NOTE*** This post is part of an ongoing project to update my “How I Pick Stocks” page on the sidebar to the left. For every new section/update that I make to the page, I will post addition here as a post as well as amend the page itself so that all the information can be read together.
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It has been quite some time since I updated this page, too long actually. For those of you who have been following my blog for many months now, you’ll know that I’ve been undergoing some pretty drastic changes to my trading methodology as I continue to evolve and grow. For those of you who are just joining us, Here’s What You’ve Missed.

For starters, I am a discretionary trader. But this is not to say that I don’t think you can make money with a well defined and tested mechanical system. It is just that in creating my trading plan, I identified one of my largest strengths as my intuition and ability to pull bits of information from different sources to arrive at a logical conclusion. Were I solely to trade mechanically, I feel as if this strength would be wasted.

I currently trade 3 different timeframes, Swing (hours/days/weeks); Daytrade (minutes/hours); Scalping (Ticks/Minutes).

As building this page will be an ongoing project (for I have much to cover), I will start with my Scalping Technique for it is something that traders of all levels and capital-limits can do successfully. Plus, it will provide the structure from which a better understanding of my day & swing trading techniques can take root.

But before I begin, it is necessary to go over the trade setup and indicators I use and how I use them.

It will likely take me many days to get through this part alone, but it is crucial for understanding my methodology. So first, I will list all the tools that I use and in subsequent posts I will further eloborate on how I use each one.

In no particular order:

I use TradeStation for my charts and have all of this set up on 3 monitors

Here is a Screenshot of each of my monitors:

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I’ll start the process of going over how I use all of these indictors in my next post so stay tuned….