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The reason I like to use a 100 tick chart instead of 1 minute or 3 minute is this: Say the market gets real active and I get 5 or 6 hundred ticks in a minutes time. On a 1 minute chart, I get a very "long" bar that is difficult to trade. It makes choosing...

A 100 T ick Chart

I have to agree with DblArrow, Dotslash... Here's a couple of examples to clarify my opinion. The first chart is a daily of the S&P with a stochastic slow D (14) layed over. One of my favorite signals is a Convergence/Divergence of stochastic for...

LOL...yea, that's good. Thieves need love, too!:D

It's not supposed to be contradictory you bonehead...one is good and one is bad...LOL

Okay...I know this doesn't really have anything to do with trading stocks or futures, but it is trading and it is the weekend! :D Here's my dilemma you guys can settle for me: If I join one of these file sharing websites to trade mp3s, am I... 1...

Okay...this has nothing to do trading, but it's friday and the weekends coming, so I thought I'd lay out this dilemma for you guys to settle for me. If I join one of these file sharing websites to swap MP3s am I... 1. Doing something that brings people closer...

Hi rs7...hope I can contribute something here, since I feel I owe you one. For you guys who are new here, read the thread "successful trading". After all this time, it still seems to me that anyone can look at almost any chart and any indicators and come away with...

I've used both "Tradestation" and "Ensign" and I think they are both very good. Omega doesn't sell tradestation in the US any longer, but you can occasionally find a copy for sale on ebay. http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=2040433737...

Okay, I see what you're saying then. And, my apologies for not getting your point. You're absolutely right...I've seen the advertisements, also. "TRADE THE E-MINIS!!! IF YOU HAD TAKEN THIS TRADE YOU WOULD HAVE MADE 100 ZILLION DOLLARS THIS MONTH!!" :cool:

We have smiliar time frames. I also trade the ES and usually am out in 15 minutes or so. I trade 100 tick bars and usually risk about 6 to 7 ticks at most. 3 handles might be a little to wide. I say this because you need to try and average around a 3-1 profit/loss ratio...

That's the beauty of being a trader as opposed to an investor. That's one of the things I love about trading. I could care less if the market's up or down. A trader can make money in both directions. Actually, I know a pro trader who makes 70% of his profits on the...

LoL...Well said, Publias.

I can appreciate your point of view, but no one sucked me into the e-minis. I started out just like everybody who's been in this business for awhile. 1. I started out about 15 years ago trying to make a few bucks trading penny stocks. 2. Then I learned about...

You picked a good place to start. I started about 15 years ago and the folks here on Elite Trader know what their talking about. Just start a thread and you'll get your answers. My advice...paper trade, paper trade and paper trade. Some of the guys will tell you it's not the...

See you in the fall buddy...we'll all miss your insights.:)

Hey Rs7...I've spent the last couple of weeks telling myself, this was my sweet grandmothers money on the line, while I was brainstorming the best method possible. Well, I came up with something completely new, and I've been profitable every day this week, so far, trading...

I think that pretty much sums it up...I tried swing trading a few years ago. I was a basket case 90% of the time. I'm the kind of trader that needs to know if I'm right,now! A long term trade for me is 30 minutes...lol Daytrading (and having profitable days) makes...

I also think adx is a good trend indicator. I don't think it really matters what time frame you use. I use 100 tick charts and look for an adx above 30 to identify a trend. Here's a chart from 07-05-02...the dotted white line is 30.

No offense taken...I appreciate you're input. I appreciate everybodys input. Have a great day!