bathrobe

Brownsfan, When you are watching multiple markets are you watching several time frames in each? Do you use an audible alert system? Good Job and nice to see you prove it can be done consistently. Chris

Followed up with a short later in the day. Two trades in all.

No problem the ES is the symbol for the emini S&P

I usually do not trade the open but the pa looked very good to me, I attempted to write on the chart and erased a bunch of the bars that is why it looks crazy.

Yeah, the lack of later day volume for the most part kept me out. By the way, where I live currently; Scottsdale, AZ marriage could be considered predatory. The women are all about money and gold digging.......then again that is probably true of some women everywhere.

Did not get started until around 1 est, found nothing worth trading from my point of view

Shorted failure of short term resistance, exited at short term support. P/L reflects years of obsession, dedication, education and blowing up in the beginning 3 times.

Something I noticed that I would like to clear up from all my posts is it always lists that I took between 30 and 90 trades a day, this is not the case as I rarely take more than one actual trade. My trades are all broken up into different sizes and I enter at different prices as to not have one large order just sitting in the dom. Also, most days I have an net profit but also a gross loss, I did not place a separate trade that was a losing trade, part of my position was exited at a loss, but the majority was exited with a profit.

Missed the sell off and scalped the end of day

Welcome back Brownsfan. I think the thread was a great idea. Good luck to all of you in the final quarter of the year. Pretty hard to believe how quickly time passes.

Yes, but I do not trade the news based on whether I think it is positive or negative, honestly I do not even no what the news was.

Again, caught most of a very nice sell-off

I caught a good portion of the move down after the fed announcement. Good Day

UrmaBlume Hi, I have 2 questions about your trade intensity indicator (I am trying to develop my own) 1. On the ES do you filter to only plot intensity of trades above a certain # of contracts, or is this not important because only the speed in which the trades are traded matters, or would all the retail traders who just happen to be trading as well make the number artificially higher? And if you don't mind could you share your thoughts on this. 2. Do you ever use a longer term chart? If not, why?Thanks for inspiring thought that goes far deeper than what is normally found on trading forums. If you do not want to answer that is fine, I know it is proprietary. Good Trading, Chris

Attached is another chart from MarketVolume.com

Actually, the more I think about it, today was a HUGE mistake, in my plan I do not trade when not 100%. I was motivated by greed, not a lot of free days to trade lately so when I have one I want to make it count, not sleep in. Had I lost on the other hand I would be sicker.

Pretty sick today, had to scratch most contracts/+1tick. I should have not traded today.

Brownsfan, here is a chart with selling and buying volume spikes and troughs below the Market Volume Selling-Buying Volume histogram. I find the spike in both volume and selling volume right before 14:40 while buying volume stayed relatively flat; or at least nothing to alert anyone to anything interesting underway. I find the breakdown of volume extremely interesting, and along with price action it is what I use most. Hope you find it interesting, Chris P.S. I will try to look into the rest of the volume based indicators offered and will let you guys know when I do. P.P.S My infrequent posts on this thread lately are due to a commitment to my family's business I had made quite a while ago. fwiw.

Sure, the charts show "surges" in volume, which is discussed in the Trade Intensity thread. According to the website these surges in volume always come before a change in trend direction, and using the market volume SBV oscillator (selling - buying volume) you can reduce your losses by 50%. Today was my first day watching it so I really can't comment on how well it works. Their are many ways of plotting volume surges and the package comes with all the other Technical Indicators as well as market outlook. They also offer signals using the SBV oscillator. I am just too busy today to get into it more but I will include more info tomorrow, they offer a lot more than I will most likely get into because I don't want to miss a move because I was messing with something new. I will keep you posted.

I am curious what broker you use for stocks and how you like them. I use optionsxpress when I trade equities, options, or etf's, which is very rarely, though I would like to do more and add a portfolio of longer term "investments", not trades. I have been looking at TOS, I like the ease of use and charting Please, anyone who likes a stock broker and thinks they are above and beyond the rest let me know. Thanks.

Results for Tuesday the 15th of September, I also attached a chart from Technical Analysis QQQ Trading Nasdaq 100 Stock chart S&P 500 market timing system. I have the free 1 month trial only so I attached the chart of the S&P cash index; for the emini you must subscribe, the volume indicator is interesting, I only am looking at it because it is volume based.

No, I meant for instance a 2 pt. stop and a 4 pt target. Due to the nature of the S&P I think you need at least 2pts. for a stop, I use (for most trades) 3:3 As you progress and feel more comfortable and can evaluate price action while a trade is happening moving stops/targets is done every trade for me, and I use a 1:! to begin with, I just do not recommend this for people trading on emotion, under-capitalized traders, traders still learning and so on. I would also recommend when trading more than one contract to use a (example) 2pt stop, 3pt target for one, move stop to +1 tick and let last run.

Thanks Fulcrum Trader, The video adds a lot of clarity to cumulative delta trading

Brian, your level that was touched 5 times was touched on the 466tick chart, my feedback regarding this aspect would be to look for a break using a larger time frame chart (3min can work well) Look into a 1:2 ratio of stop to target, this way if you are making sound trading decisions you will win more often than lose, give your stop enough room though. You had other S/R levels less than 2points from both your buy and sell stop, if 38.25 had held, your trade would have been a loser instead. I would not have bought into resistance. Hope it helps

1k is amazing, starting with only $25 I am sure the broker was pretty surprised and it sounds like it was a great time. Congratulations to the both of you. I wish her and you continued success. Chris;)