Recent content by sir paul

You can have two stocks at the same price and they will have different spreads. So that comparison really does not work. How long do you stay in a trade when the Offers are firing off but the Bids are staying the same. What if it rolls over on you? If the spread starts at 5c and widens to 20c...

I want to see how a pro handles a high ATR stock. Mr. Charts posted in the beginning of this thread that he does not trade high ATR stocks because they are not as readable on level II. I agree with his statement regarding high ATR stocks. But a lot of his recent chart posts have been high ATR...

I will take your advice and practice. You guys are really good at finding solutions. Thank You

10 seconds is a long time if a trade has reversed on you and one can lose a lot of money.

Trade Ideas is a better scanner because you can setup custom scans and it is more affordable. Mr. Charts setups do work the best in the first two hours of trading, but the first 15 minutes can be risky.

I am glad you feel you got your moneys worth. But my question is why are there no new video recordings of Mr. Charts recent trades? He would do eveyone a great service by recording his most recent trades. He could even link one to his website for new clients. Mr. Charts also trades using...

I have also taken Mr. Charts video course and used his alert service. I can tell you I am less then happy with them. The video files are over four years old and not very good for new trading information. I wonder why there are no new videos on Mr. Charts recent trades? His current videos...

I have used Esignals scanner with good success. It has a pre market scan built in. Also you can find stock movers by using the power scan and rally scan at key times during the day. They do offer a 30 day free trial if you already have Esignal charts. Also read stock websites for news worthy...

That is how trading these methods worked for me. I barely broke even. Losses were small. But I was faked out of a lot trades that went on to be big winners. It as if the Market Makers know how to fake out traders on the 1 to 5 minute time frames.

Trying to buy a limit order between the spread is like trying to fish without bait. No one will bite. Market Makers have no reason to fill your order unless they can produce a reversal and squeeze you to sell at a loss. Wide spreads are risky because the buyers and sellers are so far apart.

When I first found this thread I liked this post here stating these key points. It appears after reading through this entire thread Mr. Charts does not follow his own writings. Why would he write one thing and do the opposite? Just look at the charts that have been posted on this thread and you...

The ATR on this trade post #1283 was 55 and a wide spread to go with it. This goes against the main methods of this thread. We want to take trades that are readable on level II & time and sales with a chart set up. This trade with the high ATR would give the average trader a high level of...

The ATR on this trade post #1156 is 35. That makes it a very risky trade. Stocks with high ATR's also have wide spreads which are not shown on charts. This makes charts unreliable as the only reason to take a trade.