firewalker

Ah, you were always more interested in cheap talk rather than trading Wasp & me are probably responsible for the latest "group-exodus" :embarassed:

I use TWS too.

I got them all, ES, YM, NQ! Nice! Are you sure these things don't stop functioning after 90 days? Even if you re-install them some programs leave traces in the register which invalidates any re-install.

VIX is again at a very low level. Even lower than couple of weeks ago when this article was published: http://www.forbes.com/markets/feeds/afx/2008/04/25/afx4935651.html

Interesting to note that almost all of the biggest gain days ever took place in what people called "a bear market": http://www.djindexes.com/mdsidx/index.cfm?event=showavgstats#no3

This is a new thread where everybody of the 'live trading group' is free to post links to interesting articles, comments, newsfeeds, charts, videos,... as long as it isn't offensive according and it has some revelance to the stock market or trading in general. You may also copy & paste texts here in your posts, if you're sure you are not violating any copyrights. For the record, the posts I make do not necessarily reflect my opinion or thoughts on the matter.

The charts tend to be crap indeed! Especially slow on backfill etc. Most people us an external charting program and IB as the feed. I'm not sure if downgrading Java would help, if the problem is related to charting. But you can try... I suggest you uninstall it first. 2Gb should be more than plenty. You'll have to ask wasp, he cracked the thing I'll have a look at it myself this morning.

Very interesting. You also got me thinking about using my final exit signal as a re-entry signal. Yesterday would've worked fine, but then again these things require testing and analyzing. I think we should encourage other people to 'blog' as well and the mutual exchange of ideas and tactics seems like a worthwile experience. I'll have another look at your charts later, but I already recognize the JPY from on T2W PS: might be interesting to put to currency pair on your chart for future reference or for those who aren't acquainted with FX in general.

This is an example of where I saw supply coming in, and when price got rejected at resistance. I entered off the 5-min chart. On the 1-min chart there are several volume peaks. On the 5-minute you can hardly miss the volume peaks. And imo it's not as clear a rejection on the smaller TF. That could be because of my lack of experience with 1-min charts though NQ 5-minute chart: NQ 1-minute chart:

Trading forex, your time frame is understandably greater. That's a 1-minute chart. I try to have 1 and 5-min next to eachother. The problem I have with 1-minute charts or smaller is that (a) although they help me in earlier entries, there are more 'volume' signals than on a 5-min chart. I guess that's why it's important only to focus on those areas where volume really matters. (b) the last swing low or high can be breached, but price still continues in the prevalent direction, while on a 3 or 5-min chart the swing is still valid

And here's the end of the story! Looks like a good reversal signal indeed! But I just noticed you would've shorted later on then.

Average week. Good trades on Monday, Tuesday and Wednesday. Bias on Thursday prevented me from taking the long side. Missed trade on Friday, because the train left the station right at the open, although it was screaming at me for a short from 13030. Bit of frustrating there. Lessons learned: (1) it's really imperative to be able to switch from short to long and vice versa within a matter of seconds (2) if there's a clear cut trade 15 to 30 minutes before the open, I'm going to enter a small part of my position and add later, unless there is news. Been contemplating that a lot recently, and each time I tell myself to wait for the markets to open, it runs off without me :frustrated: Positive elements: Once I got back "in check" with the market, I was correct on reading the signals. And now that I think about it, all of this should be in my blog!

Have you tried running the latest Java 1.5.xxx? I had trouble using 1.6 in the past...

There's also a German one The Dutch side.

I consider blogs something like self-moderated threads. Wasp & I started one too btw. With 19 blogs on 10000 members, it seems like the concept has yet to gain popularity though...

I hope it means less problems/interruptions, because the ECBOT hasn't actually been the most stable one!

Interesting... my final exit is your reversal signal. Anyway, gotta run! :cheers:

True, and I don't know anything about FX so I'll shut up! Anyway, meantime it has crossed that resistance. And I'm off! Enjoy your weekend.

Here's my plan for exiting: first exit: next S/R (from left to right first dot) second: when a demand or supplyline, drawn with a steep angle is breached third: attempt to make a swing lower failed (red line would be confirmation to hold position) fourth: back above support == So here's my question, I've drawn a blue line, to illustrate a hypothetical situation. If you were in a short from the upper range, how far would you let price come back to your entry before exiting? In general, I think any move that retraces more than the midpoint signals strength, any move that doesn't manage to go back up to 50% signals weakness. Obviously, if you're going to wait till that 50% retracement, you'll already giving back a lot of points/pips...

Well if you're sure that "95% of the time whenever I exit a position through S/R it retraces 10 points then continues" than perhaps you just have to let those 5% come back to your entry and squeeze out every pip of those other trades... It seems that FX trends more than futures than, although lately the indices seem to have a lot of trending days too.

I just knew it wouldn't last long before you talked about drinking :rofl: What I meant was actually all in at once, but partial out.

It's very frustrating to see a good trade turn into a losing one. That's why I move my stop to breakeven after the first target is hit. You seem to be an "all in - all out" man? Why not split your position?

I also take note of divergences at important levels. For example, if the ES falls into a selling climax and then makes a lower low on lower volume, while the NQ makes a slightly higher low, than it would give more confidence in going long on the re-test.

I'm just looking at it now and thinking what I would do if I was in a short. So right now I would scale out at 1416 ES / 2015 NQ and move my stop on the other half.

Sure would've made for a nice short :\ Looks like it wants to go to lower some more, 880. Meanwhile ES & NQ are actually staying horizontal. So interesting divergence.