TraderBG

I like this one. It's nice and sleek and well within my price range. I appreciate your response.

I'm shopping around for a new backup power supply, so in the event of a power outage my computer and modems will continue running long enough to close any open positions. I have one now but it is a rather aged hand-me-down, and it's somewhat of an eyesore in my office. I've read up on them online and there seems to be several different types to choose from, so I wanted to ask other traders what kind do you use or would you recommend? Please include the actual model # if possible. Thanks!

I usually sample clips from a movie or song and chop them up in a wav editor and upload them. I have way too many to post here and I'm always changing them out just for fun. If anyone has a particular clip they would like sampled, I could probably do it or show you how if you don't already know.

Thanks for the reply BF. I guess the lack of market internals really isn't a big enough concern to completely rule out OEC. Internals really are not all that important in my trading. I do, however, wish OEC had more historical data, but perhaps this platform in conjunction with Sierra Chart, or the other software you mentioned, could get the job done. I think it's worth a trial run at least. Free data is mighty enticing. Thanks

Hi, I’m interested in giving OEC a try. I have a few questions from those of you who already use it. These would be my minimum requirements before even considering a trial of the platform: 1. Does the platform support range bar charts and sub-minute charts (10 second, 30 second etc)? 2. Does their data provide $Tick and $TickQ? 3. Is it possible to overlay one instrument over another? 4. How much historical Daily data is available? I think I read in the wishlist thread that internals are not available but perhaps this has changed? Thanks for any help

I myself don't use arbitrary numbers for support and resistance but from what I've observed the TPO VAH and VAL will usually produce a bounce while the volume POC usually holds price and chops around more so than the TPO POC. But as others have mentioned, it's all about context as to whether the bounce off the TPO VAH and VAL will actually produce a tradeable reversal. If one is not reading the market correctly one could easily get drawn into the temporary bounce the VA levels cause only to get ran over when the auction resumes its course. Personally, I find the current day's levels of more use in my trading but not for support and resistance. Hope this helps.

I would think that if the bill passed, the US markets would be untradable on an intraday basis due to the lack of liquidity.

This is kind of interesting if you like to read: http://dsp-psd.tpsgc.gc.ca/Collection-R/LoPBdP/BP/bp419-e.htm

I believe you are right and that it's very probable to never see the light of day. Then again, the current situation could be the perfect storm for a crazy idea like this. We have a very different kind of president in office with "change" on his mind, a nation extremely receptive to this "change" due to the current financial situation and a Congress full of radicals ready and willing seize this rare opportunity to further their cause. It's in my nature to be ever prepared for whatever obstacles life may throw my way. Step 1 for me is to know my options. The Dax and Stoxx sound like very good alternatives, and certainly worth looking into. I signed a petition and sent off letters to my reps last week. I'm glad to see this is getting more attention on message boards now. I'm not jumping ship yet I'm just getting my lifejacket on just in case.

I've worked so hard to get my trading career off the ground and sacrificed so much. Now that I've finally found my footing and starting to earn a nice living, this hits. If this passes, I'm leaving the country...no doubt about this. I'm not simply going to throw in the towel on something I've invested so much time and money into. My only question is where do I go? Clearly, once this passes another exchange will step up and become the next "financial capital of the world" but which one? Which country is less likely to follow suit? Also, which country will be less of a culture shock for an American like myself? Is the Toronto Stock Exchange worth a look or maybe London? Any ideas?

This has definitely been the case for me as well. I used to spend thousands of hours studying various indicators trying to devise the perfect trading setup. Unfortunately,I never could translate that hard work into a consistent profit, and I feel like I came away from that knowing very little about the market.

Yes there are many traders who don't use indicators myself being one of them. Although I do slap an occasional MA or two up, these aren't used for signaling entries. I also heavily depend on S/R levels but not the ones based on calculations. But, aside from price, I rely on volume more than anything else.

Woah 50%?! Geeze. 30% is quite a bit too. vinodg, you're referring to a given week and not a single trade right? As for me I treat each day individually so I don't have a set number for the week. My theory is this: The market doesn't care if i just lost a certain percentage of my account, so unless it's for psychological recuperation or reassessing my system's reliability, I wouldn't see a point in halting my for the remainder of the week simply because I'm down. But that's just me.

Very cool man thanks!

Over regulation makes markets work less efficiently. This is freshman economics.

Thanks for the replies. I will read a few of the books again but I must say I've been sim trading for over 3 years and after going live I don't yet see the difference like I thought I would. I've prepared for live trading in more ways than most people could imagine. And as I mentioned before this isn't my first time live trading. I traded for about 2 years prior to my "training" with flat to negative results. So this is my first time with such a clear edge. During the last year or so the markets have really opened up to me and the books started to take on a whole new meaning, but like I said I feel I've reached the point of diminishing return on my current resources. I've read quite a few of my books more times than I can count and reading some of them again just doesn't seem like it would be efficient use of my time. I need to be stimulated with new insights and perspectives. So I'm guessing neither of you would recommend Cisco Futures? If not, would you recommend any other resources?

I'm scared and outraged. Don't forget we have a ton of young voters of all colors going to polls this time who are just as uninformed as those in the clip. Oh and don't even get me started on the media. I used to think they were simply biased but now it's turned into outright corruption and abuse of their power. I'm disgusted.

I'm on my 3rd week in live trading and it's going quite well. Problem is I've ran out of things to study. I analyze all of my trades looking for improvements that can be made but can't find anything so far. I'm very skeptical of my early success so I don't want to get overly comfortable. I want to continue progressing but I don't know where to go from here. Any suggestions?

I'm doing a lot better at my trading than I expected, but I've kind of reached a stagnation in my learning. I've read nearly every book that has been recommended on this site and studied my charts every possible way that I know of. It's in my nature to always be advancing so I'm looking to take some sort of mentoring program or course of some sort. I've heard great things about Cisco Futures so I need some opinions: I have a pretty good understanding of MP and auctions but I know I can do better. Will this course benefit someone like me or is it mostly for people with little or no knowledge? If not can someone recommend something that else? Thanks in advance

I recommend you have a look at the candlestick corner if you're looking for a specific strategy. There is a thread in there that has something to do with a 20 ema and hammers. They discuss entries in there I think. As far as the indicators, most people here including myself don't really use them. I will sometimes check the 200 or 50 simple moving averages but I don't use them for any specific setup. I'll glance at the ATR from time to time too but that's about it. I find them distracting but that's just me. Perhaps someone else who uses indicators can chime in?

Thanks for the read minoo. I'll certainly be watching those lows very carefully.

sevensa is right. This is a game where you have to pull together a vast amount of information and develop your own methods. My methods likely won't work for you and if you develop your own it likely wouldn't work for me. Self reliance is the only way to survive in the market.

I got it too.

Thank minoo very useful.

Hi, ephi 1. I trade the ES 2. None 3. I switch back and forth through various time frames ranging from 30 min down to sub minute charts. 4. Price, volume and orderflow