diablo272

Forex Trading Software | Charting | Trading Platform | DealBook | GFT

If people are going to leave this early, the Fed might as well make the entire week a holiday. All I know is that if I have to sit through 3 more days of the trading we had from 10:30 on today, my head will DEFINITELY explode from boredom :evil tongue:. I actually resorted to playing a game in the last couple hours of the day...It's called Knytt, it's free, takes very little resources, only takes a small part of the screen so you can still watch for setups, and is very well made. http://nifflas.ni2.se/index.php?main=02Knytt_Stories&sub=03Download

Many platforms will do this, I know that Ninja does, and it's pretty decent in this regard.

I just re-read my post and realized it could afford to have more information in it, but I can't edit it anymore, so I have to make this new post. For more information about the Chart Trader functionality of Ninja, click on the link below and in the menu on the left side click on "Order Entry Windows" and then "Chart Trader", and then go from there. Basically, you can place an order on a chart, and then modify your stop and target (after your order is filled) right on the chart. I use this feature for order entry and management, and it is for the most part good.Very usable, at least, and the only other platform I know of that has a feature like this is Sierra, though I don't know how it compares to the one Ninja has. http://www.ninjatrader-support.com/HelpGuideV6/helpguide.html Between Sierra and Ninja, I would try both since they both have free demos (though I'm not sure if you can demo the ATM function of Ninja for free, you can still get a feel for the chart trader). I have heard plenty of good things about Sierra, and I use Ninja personally, and though it does have many salient faults, it also has many good features. One big issue for me right now is that Sierra supports 64 bit and multi-threads, whereas Ninja really does not. And while NT7 is supposedly going to support 64 bit OS, the Zen-Fire API (which is what I use) will not, and I think that at this point in time, that is unacceptable. Part of the reason why I say this is that I have an i7/6GB system sitting next to me (systems like this will become more and more common...6GB isn't even that much RAM anymore, though a 32 bit OS can still only use 3-4GB of that), and I would like to get as much out of it as possible. Of course if you're only talking about memory usage, it's very unlikely that any trading platform is going to be using even 1 GB, so it's kind of a moot point in that regard, but that is another subject entirely, and honestly one that I'm not totally qualified to discuss. So as a Ninja user, I can say that Ninja in its current form is worth using for my style, though I am considering Sierra with DTN IQ for the future. EDIT: I just realized the OP was banned...Oh well, hopefully someone else can use this info.

Ninja also does this.

Good point, I didn't give much consideration to time while writing my previous post. Yes, that is what I meant to say, and I agree with what you're saying here as well. Have a good weekend!

It's much easier emotionally for most people to blow 10 $300 accounts than it is to blow 1 $3000 account, and frankly that is why micro lots exist. I'm not saying micro accounts are bad, I'm just saying that it can also be looked at as a negative. It really depends on the mentality of the trader, just like anything else. I think that micro accounts are usually advertised as something for inexperienced traders, but really they are better for traders who have at least some experience, because it is still possible to lose the same amount with micro accounts as it is with normal lot size, or futures, but the perceived risk is less (to a newbie). I have read threads on Babypips and other forums where someone claims to have turned a $25 micro account into a $25,000 account, and I don't doubt them, but I think that for every person who has done that, there are 100 or 1000 who have blown up many micro accounts. Of course, this is the same as saying that for every 1 person who is a profitable trader in general, there might be 100 or 1000 who are not profitable. So my point is that, just as Thales said that if you can't be profitable with a micro account you probably can't be profitable with a normal sized account, the opposite is true. If you can't be profitable with a normal sized account, a micro account won't somehow make you a better trader. And as an aside, to Thales: This post is not directed at you regarding your daughter's forex account. That is none of my business, just to be clear.

Are you sure that isn't correct as it is? It could be reporting $2.40/side, which is the same a $4.80/rt.

NT7 Release questions - NinjaTrader Support Forum

Ditto, it'd better be imminent...

In my experience with options, they are far too complicated for someone with my mentality to use profitably. I am an intraday trader, and options are something completely different from what a "trader", in the conventional sense, is able to exploit. There are so many factors that affect the price of an options contract--I'm sure there are profitable ways to trade them, but keep in mind that options trading and futures or stock trading are just totally different. Unfortunately the only way you will really get a sense of how different from one another they are is if you try them yourself. If you want to trade, but not intraday, you can do that with stocks or futures. Options really are not suited to purely directional strategies, in my experience anyway. From an intraday trader's point of view, the main advantage of options is their leverage. But with the e-minis, the leverage is much higher, and the pricing is much less complicated, so I've chosen the e-minis. If you want to get an idea of what I'm talking about re options pricing, look at intraday charts of ATM options at a time of relatively low volatility, such as April or May of 2008, and then look at intraday charts of the same interval at a time of higher volatility such as November of 2008. Compare these charts to the underlying. If you are a purely directional trader, I think you might find that options are not the best choice for what you want to do. But as AgeKay said, I don't know you, so options may be the perfect fit for you...Really, it is up to you to decide.

This is a pretty old thread, but if anyone is still interested, may I direct you to the Ninja forums: NinjaTrader Support Forum

I don't quite understand why something like that would be illegal. Can anyone enlighten me? Edit: I don't think the video files were posted there when I made my reply. I'm guessing my question might be answered in the video.

This post has caused me to think now...My observation is that on lower volume days, price tends to consolidate on my main timeframe. However, when I think about it the way you phrased it above, that shouldn't be the case....I'll have to spend some time thinking about that.

How far in advance are you placing your orders for them to be partially filled when price doesn't trade through your entry/exit? I only have limited experience trading ES, though I am planning on switching from YM to ES sometime in the future. This topic interests me because often on the YM you can get filled when price doesn't trade through because the BxA is often actually spread by 1 point. Thanks.

You said in your original post that the two stocks should be BOUGHT, you said nothing about only monitoring them. What you have said in your above post goes both ways... This post is not exactly respectful in tone or comment either. If you recommend that people make a trade based on your recommendation, you should expect that those people will want reasons for your recommendation. If you are unwilling to give any reason, I'm not sure why you would expect anyone to give you any credit. To be blunt, I have no reason to respect you when you come off as a salesman who offers nothing of worth to anyone, and then proceeds to complain because no one respects you. Given the amount of foresight it would have taken to include your reasoning in your first post, I'm not sure why you failed to do so. Forgive me for being abrasive. I have nothing against you, only against your actions.

My observation is that on low volume days, markets (at least the markets that I watch) are more likely to stay within a range and "chop" than they might be on a day which would be closer to average volume, or higher than average volume. I currently do not have a strategy that would be profitable on days like that. Of course, sometimes my current strategy can be profitable on days like that, but more often it will either result in breakeven, a small gain, or a small loss. So I have made the decision that, because I have reason to believe that rollover day will be a low volume day, I am better off just sitting out. Also as I said, Ninja is known to have numerous problem on rollover day, so that is another reason to sit out. Basically, the risk is not worth the reward. And I do agree with you that volume is only volume, and nothing more. However, I do think that there is a general correlation between volume and price action. In my experience, this correlation is not enough to base a consistently profitable system around, but there is still a correlation that I can see: i.e. low volume days are often consolidation days, high volume days are often days when a trend system (depending on the parameters of the system, of course) would have an edge. And I realize that the consolidation days and trend days can have varying definitions depending on the trader, but my point is that volume does seem to be related to price action in some way, even if I can't create a profitable system based on volume. Generally though, I do agree with your post above.

And what exactly do you mean by "minimal risk"? I mean, you're not going to provide training on "downside risk analysis"? Would you even be qualified to do so? This isn't a stock recommendation board where people are constantly asking "is this a good stock?" It's a trading board, and if you did provide training on "downside risk analysis", it would be much more valuable than simply telling us to blindly go long on two stocks that you say will have "minimal risk". If you actually knew anything about risk, you would know that it can be quite dangerous to enter any position without defined risk. And defining risk as "minimal" is really not a definition at all. Here's an idea for your next trade: Instead of making a trade, wire all your money to my account. PM me for details. Don't worry, the risk to you is "minimal". You'll lose all the money in your account, but the risk is nonetheless "minimal". Really, don't worry, your money will be safe with me.

You expect people to make trades based on your recommendation when you refuse to provide a reason for doing so? Sounds like a plan! If your "reliable" market forecasts are any indication, I'm sure this recommendation of yours will make me loads of money!

Rollover day: do you take the day off, or do you trade? Personally I find my edge diminishes on rollover day due to the lack of volume, so I sit out. Also as happened today, and as has happened before, I sometimes have technical difficulties on rollover day with my platform, so that is also incentive to take the day off.

Your input is appreciated, however, that means nothing without specifying what exactly you define as "swing and long-term" and "day" trading. If you simply say something like "a strategy that exploits the trend does not work for day trading," that statement really doesn't mean very much, because there are many different ways to trade intraday. Of course, it would also help to know what you mean by "trend trading".

Well you know something may be amiss when the IB feed beats out the likes of CQG, Reuters, and Bloomberg, but it's still interesting. Though I probably could have guessed that the two most used feeds are IB and TS.

It would be interesting to see the choices available in that poll.

I had never heard of CFDs before, so: http://en.wikipedia.org/wiki/Contract_for_difference http://glossary.reuters.com/index.php?title=Contract_for_Difference http://www.investopedia.com/terms/c/contractfordifferences.asp http://www.contracts-for-difference.com/ Makes sense to me!

What are you waiting for?