Harlequin

Seems to be having trouble even making it to the top of the channel at the moment. Yesterdays action showed that there were few buyers about. IMHO the dead cat bounce will probably be over this week.

Your trading style and personality will have an influence on whether or not daily goals are suitable for you. If you have a style that offers many signals a day then a daily goal can help to stop over trading and loss of focus or concentration. If your style is to wait for the market to come to predefined levels then sometimes the market will not offer you an opportunity to trade and when it does the market will decide how much you make not the goal you set yourself.

I forgot to mention up selling some nice expensive software as well http://www.dynamictraders.com/partners/boroden.html

OK I'll try and be more helpful this time. http://www.amazon.com/Fibonacci-Trading-Master-Price-Advantage/dp/007149815X/ref=cm_cr_pr_product_top The reason I'm sceptical is that the author is selling a live trading room and newsletter for only $344.00 per month and openly admits that she does not trade herself. Just kind of a red flag to me but then I'm an old sceptic when it comes to magic numbers and holy grails.

Why? In all seriousness why have you decided to research a TA method that you have only read a few on-line articles about. What makes you think it has any value? I'm not trolling, only asking out of curiosity. Harlequin.

They put the full unedited interview up. Not as funny as the previous stuff but well worth watching. http://www.thedailyshow.com/video/index.jhtml?videoId=220534&title=intro-brawl-street-get-read-to http://www.thedailyshow.com/video/index.jhtml?videoId=220535&title=bern-after-pleading http://www.thedailyshow.com/video/index.jhtml?videoId=221516&title=jim-cramer-interview-outtake http://www.thedailyshow.com/video/index.jhtml?videoId=221517&title=jim-cramer-interview-outtake http://www.thedailyshow.com/video/index.jhtml?videoId=221518&title=jim-cramer-interview-outtake

With IB ZeroLine Trader and Bracket Trader are 2 good cheaper alternatives to Ninja for execution. For charting I use MultiCharts. The main advantages of IB are global coverage of exchanges and the Universal account that allows you to trade Futures, Stocks, Forex and Options all from the same account. If you only day trade futures AMP and others will all offer much smaller intra day margin requirements than IB.

I think it's inevitable that most will lose even when given good calls. One of my mentors told me that if you give 10 new traders a winning strategy, 5 will try to "optimize" it and end up trading a different strategy, 4 will stop trading it as soon as it experiences a draw down and move on to try and find the next holy grail and only 1 will actually make money. As for Dennis I think he gave up the right to presumption of innocence when he did a runner. If they don't catch him and a judge never gets to decide does that mean he was innocent? BTW he had me fooled too!

The NQ has been holding up much better for some time.

You could also try using a 30 minute chart and reducing the number of bars back loaded on the chart settings, I have not used it for a long time but I think that did the trick for me.

I guess there is no right or wrong answer but fwiw I forget about daily highs and lows and concentrate on identifying swing highs and swing lows in each time frame.

An interesting log scale chart. Shows market in an up channel since 1800 and it's now just starting a pull back. Not too sure what the basis for 2012 and 2016-18 projections is, but food for thought anyway.

Investopedia is a good starting point. http://www.investopedia.com/terms/f/futures.asp Also try a good search engine, there is a ton of information out there.

In the UK we have Stamp Duty on share sales which is levied in the same way, however if you are not a UK resident you don't have to pay it (your broker doesn't deduct it). I couldn't find any information on that for this bill, I guess they haven't even thought about it.

I can't see how they could collect tax from abroad apart from asking US citizens to declare and pay it on their tax returns. Basically unenforceable and if that's the case then the exchanges might as well move offshore. Also interesting to see if they plan to tax non US citizens (like myself) who trade US futures.

http://www.traderslaboratory.com/forums/f46/value-chart-indicator-3393.html

That's a UK tax regulation, but usually the disadvantages of spread betting (wider spread) outweigh the tax advantage.

I just just tried reimporting and compiling them again, no problem here. I suggest you go back to TSsupport as there is no reason it shouldn't work.

If you post the code I can look at it and see if I can find anything wrong.

http://puretick.com/files/ELCOLLECTIONSSetup.zip I'm not sure if it's the latest version or not but I'm using it with MultiCharts with no problems.

No they bill monthly but the numbers are just too big so they quote weekly and hope you can't do the maths.

BlowFish, Yes when Hubert says tape reading it is reading T&S, he often recommends closing all the charts and just practising with just the T&S window only. As for the indicators that's what I meant by do your own due diligence, I don't have much sympathy for someone that just turns up and thinks by spending a grand on an indicator package they will suddenly make money trading. If your not going to spend 30 seconds on Google then you get what's coming. I remember one time at a webinar someone was complaining they had put the indicator prices up, JC responding "Yes we were selling too many of them" there's supply and demand in action! Over all as long as you understand that it's an education service and not "Holy Grails R Us" JC and Hubert are both genuine guys with a lot of knowledge IMO.

beeker1121, Yes I have been in the trading room and yes I learnt a lot about tape reading from Hubert. When it comes to paying for the service the question really is, does it meet your needs? Hubert normally does a tape reading lesson on a Thursday or Friday morning so if your paying for the room just for that then it's not going to be very good value for you. The best advice I can give is to take the 2 week trial and make sure you spend the time going through the video archives as there is a ton of information there, you can't go wrong for $5. Take notes and after that as I said before it's about how much screen time you put in, it may be simple but it isn't easy. It most likely will take several hours a day for 3 - 6 months before you get good at it. If you search this and other forums you'll find many opinions on Trade The Markets both good and bad, my guess is that most of the complaints are from people who expected success handed on a plate and were not prepared to put the hard work in. Bottom line is to quote another thread "do your own due diligence and be weary of anything involving money" PS "bracket price between S/R levels and then watch how price reacted when it approached these levels" That's a good starting point.

Thanks smwinc, you explained it a lot better than I could. beeker1121, I've been trying to think of any good resources to learn tape reading and there is not a lot about. Soultrader has some good videos on this site, they have been moved to the premium area so you'll need to sign up for that. Other than that I'd recommend taking the 2 week trial at Trade The Markets, go through every video on Hubert's newsletter with tape reading, scalping or live trading in the title and also the members only webinar "Day Trading Seminar - Scalping the Markets". As Hubert would say teaching someone to tape read in a book is like trying to teach someone to swim over the telephone. To learn you need to spend a lot of screen time, open a DOM and a time and sales window, close all the charts and practice.

The tape only shows that a trade happened, for there to be a buyer there must have been a seller. If you are referring to it being coloured red or green that just indicates that it was executed at the bid or ask.