torero

Why don't you kill time on the chat room with us? I'm killing it too... again and again.

Dang, BF, you got time today dontcha!:haha: I'd cut down on that puking icon, it's very graphic, gonna have to ban you on that one!!!! (jk).

See the little green guy? That's me, by hurting myself, I'll be hurting you!!! Yowser!

Let's get ready to RUUUUUUUUUUUUUUUUMBLE!!!!!:crap:

Price movement have been almost non-existent. I've been getting whipped in and out myself. I assume everyone is waiting for tomorrow's news from the Fed. So I'm shutting myself out until things pick up.

Hi Eva, You can check LBR.com and tradethemarkets.com. I think they do face to face mentoring if this is what you prefer, but I don't think you can do that for a long time (1 week course) without putting alot of money. This is the reason why phone or chat room mentoring is a cost-effective way of doing it. I think you can go any chat room and just familiarize yourself to the traders and their styles of trading and try to see if they can mentor you. I think this is better than those paid chat rooms where are 40 traders all being mentored by 1 or 2 persons. You can go to TL chat room and hang out and see if anyone is willing to help you out. It just a matter of getting the right match that is important. Good luck.

Doesn't sound like a bad idea. The only thing is if they already have the simulation, it isn't that much more into creating special accounts for contestants. Yes, by using their platform for platform, people will get hooked the more chance they get to use it. I like BF's idea, it's about time we need a contest on this site. I'm betting I can beat BF at his own game! (JK!) or at least BF holds a bar we can all try to reach.

I didn't see anything on forex quotes is the other reason I'm putting RT back for now. thanks, James. How's the CPU consumption and the quotes so far? And Level 2 and T&S. 1.5 years is very nice!

Do they have tick charts? What is your total cost each month? I reviewed their site and platform but decided to go with Ensign for now.

I like contests, this would motivate me and keep the boredom away. So MZ sounds like a nice idea. As for C2, I had some experience in the past past. It's a great platform to show off (or make money) your strategies, mechanical or discretionary. One word of advice: scalping and short term trading strategies will not work. Delays in alerts arriving and trades depending on seconds to get a profit will NOT work. I did a few trials with some systems and from reading feedback and personal experience, the strats are overrated compared to the reality subscribers get.

Sure thanks for the detailed feedback. I had just signed up last week and so far, I'm very positive. I haven't used extensively just yet, just setting up things I had on TS. But so far I've noticed the feed is actually more accurate than TS, despite it being from FXCM. As a data feed it's very good as a broker, it's another nasty story. I shopped around looking for tick charts, it came down to RT Investor and Ensign. I ruled out eSignal because they are expensive when I only wanted forex quotes (it's premium). Ensign price was reasonable and support is actually very good, has its own chat room for support. RT Investor was a bit complicated with their data feed partners. In the end, I got it down to $39/month vs. $99/month, can't beat that when everything I need is the same from both. I plan to get some of the codes I did on TS and recode them into Ensign. The best part is the videos to get to know the software instead of manuals of text. Great idea!

I like both actually. Each has a different background that can serve many areas. Each has their own way of doing things so I don't see it as a hindrance. I think if one doesn't win, the other one should be chosen as vice president and vice versa. This would make the ticket unbeatable. McCain is not a bad choice, but I'm tired of Republicans running the country down the ground last 8 years (seems more though) and all their partisan taking part in it.

Right! That's the one. I gotta pick that one up. It would be a good weekend read, I'm sure. I can't for this book to come up too!

From time to time make sure you check the weekly and monthly charts to find S/R areas. This may help where you're at in relation to the bigger picture. This may help you find profit target and possible support areas to get in.

It's a good entry and with higher lows showing forming an ascending triangle. This pattern show up very often, especially on intraday timeframes. Good luck. Keep the stop tight.

This is exactly how I play my setups. Those small stops are the best risks you take without losing your nerve or shirt. Once it goes my way, I usually add more at the 2nd pullback. This is the sweetest spot you can get from a trade.

Just to give you an idea, take a look at this chart. It's been going since last night. Globex don't trend like this, everything dies at globex except in times of crisis. it's almost 500 pips already in a nice trend. Doesn't happen alot but trends tend to be smoother.

If you live in the West Coast it's not so bad since London opens around midnight, if you can spare 1-2 hours after that, this where most of the moves and volume take place. East Coast, it's no question the hours are hideous if you're working fulltime during the day. But if you swing trade them, there's no sense in sitting in and watch it tick, place your orders and you're done. Trends are seen more than eminis imo.

I traded 6E in the past, very little volume. It may moved like EURUSD but the volume is a concern. EC is not but it's too big for what Abe is looking for (12.5$/tick). With FX, you can go at micro-lot ($10K) with a cent per tick. I think anyone can trade this lots as a substitute to paper trading. We're talking super peanuts here, can't get that with e-minis. I think anyone can afford trading with so little risk involved to test out the market. Anyway, wish you luck with your research Abe.

Don't forget that when you're trading real money, you have to watch yourself and your mental state. It doesn't seem relevant now but it will when you put down 3 contracts vs 1 contract on the line. These #s and calculations don't amount to a hill of beans if you can't manage to follow through with your intention to follow your plan. Being down $100 vs $300 on a single trade will put you in perspective quickly. Can you afford to go the next few losses with 3 contracts? Are you mentally tough enough to watch your profit/loss #s fluctuate? I say stay with 1 contract and see how you head and heart feels and takes it. Then move it up. It's about executing the plan with discipline that counts.

Abe, check out out EFX, MBTrading, Oanda. Also read this forum thoroughly to understand the issues involved: nondealingdesk.com. I traded with MBTrading for 2 years and haven't had problems so far. Only last few days, I've gotten delayed quotes (not sure if it has to due with unusual volume in the markets).

You gotta love these guys. Talk about faulty money management. I guess he thought GS was his equity balance HAAAAAA HAAAA!. Knowing how tightwad banks are but against all odds, bureaucracy, checks and balances, double checks and double balances, he still manage to fool everyone. Kudos! I wanted to pick up that book about the one that did Lloyds of London, anyone knows the name of the book or author?

Try this one: http://www.easy-forex.com/en/Forex.Charts.aspx If I find more I'll post some more. But I'll give you an example, this morning, EURJPY went up from 155.00 to 156.6 (160 pips or ticks at $10 a tick), consolidated then started from 156.00 to 157.00, much pretty straight up. If you hold it a few hours, it was going in one direction. I use 100 tick charts so it's bit shorter timeframe than 5 min charts. But you get the idea. One of the best things about this market is the ability to place trailing stops and letting it ride. I could have never done it with eminis. The move is usually wide enough for me to catch a nice one before the trailing stop stops me out. And to be honest, I used to never trade the news, but now I usually sit around and wait for the reaction and ride with it. I could never do that with eminis. Here's an attachment of this morning's move. You can see the double bottom and double top, almost right on the mark. Make a counter-trend entry with a stop loss would work here because it stopped cold turkey. I shorted (the red bars) that stop with a tight stop and didn't hit it at all. Had it failed, I would have gone the other way no problem.

It's true the commissions are a bit stiff. But I prefer fx just on the fact that there is liquidity is 24 hrs, globex if you're lucky (or unlucky) to get enough volume out there to get out at your price, usually slippage is large, 3-6 ticks (but I'm sure it was much much more last Tuesday). When I say 24 hrs it's 24 hrs even volume day or night. I trade eminis and forex and globex is still virtual 24 hrs. Last Tuesday when there was panic in the markets, forex was just another day, moving up more than usual but I didn't see panic like what I saw in the markets. The market is one of the steadiest I've seen when it comes to crisis events. It's true there is no tight regulation like US-based exchanges, but so far I haven't had trouble with the brokers, software, or anything ifor the last 2 years now. Although there is no strict regulation, things are changing. More and more brokers are offering real service, just stick to Non-dealing desk and you'll see what I mean. And there is no limit up limit down like we saw the other day. When I want to get out, I get out, simple as that. Days like that I wish eminis are more flexible. I see positive things that could be improved on emini rules. I also have to say that forex trends like the mother.... no doubt about it, less erratic than eminis. If you want to play S/Rs, this is your game, more so than eminis. It's very technical. I use stops on both and I tend to get less stops on FX than eminis (maybe it's just strategy). I don't see any head games just because the market is so big, no one can really influence anyone else there. I like trends, not sure about anyone else so this is what I see often. Swing trade forex won't get surprises like Tuesday. Just my observation.

Thanks, it's very good for free. But I'm looking for a tick chart as well. Good to know there's a free chart out there.