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i just got rid of level 2. shrunk the 1min chart and brought the 5min chart center and enlarged. it really made a difference, as i was able to start focusing on the 5min charts. its just a matter of getting used to it, that's all. shouldn't take too long ;)

paper trade your strategy. if you are making money, then its statistically significant.

very well said. i started early this year before the war. liquidity was not great. i switched to SPY. i developed a strategy and traded it. realized it wasn't catching alot of the action. developed a new strategy. liked it, and it worked. but i realized i was missing more of the...

you are always better off going with the 3 month old technology nowadays. everything is so lightning fast and is suitable for most everything (unless you are gaming). anything newer is gonna cost you exponentially more $$$. I just got a 1.8ghz laptop from dell that's 3x faster than my trading...

Did better today on the 5min bars...this morning was awful as I kept seeing a short setup, but i didn't wait for the bar to complete, being used to the 1min bars. i kept doing this over and over and killed myself. learned the hard way ;) eventually i caught on to let the bar complete first...

greenleaf, do a search on 'l/s strategy system' or something of the sort....basically it is a system that relies on the fact that the public opens the market and the professionals close it. the rule is, if after 1pm on hourly bars, if price is above yesterday's high go long, if below...

I did try it. For 2 years. Also used Datek and Suretrade before that. You are kidding yourself. Seriously, listen to me. Get quotetracker, use IQFeed, and see if you like it. Its a 7-day free trial (the IQFeed..quotetracker is free unless you want to register for $7/month). I've gone...

I use quotetracker with IQFeed for $23/month. Never been down, and is lightning fast. don't know why people spend so much money on things they don't need......Ameritrade? are you kidding?

i am definitely seeing that. i'd go with the 15min charts, but i don't want to hold overnight, and alot of the movements on the 15 are spaced across the sessions. but you are absolutely right....i'm not doubting that many traders can make $$ off of the 1min as their setup, but its a different...

how does this have ANYTHING to do with my topic?

i do, but my setups are the 5min chart ones. i use the 1min for timing, but my problem is that i 'see' too many other setups on the 1min, that just don't jive with the 5min chart, and i get burned....

thanks jack. i appreciate your time and wisdom that you bring to ET. wow, 10% every 8 days would be nice! maybe i can drop by and learn a few things? ;) i think it will just take time for me to learn the 5min charts, since i've been used to the 1min noise for so long. i trade SPY, and will...

i put this in the psychology section because i think my problem is mostly psychological. I started out trading 1min charts for the first 3-4 months, and just recently switched to using 5min charts. however, i'm having serious discipline issues keeping my eyes off of the 1min chart, and...

congrats uptick!!! may many more years of success come to you :)

wow, i didn't know Ameritrade illegally allowed traders to get past the daytrading rule. in either case, why don't you trade higher priced stocks on fewer shares? i don't know exactly what your strategy is, but trading 1 to 3 dollar stocks seems risky to me....good luck!

and WHY are you waiting to switch to IB ???? :confused:

i hear ya brotha! awesome day for me too. :cool:

lol!! :cool: i think you're confusing me with super_ego!

I guess my main question is, I'm using IB, and I want to keep track of my trades on a timestamp basis so I can see the statistics of this? Is this possible with IB? I use ninjatrader, which can generate statistics, but I'd rather not rely on that. I tried to find Trade Evaluator but I...

What is the best tool for keeping statistics of your trades? I saw Tony Oz post his Trade Evaluator report, and that sparked my interest. Also GTT TradeLog looks interesting, but I don't know if it does thins like produce hourly statistics like Trade Evaluator does. I guess I could just use...