Best Thread How To Make Money Trading The Markets.

[Fullmetal Trader]

Here is one I spotted in FMSA right near the move in ZIOP. I had just opened the chart and didn't have time to set up for a trade but noticed pretty tight consolidation in the previous candlestick which was at the bottom of a clean trend down. About $0.08-$0.10 was available here. A good example of how you need not find just the monster trends that Mr. Charts usually does to make money $120.00 here, $150.00 there adds up rather nicely in short order. A somewhat sloppy application of the second method discussed in this thread. Obviously, there were many earlier and more profitable trading opportunities in this chart.

 

[Fullmetal Trader]

Here are two more opportunities. The first image is a 3 minute chart. AMD took off right out of the gate. My goal was to get in on a break above the nearby high above the white line but it was moving quickly. I sent the order to buy at $6.00 which was executed at about $6.02. I was also late taking action on this as I get squeamish about entering trades so close to the open but I still ended up making about $0.06 out this trade. When it hit $6.10 it seemed to stall a bit and the fluctuation made me exit too early. But I protected myself and was happy to walk away with profit.

In the past I hadn't really thought too much of using 1 minute charts to find meaningfully profitable trades using the methods Mr. Charts uses in this thread. I had always seen 1 minute charts as a way to gauge and manage a trade that was already in play. This impression changed permanently when after finishing the above trade I looked at what was going on in the same trend on the 1 minute chart as seen below in the second image. New opportunities became clear. Candlesticks that were sloppy, unreadable and untradeable in the 3 minute chart were revealed to be hiding something else entirely. The same methods, the same approach, just a different time frame.

 

[Mr. Charts]

I trade on 1 min, 3 min and sometimes 5 min candles.
With FX it tends to be on longer time frames even including days sometimes.

 

[Mr. Charts]

Seven trades today, five winners, two losers.
Only one trade used the method in this thread (the rest used some of the other set ups I trade) and produced a profit of 50c per share.
Pointer at time of entry, image taken at exit.
Winners and losers on my blog as always.

 

[Mr. Charts]

I always have a look through the pre-market news stories as well as gappers and came across TOPS so it went on my alert list. I normally focus in on just a few stocks from market open and this was the first one I watched. Within seconds it was off north so I jumped on it. Obviously there were no rising candles prior to entry so it was more looking at the more detailed level L1 (or L2) T&S mentioned in my opening post on this thread.
That produced a good chunk of the ultimate move. White pointer at entry, image at time of exit.

+134c per share profit.

That's $1340 for a 1000 share position and obviously pro rata for anyone taking bigger or smaller position sizes.

Certainly a nice start to the dog days of August.

All trades winners and losers on my blog as always.

 

[A.Delaney]

Wow I alway miss the good stuff. Nice catch.

 

[Mr. Charts]

Another one just like yesterday.
CVS +130c per share

 

[Mr. Charts]

And yet again just like yesterday and the day before and so many other days
+79c a share AIG

 

[Mr. Charts]

And yet again and again and again
EXEL +36c per share.

All alerted on my pre-market watch list

 

[Mr. Charts]

And yet again.
Method, method, method.
MRK+50c per share profit

 

[Fullmetal Trader]

Mr. Charts you really are amazingly good at catching these before the moves. Here's my attempt on a paper trade. I was just bouncing around looking at volume movers when I stumbled upon QVCA just a few minute ago. After the entry candlestick (the crosshairs) the small drop did give me some worry but since it didn't even drop past %50 of the previous candlestick and the volume was so low I didn't think it was very significant. $0.40 per share all the way up to the exit at $22.00. I tend to get a little antsy after a big move up and expect a retraction so I got out after it started to drop back down toward $22.00. From the following candlesticks you can see it was good thing I did. Even without any filters/alerts or news access it's possible to catch these. Although I wish I had Mr. Charts special sauce when it comes to that.

 

[Mr. Charts]

It's really just method, method, method.

 

[Mr. Charts]

Seven trades on a choppy dog day of August but still opportunities.
Six wins. one loss.
Two of my trades used the method in this thread.
SM +89c per share
QQQ +17c per share

 

[Mr. Charts]

I just love BABA. When it moves from the get-go, it moves
+60c per share

 

[fxstrategist]

Trading ideas

Good ideas to put into practice, very good info and useful.

 

[Mr. Charts]

Back trading today after a month's holiday and straight into action.
A very nice one from my pre-market alerts using the set up in this thread.
When set ups occur they keep on working a high percentage of the time even on a flat day.
DAL +132c per share
Winners and losers on my blog as always. My other trades used different set ups, though this one was a beaut.

 

[Mr. Charts]

Methods work on many trading instruments.
Here is one from today using the method in this thread, an ETF which is a stock equivalent to an index, the nasdaq 100.
QQQ +50c per share

 

[markettiming]

It's really just method, method, method.

Mr Charts, could you tell me. this trend of stock are you watching as up trend or still down?

 

[Mr. Charts]

I'm sorry, I don't fully understand your question.

 

[Mr. Charts]

If you are asking whether that stock is going to go up or down, I would simply not trade it at its present position as it does not fulfill the criteria for the set up on this thread or any of the other set ups I use on a day to day basis.