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SunTrader
Market Wizard-
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Everything posted by SunTrader
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Why Does Support Turn into Resistance and Vice Versa?
SunTrader replied to AgeKay's topic in Technical Analysis
Some like to plot S/R on indicators like RSI but I believe like yourself price rules all others. -
I'd keep a short leash on OCNF, obviously psch levels can work against once broken. Although I strickly trade futures these days your thread piqued my interest, especially because TLAB used to a favorite of mine back in the late 90's ($60/$70 a share days ) but I think it looks good here. An Elliott Wave ABC correction looks to be complete sitting on long term 50% retracement level among others and a TD Buy Sequential too - although this could possibly recycle.
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My opinion only - but the problem is trading $1 stocks not the commission rate. But yes a flat rate broker might be the solution.
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I have been with TradeStation it seems like forever - and have never had an upgrade problem of any kind. I also agree that computers are cheap and unless someone is not serious about their trading there is no reason not to have separate PC's for business and other needs. But I understand others may feel differently though.
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Not sure if this was mentioned yet, but the 'market price' in forex is the change in the bid and not actual trades. So where a stop is located and maybe not hit is because maybe the bid has only moved to there and not trades themselves.
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Which DeMark oscillator is this suppose to be TD REI TD ROC or TD DeMarker?
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- demark
- divergence
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I use last traded price and don't really notice a big difference. But then I never expect price to trade literally around the pivot each and every day. The levels should only be considered trigger areas depending on price action when and if there are hit.
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Or how about just looking at MFI Market Facilitation Index? MFI = Range/Volume or Range/Ticks
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"Globex" or "Daily Session" Value Area / POC for Trading?
SunTrader replied to Mel_Function's topic in Market Profile
I think you are talking to the wrong "big" traders since the big contracts have less cumulative volume than the mini contracts nowadays so it is the small leading the big and not the other way around. -
How much ram do you have and what processor speed/size - this determines performance when crunching a lot of tick chart data.
- 41 replies
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- discount
- easylanguage
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I misunderstood. I thought you were trying to predict range size and not whether the range size was "X" number of points or greater. Nevermind.
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Hey keep doing what you are doing. No argument here. But 'time' is not a consideration with static bars. I know that is one of the points of using them to begin with and agree fixed tick/volume bars help as far as markets such as the eMini, which has light volume through much of the globex night session, by ignoring the time axis. But to me to truly understand the dynamic nature of the markets on a longerterm such as 1H/4H/D1/W1/M1 it is an absolute necessity to consider 'time' cycle factors. To each his own.
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But the markets are dynamic and not static so why make your chart static? IMO analysis of how the markets are and not how we wish seems the way to go. Trend traders try to avoid the ranges and range traders vice versa. Some attempt to trade both scenerios which I don't believe makes much sense. But price is what it is and will do what it will do. I use EW/fibs/fractals and do see repeatable, predictable patterns. Just not all the time in all markets. I believe Prechter or anyone else who believes you can define 100% of all price action is missing the point. It is not necessary, in order to trade, to know every minute of every day what the market is doing. So we market participants and academics will continue to try to disect what it is price is telling us, but the day we truly understand will be the day the markets cease to exist.
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Just jumping in here not knowing if this has been said already but simply using the previous day or average of the previous 3 days range would seem to be a better predictor of the next days range? Although I haven't done any statistical analysis on it. Larry Williams' book Long-Term Secrets to Short-Term Trading is one of many that have delved into this area.
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But the other thing is that the ones who do not consume more than their minimal needs will still have to pay their fair share of the 'true' bailout costs. No free lunch - more debt/higher inflation down the line.
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Link for ELD appears to be broken??
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On the TradeStation forum there are multiple pivot calculations (maybe not Camarilla though) for daily, weekly, monthly with different versions for stocks, futures pit and 24 hour as well as forex. I'm sure there also similiar ones here by doing a little searching.
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So what are you trying to say.
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That truly would be the straw that breaks the camel's back. Dumb following dumber. Who ever says it can't get any worse than ..... Bush or whomever. It can always get worse. Hopefully it won't. But it is going to take a lot more than just hope.
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Yes exactly. If they use the money efficiently or as efficient as we can expect a governmental oranization to be. It can create needed jobs - the dreaded service variety since they don't manufacture anything but the phoney money the Treasury prints. I say dreaded service jobs tongue-in-cheek, after all what are teachers/doctors/lawyers/architects/lobbyists - well forget the last group. But if they are creating jobs for the sake of creating jobs that is just shifting around tax money from one person to another, adding layers of bureauracy and not very efficient at all. Prime example these days is the Homeland Security Dept.