Midas-daily profit

SP:SPX   S&P 500 Index
249 2 2
As I predicted yesterday, uptrend is continuing. So I continue long, only from long side at the bottom of 5 min chart by 2 min chart (because action is there) and unload at the peak of 5 min chart several times today. Made a lot of profits.
This trend will continue till forming double top at the price of 5/22/13. Then, from there, either go up or go down.
Macroeconomic is eventual downtrend from the Fed tapering, eventual increasing interest rate during upcoming future. Until that time, while music is on I will dance continuously from long side. MACD is still up, histogram is up, Stoch RSI is pointing up.
Every indicators are pointing up. Until one of them is closing, I will continue long, long, long.
Answer to MIkelin;
5 min chart is unable to show here because I use different chart for trading. So I tried copy, paste but this function is not working here in this space. However, the following is my trading method in writing.
If you like to see chart itself, I could e-mail you. Thank you for your interesting.


The above is TransAct chart with which I trade. Above is 5 min chart on the day of 7/11/13.
I have 21 min, 13 min, 5 min, 2 min chart(all fibonacci number), candle, various moving average, Keltner channel on one big screen.
At 9:30AM , I mark horizontal line for yesterday 's top price, and bottom price (you see horizontal pink color dot), closing price(not shown here, but I place with different line mark) . And I mark opening price of trading day ( you see horizontal yellow dot) and start to watch price movement with opening bell, so called "opening price "and "net price" change.
Once price hit TPO VAL ( I see it occurs today at 10:40AM turning point----you see the green dots on 5 min chart--this is the TPO Value Area Low), I entered long at the synchronized point with MACD, DT Oscillator, Double stochastic-Bressert, and preferably relative momentum index as well. I enter precisely with 2min chart with synchronized point of 5 min. I use 2 min chart because action is there and 5 min chart is a little bit late.
I applied many moving average(SMA, Hull, long term, short-term) with zig zag, automatic trend line for momentum movement . I utilize lineal regression end channel as well for early recognition of trend change.

How I trade ?:
When long term is trending up(big green MA line), I go only long at the bottom of intermediate term(5min) , but at the short-term, 2min chart bottom of synchronized point for fine tuning.
When long term is trending down(big red MA line), I go only short at the peak of 5 min intermediate term, but at the peak of short-term 2min chart on synchronized point together with 5 min for fine tuning . Easy to recognize because zig-zag, 3 different indicators aligned matching together.
***I place sound alarm at each turning point, different alarm sound with blinking light for easy, early recognition of momentum change.
**** At the bottom of the above 5 min chart, I place ATR(5 for bar, 20 for line).
With this ATR value, I calculate stop loss distance during that period. If this 5 ATR is abruptly higher than 20 value, meaning volatility is increased , I increase stop loss distance and decrease lot size at that moment for risk management.
I sell 1/3 -1/2 of total contracts at designated price automatically by trading plate, then I use trailing stop until the peak of 5 min chart and sell remaining at the top of 5 min chart.
I scale in and scale out.
Why this method is working?:
No stock goes up straight, no stock goes down straight. Every stock moves with cycle--long term, intermediate and short-term intermingled together. If long-term is moving up, I enter extreme bottom of intermediate-term and goes up together. If long-term is moving down, I enter extreme peak of intermediate-term and goes down together. That means I use long-term is my traffic signal along with above all indicators. Without this kind of signal, no way to know where I am going.
With armed with this signal indicators and principle, every time profit is evident.
Because I am riding with tide and I am trading with trend, not against it.
If I know I entered against trend, I stay out immediately and turn around with easy flexibility.
Hopefully above will be answer to you. Thanks again. Good trading!!
You write "So I continue long, only from long side at the bottom of 5 min chart by 2 min chart (because action is there) and unload at the peak of 5 min chart several times today. Made a lot of profits". Could you post a 5min chart explaning it? tnahks a lot
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