Trading For Living - S&P 500 Market.

So you are saying that you watch every day but don't take a trade every day?

In your initial post you showed a 2 pt trade. Two pts does not seem like a 'trend' trade: I would consider it a scalp. What is your stop-loss on your trades?
 
I prefer to trade in trend days and target 2 points that's why I have a very high winning rates. Plus once or twice a month I manage to capture the trend and earn big (10 - 20 pts).

I watch the chart every day for 30 mins after those 30 mins I know if I will trade or not. Also I know the exact entry and exit prices 5 mins after the market opens.
 
Quote from HSC.1775:

Another trader posting winning trades after the fact. Wow. How long until you offer us your winning system for a "small" fee?
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Actually, the caption of the screenshot is 18 "July"....so maybe this is a "pre"-call???

:p
 
Quote from Trvlwanderer:

Actually, the caption of the screenshot is 18 "July"....so maybe this is a "pre"-call???

:p
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Sorry about that, tried to fix it but looks like I can't edit the post 30 mins after it's posted :mad:
 
Becky

The way your chart is setup it looks as though you are trading an envelope around a moving average rather than an advance decline indicator.

Do you use actual advance decline numbers after 30 minutes to make your decision?

If so, why is the envelope on the chart?

Thanks

Steve
 
The envelope is just a secondary confirmation tool. I watch the ADV/DEC chart the first 30 mins of the day if it's not moving strong enough then I wont trade
If it hits the marks then I am good to trade.
 
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