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Kiwi
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Everything posted by Kiwi
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My cut fwiw. Most of the XPSP3 upgrade problems came from HP computers because of the way they put the os image on - HP was once a great company. Dells are ok but many are built to a price spec so its not as good as you could do building it yourself. On Jay bird's spec. 1. I've got an 8500 but I'd get an 8400 because they are the sweet spot for price/performance (but the shop was out of 8400, and when I want to upgrade I upgrade NOW). 2. Yes to XP. No to Vista. If you get 4G of ram you can put a nice big ram disk in there and run your trading apps on the ramdisk (I run TWS, SierraChart and Firefox on the ramdisk for max speed and minimum disk wear (max reliability)). 3. They put 667M ram in! Yetch! 800M is very cheap now and 1000+ if you want real performance. Why get a good new core2 and be cheap or ram (unless you're dell and building to a price spec). 4. Why bother with raid for a trading machine but maybe you have some very specific needs. 5. That graphics card is way overspec except for gamers. If you want to trade then a 7300GS with passive cooling will be much cheaper and do base games (7900 for more gaming). 6. Don't use wireless anywhere in your trading - it adds latency in a big way. Fixed wire connections to your trading machine. 7. McAfee = rubbish; so's Norton except for Ghost. But if its free. If I was paying I'd get Nod32. If not AVG is pretty reasonable as is Comodo for firewalls. So, drop the raid and you can probably save enough to upspec your processor to an 8400 and get 800Mhz ram. Drop the expensive fast graphics card if you're not a hard core gamer and you can reduce noise, save the environment and your pocket all in one step. One view
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Wasp I posted those alternative line structures in the wrong thread (but can't delete it and can't seem to find a "complain button" to get the mods to move it) so here's the link: http://www.traderslaboratory.com/forums/f130/live-fx-trades-3848.html#post36161
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Apologies for thread integrity ... Wasp, here are the pictures, first of channels which I personally prefer to trendlines for displaying trend integrity and second of 3 line fans for potential trend change. With channels I started off with andrews babson but ended up using the left hand side to define the slope for the right hand side. .
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I suggest that we follow the "he who shall not be named" rule here and avoid future reference to him. It's never good for the thread's integrity. I could tell you weren't hwsnbn immediately ... your post was WAY too short. Hi Richard. 9
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Welcome Mike. Glad you could arrange such a noisy send off over at T2W. :crap: 9.
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mdtmn, Some might prefer to take a small position at the likely turning points, perhaps adding on strength. I think that's franks own approach. I tend to prefer test and retest with lower volume. The sort of price action stuff you see here. You could enter at the retest or you could enter when price starts to move away indicating strength. Here's an example: :hmmmm:
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FWIW I buy the odd course particularly when they are inexpensive (as Frank's is). The material is sound and provides something you will be lacking when you finish studying the dalton market profile books - a fairly simple approach to trading with Market Profile. Although it is not how I trade, I would recommend it to someone learning to trade and/or learning about trading methods.
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A good response Eiger. I have often argued that trading is always about predicting because we are making a statistically based prediction. For example, I am entering because their is a 68% chance that price will reach my target before retracing to my stop when this pattern occurs in this situation. I've found the "you do not predict" school to be frustrating because they mean one thing when they use the word predict and I mean another thing. Here you clearly identify prediction in an almost Buddhist sense. Buddhist's don't have a problem with wanting something ... their problem is with the attachment to that wanting. That's the source of the unsatisfactoriness/unhappiness. Similarly there isn't a problem with predicting that there is a 68% chance of X if Y ... but the problem is the attachment to a statistical prediction. So you use the word anticipate to describe a prediction without attachment to the outcome. So it seems that by saying "I anticipate" instead of "I predict" one can avoid the attachment, the ego issues, and the difficulty in then simply following your process and the market without distortion.
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LMAO brownsfan, You take the cake (and can keep it). Why so incredibly defensive? Not only does it not say "sales people make bad traders" but you take name calling to a special level. Very small. James. I can't be bothered with his sort. Hope the site rises above him. Good luck.
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You can be obtuse. Where does this say "sales people make bad traders?"
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You might want to look up Curtis Faith. I have gone through "what you have" both as described above and as a manager of sales people and as a manager of managers of sales people. What I don't have is experience of seeing many of them move to trading. What I do have is experience of seeing a lot of people move to trading and fail.
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Interestingly I was reading the first couple of chapters of Curtis Faith's new book "Way of the Turtle" and he points out an area where ex-sales types may be at a disadvantage (although five or six months on commission only waiting to become rich does toughen one up a bit - especially after the 3 months guarantee runs out). Outcome bias: The tendency to judge a decision by its outcome rather than by the quality of the decision at the time it was made. Sales types are very focussed on the numbers. No matter how much process is discussed you end up a hero or dead on your numbers. So it may be harder to detach from outcome and focus on process than for some other former careers.
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What always worried me about pivots is that every set I used (floor, woodies, camarillo, etc etc) seemed to work some of the time. So in the end I just used prior swing highs and lows and highs of today and yesterday.
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The most cost effective packages that will do the things you need are probably the old version of tradestation (TS2000i), SierraChart, and Amibroker. I have used the first and still use the second. I don't know the third.
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Looks like a hot tip to me ... suggest these guys get the message that a repeat will result in banning (or something similar).
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Ryan Watts has a sound approach to trading and a reasonably priced "book." Its supported by a chat room (US hours) and yahoo message board. Its a trend supported method with either scalping or longer term exits - the shorter term scalping exits are useful to a new trader IMO because they give a high win rate and enough trades to start to master the psychological issues. I don't use his method but its not dissimilar to what I do and I have recommended it to friends who need help to find something that can work. You should also read Trading in the Zone by Mark Douglas. Wattstrading.com
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As long as you trade what you see ... life will be a box of chocolates.
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I pick that you guys could be in for a great down day. HSI has been fantastic today. Around about 400 points down so far and very little of that in the opening gap Good luck.
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Sublime, If you are a genuine trader keep posting ... if you're not then please don't post. But don't post links until people have a chance to decide you're genuine and not a spammer.
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On complexity and stress. A friend of mine was trading one market using market profile and market delta. This is a complex setup with few trades. He's dropped that and moved to an indicator mediated pullback and divergence style of trading that has no premarket analysis and little to watch during markets. He's successful with both. The change means he can do the same amount of work/stress dealing with 6 markets that he previously had on 1 market. The signals have a lower reliability/expectancy but there are a lot more of them to make up for it. Less stress in this case.
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Don't forget button trader.
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How do you determine a breakout from a false breakout?
Kiwi replied to Blaze's topic in Technical Analysis
Objectively a breakout fails if I have an entry signal and it hits the corresponding stops. It may then be followed by another breakout which may or may not fail. A breakout succeeds if I exit with a profit. This is a traders answer not an analysts answer. Every trade is a combination of risk and reward. -
Welcome Mohan, I'm sure you'll find a lot of useful information.
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RAM varies a lot with speed as well Soul. You can get 800M+ sticks now but I wouldn't imagine a laptop could use those sorts of speeds. Also, matched pairs seem to be more expensive.
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Technical Analysis: Is it voodoo? Or does it work?
Kiwi replied to Soultrader's topic in Market News & Analysis
PivotProfiler, You are anthropomorphising the the market and imposing your beliefs on it. So your first statement of your beliefs does appear representative of you market views as well: "And the sun doesn't actually rise: the earth rotates." Please come and trade the HSI some time.