Soultrader

Hi Urma, Like trader273 mentioned, it is rather hard for traders to get involved in your posts without posting more details. Traders do not have access to your Market Heads-Up Display nor do most of us have any idea what is is showing. (though you fully understand it) It would be rather hard for us to ask questions as well. Perhaps you can provide some more info so members can interact?

Hi Suri, Ive attached your chart with revision to indicate the confirmation point for the short. Can you please confirm if this is correct? Thanks.

Hi, Recent personal attacks on the forums have forced me to create this thread. Traders Laboratory has grown over the course of the past 2.5 years by maintaining one thing: respect for one another. While many boards continue to allow trash talk and attacks, I can not allow this to happen on TL. There is a reason why TL contains only: Threads: 3,935, Posts: 55,821 Most forum owners will only care about pageviews and post counts. At TL we prefer quality over quantity. For any concerns regarding a member or post, we urge you to pm anyone of the mods or myself. If there is a concern with a particular mod or myself, please feel free to pm me directly as well. I am very open to suggestions and recommendations from TL members. Afterall, it is the members that create TL. Any continued post that aims to attack another member will be deleted upon notice. If there is an issue please pm me or the mods and we will try to resolve the matter quietly without an open public debate. Please help us keep TL a quality forum. Thank you.

Oh no, Im not a programmer and I currently dont use TS anymore. But I suppose it wouldnt be too hard to code up for someone with programming skills? If I can code this up in CQG I will share the code. Thanks.

Congrats to Head2k for winning the Feb. 2009, POTM contest. Thanks!

Which post should win this monthly nomination contest? Choose from the topics (posts/threads) listed throughout the forum(s), and vote for your favorite post now. What is Topic Of The Month? Topic of the Month is a contest that select posts on which we would like the community to commit to as a group and then comment/discuss on them during the course of the selected week/Fortnight/month. Any listed topic (thread) is eligible for the Topic of the Month selection. What determines a Topic Of The Month? Topic Of The Month is based on a simple nomination system. Throughout the selected forums, members with adequate permissions can nominate their favorite topic by clicking on the award nomination button below the post. The topics with the most nominations during the course of the week/month are displayed on this thread using the poll feature. At the end of the month, the first three topics with the most nominations are the award winners of the contest. Topic of the Month Winners Every month, a $20 Amazon Gift Certificate is awarded to the Topic of the Month winner. A pm will be sent out to confirm your email in order to receive the gift certificate.

TRO did share his indicators with the forum. I suppose Urmablume's will remain a secret although the concepts I suppose can be programmed by anyone with coding skills. I find value in Urma's posts, for example I am quite interested in exploring more on tick charts. Lets say by using a 100 tick chart, I can simply program to count how many bars were drawn in lets say a timespan of 1 minute... this would somewhat be similar to what Urmablume is sharing? I was just brainstorming right now of an historgram like indicator... not sure how effective this could be but perhaps someone else can expand on it? Thanks.

This is quite fascinating stuff UrmaBlume. Thanks for sharing. What platform are you using to write these indicators? Seems like everyone is out to win the volume analysis race.. trying to dig deeper into analyzing what lies within a volume bar. However, I do like your approach of analyzing the number of transactions with time.... or is this something else? Thanks.

Hi, can you pm me your preferred username? I will change this up manually. Thanks

Hi all, Anyone noticing any increase in site loading speed? Feedback is appreciated as we have completed the migration to our new server. Thanks.

Hi bf, Ive fixed this up. Please let me know if this does not show yet on your side. Thanks.

Hi, Thanks for the notice. I am looking into this right now to see the cause James

Hard to complain with its superior charting platform. Tradestation does offer top of the industry charting software with the ability to add custom studies and indicators. However datafeed is unreliable at times and execution is slow. Overall a good brokerage firm.

This is a great book for any new traders/investors entering the financial markets. This should be a required reading for all economics classes in universities. Very in depth workbook on the stock market that can help new market participants to drastically reduce their learning curve. If you plan on trading stocks without market knowledge, this is a must read. Alot of useful information and resources. I personally recommend this book and "The Intelligent Investor" by Benjamin Graham to any new trader/investor I meet. They always love it. This book can be considered as a financial reference book/textbook. Although the trading strategies mentioned in this book are basic, this is a great pickup for any new trader entering the market.

From the Inside Flap It's Wall Street's most painful paradox. Investors are more sophisticated than ever, are enabled by unprecedented technology, and protected by more government oversight and regulation than at any other time in history. Yet Wall Street is becoming a riskier and riskier place. Crashes and catastrophic losses seem commonplace. Hedge funds wreck on the financial shoals with a disturbingly familiar pattern. Worse, today's financial crises do not arise from economic instability or acts of nature, but from the very design of the financial markets themselves. In A Demon of Our Own Design, Richard Bookstaber paints a vivid picture of a financial world that is ever edging toward disaster. As a hedge fund 'rocket scientist,' Bookstaber provides an insider's perspective to the tumultuous management decisions made by some of the world's most powerful financial figures from Warren Buffett to Sandy Weill to John Meriwether,as well as recounting his own contribution to market calamities. He designed some of the complex options and derivatives that, combined with the globalization of the world's markets and the ever-increasing speed of transactions, allow markets to slide out of control. And he explains why the best efforts of institutions on the front lines to create safeguards, manage risk, and regulate the markets may end up contributing to instability. Bookstaber argues that many of the financial innovations and regulations that are supposed to level the playing field instead make the markets more dangerous for all the players, big and small. Drawing on his intimate knowledge of such infamous disasters as the 1987 Crash and the demise of Long-Term Capital Management, Bookstaber identifies the key areas that make markets vulnerable: liquidity that begets greater leverage; innovation that creates greater complexity; and a structure that demands a nonhuman level of rationality. The twofold solution he suggests—reducing complexity and breaking the tight coupling of transactions—goes against the prevailing winds of Wall Street, but will lead to a more robust and survivable market. --This text refers to the Hardcover edition.

Prop firms I have dealt with require an initial deposit of 10k - 30k. Then given your track record the your trading skill, the management will decide how much capital to allocate for your trading. So you might work with $1million, $3million, etc.... Risk control is fairly strict. Any down month and you are likely to be suspended or even fired from the position. What prop firms want is conservative traders without the volatile PNL fluctuations. Some firms may limit your monthly loss limit to 3-4% of the capital allocated. Regardless, they will absorb the loss if it goes beyond your initial deposit. The advantage within prop firms is you have access to institutional tools, high-end trading platforms, interact with professional traders, etc... You can pick up many strategies that your buddies may be implementing. Hence a great environment to learn. Regarding profits, the percentage varies from firm to firm. Here in Tokyo, banks paid 5% while prop firms paid up to 40%. But the difference was with banks you have access to alot more capital than what a prop firm would provide. Hope this helps.

From the Inside Flap Are you looking for time-tested trading techniques that professional stock index and futures traders use? Futures and options markets can be profitable arenas for both novice and experienced traders. But to come out on top, you must have a solid understanding of the markets, the technical tools used to trade them, and yourself. After twenty-five years as abroker, trader, and educator in the futures and options field, John Person has associated with trading legends and manysuccessful traders and witnessed firsthand their strategies for success. Out of these real-time experiences, he shares the valuable insights you will find in A Complete Guide to Technical Trading Tactics. Novice and experienced alike will gain a better understanding of the mechanics of the markets and methodologies that work. Person demonstrates multiple trading methodologies using pivot point analysis and shows you how you can implement these key calculations with other methods and indicators. To understand this approach, you don’t have to abandon your knowledge of traditional technical analysis techniques. All you have to do is be open to integrating the theories to help you confirm, validate, and identify entry and exit points when trading. By learning how to better integrate elements of market analysis such as time and price, you’ll be ready to trade with confidence and achieve success. The proven methodologies that are discussed from the technical side include: Pivot points--a leading price indicator that is based on price points using different time frames Cycle analysis--which deals with predicting market turning points based on time Candle chart patterns--which are based on price relationships between the open, high, low, and close including past chart points such as old highs or lows Fibonacci ratio corrections and extension studies--which are based on past price points Mental thought processes--the last and maybe the most important aspect of trading, which will help you evaluate your psychological makeup and overcomerough spots to stay focused when trading If you are to trade successfully, you need to understand that it requires hard work, discipline, and, above all, that you remain focused with the use of methodologies that pinpoint opportunities and help you take control of your emotions. A Complete Guide to Technical Trading Tactics will go a long way toward accomplishing these goals.

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This is by far my favorite trading book. The concept that you can learn from Market Profile is pure information. Market Profile teaches you market understanding, a method different from trading signals based on technical indicators. Dalton does a terrific job explaining Market Profile in a very simple yet sophisticated way. If you are trading without the knowledge of Market Profile, you are trading blind. Market Profile will open your trading vision to understand the bigger picture and to be aware of other time frame market participants. It will help you answer two important trading questions: 1. Which way is the market trying to go? and 2. Is it doing a good job in its attempt to go that way? I read this book once a month and I never fail to gain new insights.

Dear members, In order to accommodate for the increasing server load and to provide a faster user experience, we will be migrating over to a more powerful server. The server migration is scheduled for 5am EST - 7am EST on Feb. 27, 2009 (Friday). Please note that during this time, we are expecting downtime and the website will be closed. Thank you. Regards, James

Dear members, In order to prevent trolls and member abuse through multiple User ID's, we have placed an automatic multiple account detector. Please note that multiple ID's are not permitted on Traders Laboratory and we are doing this to prevent any abuse. Thank you.

Thanks Blowfish, I've fixed the post and attached the file directly in the post.

Yes, this law will kill the retail trading business and I would be shocked if they actually implemented this. It will drive alot of foreign money out of the US markets due to the lack of liquidity... will only destroy what the US has built so well compared to the rest of the world. Look at some of the Japanese exchanges... very hard to resurrect once dead.

What are your thoughts regarding this issue? Article here. Any chance CNN is sending a message by adding cnn=yes at the end of the url link?

Product description taken from Amazon.com "When everybody thinks alike, Everyone is likely to be wrong." The ten words quoted above are, according to Humphrey B. Neill, a potent factor behind the economic booms and busts that blight our civilization. "The Mississippi Bubble," Hollands incredible "Tulipmania," and the New York stock market crash in 1929 are historic examples of disasters magnified and hastened by the pressure of mass opinion. In exactly the opposite direction, in the years immediately following the close of World War II, ominous popular forecasts of business recession turned out to be wrong. What actually happened was-a business boom, not a business bust! The reason is no mystery to anyone versed in the contrary way of thought-the practical application of the Neill Theory of Contrary Opinion. Today, this Theory-which began as one man's quest for a way to solve the puzzles of economic trends-has expanded enormously in both scope and significance. In THE ART OF CONTRARY THINKING you will find the answer to a question increasingly asked by persons of affairs and influence: Contrary Opinion-what is it?. . .What will it do for me?