resistance and isconsidered negative, but often sets up a high probability reversal.
Retracement ConceptsRetracements greaterthan 100% negate theprior trend.They often set up a highprobability reversal point.Ø100%RetracementBUY!40%50%60%A move above a priorhigh signals Strengthbut is a High Risk Entry.Buying shallow pullbacksof 40 to 50% after a COGis low risk, professionaltrading.
Pristine Key ConceptsSupport &ResistanceConcepts
Support and Resistance ConceptsActual Support and ResistanceA series of price bars.Prior highs / lows / bases.They are guides as towhere traders mayanticipate a reversal.An unfilled gap between price bars.Subjective Support and ResistanceMoving AveragesRetracementsTimeAlso guides to anticipatereversal points.Without price points inthe same area, these arePristine Capital Holdings, Inc. less significant.
Support and Resistance ConceptsTTUnfilled GapResistancePrior LowSupportAnticipate sellers in thearea of Unfilled Gap.Anticipate Buyers in the area of Prior Lows.Pristine Capital Holdings, Inc.
Support and Resistance ConceptsAnticipate sellers in the area of Prior Highs.Prior HighResistanceTTAnticipate a reversal inthe area of Unfilled Gap.BTUnfilled GapSupportPristine Capital Holdings, Inc.
Support and Resistance ConceptsAnticipate SellersNBResistance at Prior BaseTIP: What was Supportwill become Resistance.
Pristine Key ConceptsMarket TimingConcepts
Market Timing ToolsThe
Intra-day Trading Defined What is Intra-day Trading? 1) A style that covers a holding period of several minutes to hours. 2) Three forms of Intra-day Trading: Scalping Momentum 3) This style of trading has become widely accepted recently. 4) Day Traders use 5- & 15-Min. charts to make entries and exits. 5) Day Trading is best used on active, highly liquid stocks.
Intra-day Trading Defined What is Intra-day Trading? 1) A style that covers a holding period of several minutes to hours. 2) Three forms of Intra-day Trading: Scalping Momentum 3) This style of trading has become widely accepted recently. 4) Day Traders use 5- & 15-Min. charts to make entries and exits. 5) Day Tradi
Pristine Intra-day Trading What is Intra-day Trading? 5 A style that covers a holding period of several minutes to hours. Requires an objective method for making trading decisions.
a day trading margin call to pattern day traders that exceed their day trading buying power. Customers have five business days to deposit funds to meet this day trading margin call. The day trading account is restricted to day trading power of two times maintenance margin excess, beginning on the trading day after the day trading buying power .
Algo trading TOTAL TRADING ALGORITHMIC TRADING HIGH FREQUENCY TRADING . Algorithmic trading: In simple words an algorithmic trading strategy is a step-by-step instruction for trading actions taken by computers (au
This document will explain how to logon to your Trading Platform. All the Trading Interfaces (the Trading Chart and the 3 different Trade Windows) use a Profile to logon to your data feed and the contract you want to trade. Everything you need to use your Trading Platform is accessed from the Menu at the top of the Trading Chart and Trading .
Trading System, Trading Rules and the Trading Plan 42 Example of Trading Rules 43 Chapter 6: Establishing a Trading Schedule 45 U.S. National Exchanges 45 Regional U.S. Exchanges 46 Canada 46 Europe 46 U.K. 47 Japan 47 Chapter 7: Setting up a Trading Journal 49 The Trading Journal-your best friend 50
Algorithmic trading From Wikipedia, the free encyclopedia Jump to: navigation, search In electronic financial markets, algorithmic trading or automated trading, also known as algo trading, black-box trading or robo trading, is the use of computer programs for entering trading orders with the computer algorithm deciding on aspects of the order such as
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