Is everyone making a Ton of $$$, if not, then WHY?

BTW, I initially developed this system while trading XOM-Exxon Mobil.

Look at XOM did today.

10:46 Long +.33

11:14 Short +.46

11:54 Long +.09

12:32 Long +.08

12:52 Short +.22

13:40 Long +.24

Edit: 14:32 5 cent risk, stopped out

15:08 Long +.24

Max risk on any of these trades was 6 cents, all worked but one and that trade went 3 cents too far. I like tight stops. It is NOT uncommon for ALL my trades to be Winners or at least Break even. Once my stock is up 10 cents I will not let it go against me. It's the 7-9 centers that cost me.

I switched to Gold because of bigger trading ranges and I am GREEDY like Gordon Gekko.:D

Scalpers would Loooooooooooove ths system. 90%+ winning trades of 12-15 cents with Gold stocks.

I'm seriously thinking about scalping and trading much higher volume.
 
Quote from edpolton:

No I didn't catch that one and I am kicking myself. I was busy watching my GLD and missed PD. I am only using one monitor and I had the PD chart minimized.

My chart times might be a little different than yours. At 15:20 I am shoping a high of 80:40 and a low of 80:32, a .08 range

At least I got out of the GLD with a small profit. Did you get out of the PD before it took a dive at 15:52?
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My 15:18 bar matches your 15:20. Are you using 2 min charts?

My 15:20 bar covers 15:20 and 15:21, the next bar is 15:22.

Also, what exchanges are you following. I use PD not PD.N (which only covers New York) they have Pacific, etc... Do you know which exchage you are following?

Please get at least 2 monitors, you cannot make money otherwise. Don't listen to the Pikers on this board. I have (7) and I can honestly tell you I need more. I am adding 2 more because my system will only handle 9 monitors.

That PD trade at 15:20 could have bought your monitor. One lousy trade.

I covered PD at 80.66 off the 1 min bar chart @ 15:45 for +.25. I almost got Stopped Out the second I entered the trade, missed my stop by 1 penny.

When I enter a trade I go to 1 min charts to Exit but only after the stock is up 10 cents or more.
 
Quote from edpolton:

A lot fewer "headfakes" (I think you call them) on XOM today.

Just curious, why not 14:32 on XOM - too big a range?
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This is why I switched to GOLD, less Headfakes. It seems like Gold moves in 1 direction for a nice move, then another, etc...

We had a trading range today for a while but not long. Go back 30 days and you will see on 2 mn charts that Gold does not consolidate much. When it does I step aside.

I also use other Trade signals that I have not told you. It is what I base ALL my entries off. Sorry, but I am not yet willing to divulge.
 
Quote from F-Trader:

My 15:18 bar matches your 15:20. Are you using 2 min charts?

My 15:20 bar covers 15:20 and 15:21, the next bar is 15:22.

Also, what exchanges are you following. I use PD not PD.N (which only covers New York) they have Pacific, etc... Do you know which exchage you are following?

Please get at least 2 monitors, you cannot make money otherwise. Don't listen to the Pikers on this board. I have (7) and I can honestly tell you I need more. I am adding 2 more because my system will only handle 9 monitors.

That PD trade at 15:20 could have bought your monitor. One lousy trade.

I covered PD at 80.66 off the 1 min bar chart @ 15:45 for +.25. I almost got Stopped Out the second I entered the trade, missed my stop by 1 penny.

When I enter a trade I go to 1 min charts to Exit but only after the stock is up 10 cents or more.
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Yes, I am using a 2min chart. I use Trade Station's charts and trade PD not PD.N. I believe I am trading the NYSE, at least that is what my chart says.

I am not sure why our minutes do not match up. I never paid attention to the exact times until I starting comparing my trades with yours.

I am still working on an exit strategy. Sometimes I am exiting on a 10 ema cross over, other times I am exiting at a point of previous resistance, sometimes if the low is lower than the two previous bars, sometimes I am just panicking. Usually it is some combination of the above.

You are right about the need for additional monitors. Until recently I was just swing trading off dailey charts and there was no real reason to have more than one monitor. Since I started trading two minute charts I have realized I do not have time to open and close windows all day long.
 
Quote from s.s7:

Hi F-Trader
Caught Pd this morning around 9:40
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Damn. I just turned on my computer.

Had to take daughter somewhere this morning and son to lacrosse, just walked in.

PD Long off my 9:42 was good for .82 :cool: (I have to check these friggin times. My 9:42 2 min bar shows High 80.58 and Low 80.47) What are you showing?

PD again Short off the 10:28 for .22

PD Short again off the 11:34 for a .20 gain so far.

FCX Long off the 11:12 bar for a gain of .37

FCX Short off the 11:56 bar for a .5 cent loss.

FCX Long off the 12:06 bar, currently up .20

NEM Long off the 11:10 bar for a gain of almost $1.00 so far, a 20/1 risk/reward. Now I'm pissed. :mad: :mad: :mad:

Friggin missed everything, these metals seem to make big moves from 9:45-11:30. :mad:
 
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