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sevensa
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Everything posted by sevensa
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You might get quicker help if you contact LinnSoft directly. I doubt they view this thread as an official support channel.
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New Canadian Trader Looking for Expert Advice
sevensa replied to launchcodemexico's topic in Beginners Forum
I think you should lower your goals a lot. Do you really think 10% return a month as a beginner is realistic? A more realistic goal would be not to blow out your account in the first 6 months. -
Until you learn you how to use a tool, they will all suck.
- 132 replies
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- constant volume bar chart
- cvb
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I don't really see what your point is and how this is relevant to the topic of this thread? From looking at your other posts, this almost looks like you are copying and posting random topics from some trading definitions related websites? Also, what is your defintion of an investor? I have a hard time imagining an investor using a scalping strategy.
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Why would simple systems not suit more experienced traders? Most experienced traders I have talked with and know have very simple systems. I have found myself that the simpler I have made my method, the better it worked.
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VWAP doesn't have a period setting. I would suggest to Google VWAP to read up a little bit on what it is and how it is calulated.
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Just remember that just because you haven't seen something, or think something is not possible, does not mean that this is impossible. Imho think this is a common misconception that people think successful traders are profitable because they use intuition or have some magical gift. Some probably do, but I would venture that they are in the minority. When I created a trading plan with strict rules, my trading turned around. When I don't follow the plan and follow my "intuition", my account very quickly tells me why I have a plan. I think having a solid plan provides you with much better odds to be successful than trading on intuition/gut feel/seat of your pants.
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The one that fits your needs and requirements the closest.
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Yes, of course this is possible.
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Trade Strategies Using Vwap (index Futures)
sevensa replied to bathrobe's topic in Technical Analysis
Have you seen jperl's threads? He put in a lot of effort and presented a wealth of valuable information. -
Again TradeStation is the tool. Backtesting is done based on YOUR algorithms and trading strategy. Not some magical internal backtesting algorithm from TradeStation which curve fit on time based charts, but not tick based charts. Just because you are unable to find a profitable system based on time charts with backtesting that also works in real time, doesn't mean it doesn't work and can't be done. All this means, is that you were not able to find something that doesn't work. Thanks for all your other advise, but I am quite happy with my backtesting strategies. To be honest, I would take any advise from someone who think backtesting over three days is sufficient and that a screenprint of three moving averages is the holy grail, with a grain of salt.
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Not if you are British...
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TradeStation is just a tool. It cannot decide by itself to curve fit. This is how you use it for backtesting which will determine if this is curve fitted or not. Considering that your first post include a link to an indicator for sale, your post appear to be borderline SPAM.
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With all due respect, why should we trust you? What kind of studies/evidence do you have?
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I didn't say it is the cummulative value over the last 20 days. Please read my post again. Please also read the explanation again from Steenbarger's blog on how this is calculated. In some of the comments to his blog posts, he explains it in more detail. This is not a simple cumulative value of the current values as you think as with On Balance Volume. It's a cummulative value of the difference from the average.
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Actually, it is not. It is the cummulative value of the differences from the average of the last 20 days and not just the cummulative value of adding current values together.
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As the other people has pointed out, all the answers to your questions are available on their website. To answer your last question. Yes, I am sattisfied with IB. But that doesn't mean that you will be.
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[VSA] Volume Spread Analysis Part II
sevensa replied to Soultrader's topic in Volume Spread Analysis
If you read through this thread, you will see that you don't need to use the TradeGuider software to understand and use VSA. The point I have tried to make was that I doubt you will get many people willing to analyze your stocks for you, when it appears that you don't know VSA and don't appear to be willing to read through the thread to understand the concepts and do some effort from your side first. Once you put in a little effort, you will see that people here are very helpful, but if you just post a list of stocks and expect someone to analyze it for you, I don't think you should expect too much help.- 2244 replies
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- technical analysis
- volume spread analysis
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[VSA] Volume Spread Analysis Part II
sevensa replied to Soultrader's topic in Volume Spread Analysis
How about posting your VSA analysis for the stocks you listed to get the ball rolling?- 2244 replies
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- technical analysis
- volume spread analysis
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The link is in the first post of where to get it.
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Ok, this is completely off topic here, but if you are really so busy that you don't have 5 minutes to create an indicator yourself, then you should ask yourself if trading is really for you? Trading is much more than plugging a free indicator from the internet on your chart and you will need many, many hours a day learning the profession. If you want to be a professional golfer, getting a free set of clubs from your buddy at work is not going to make you a professional golfer. Only the hours and hours of practising will.
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- paint
- price volume relationship
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stevethetrader, do you know that you can have multiple sentences per post? You don't have to create a new post for every sentence.
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I have quoted you because I was responding to you and because you made blanket statements without providing any context. Making a statement that 20 pips is enough for stops, without providing any context, or considering the trading style, makes no sense and does not help anyone. You have only provided the context in saying that this is how you trade in your response to my post.
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[important] New Moderation Rules!! - PLEASE READ
sevensa replied to Soultrader's topic in Announcements and Support
Hi James I really don't know if increasing it to 10 will make a difference. I suspect there is a fine line there somewhere between making the number too little and too high. Too little, and it gets too easy to get post removed. Too high and you won't get enough people who care enough to report posts. Limiting the number of posts one can flag in a day, certainly would have some kind of impact. If this will really prevent people determined to get a post/poster removed, I am not sure. I don't really have an answer, but I am also not sure that there really is an issue to be fixed. Is moderation really a problem? At the end, you cannot always please everyone and just because a few people might not like the way moderation is done here, doesn't mean there really is a problem. Looking at the whole, I think this is due to moderation that TL did not evolve into another Elitetrader and is one of the premium forums . Let's face it, people who feel more comfortable in the free for all environment of Elitetrader, will not like it here. I guess it depends on the crowd you want to cater for here. I am all for democracy, but in some cases I thinking giving power to the "masses" might not be the best thing to do and having moderators is needed. One thing which might make help is to make moderators actions more visible and make them more accountable. For example, when they are deleting posts, this should be visible which moderator removed it and why. -
[important] New Moderation Rules!! - PLEASE READ
sevensa replied to Soultrader's topic in Announcements and Support
Hi James One potential issue I can see with that, is that will give the people not liking specific posts all the power and the ones who do, no power. Let's take the recent Bluewave thread as an example. There are obviously a couple of people hell bend against indicators and perceive any commercial indicators mentioned as SPAM. This will only take 3 to 5 of them to get posts like that deleted and potentially the poster as well, but what about for example, the 50 others who found the posts useful? Another example would the posts by Urmablume. I have zero respect for that guy and will flag his posts. That will only take a few more people who feels like that which would be enough to get his posts deleted, while there obviously are many other people who found his posts useful. I can see big potential of abuse in a system like that. This is obvious that there are a couple of strong posters here, each with their "disciples" and this will be easy for one group to gang up against another to get those posts removed. This would be a real shame to see the VSA threads disappear because of 3 to 5 people...