rcossey73

If you can consistently make 1 point per day (4 ticks for ES) then there is no reason why you can't make 10 points a day. So if I can make 10 points a day then why would I need to sell my service to you, either in the form of some course or trading room? Wouldn't it be easier for me to just trade? There are very few legit "services" out there. You would be much further ahead to find some like minded traders and form your own group to learn together. There is more than enough information on these forums for free to get you over the hump and on your way to trading for a living. I am a strong believer that it takes 10000+ hours to be a professional at anything. Doctors, lawyers, commercial pilots, etc... Yes there are exceptions to everything and some people just have a special gift, but for the rest of us it doesn't come easy. This is also the reason why most fail at this business, they are just not prepared or interested in putting in the time to learn. Instead of paying for a service why not just spend a few months watching charts. No indicators, only price, volume and possibly T&S (although I wouldn't). Spend one week watching ES on 15 mins and then next week watch 5mins and then maybe 1min. Then switch to something like CL... Just clear your head and watch, I think you will be really surprised what you discover after 3-4 months.

It seems this is the only thread that isn't getting hit with spam...

http://www.traderslaboratory.com/forums/f208/reading-charts-real-time-6151.html Just read that from start to finish.

I have it pre-ordered and will probably be the only game I purchase this year. It looks like it will be an amazing game.

I will try to join in, although my margin requirements are too high at my current broker for the $3000 limit. Let me see if one of my old accounts is still open or find a place to open up an account at. It might take me a few days/weeks to get setup but I will be joining.

Currently not actively trading just watching ES, 6E, 6J. I had an awesome 2008 trading ETF's (2 and 3x leveraged) and YM,ES. Thought I was superman. It was mostly luck! I thought I had found something that worked really well with RSI and MACD. Then 2009 started out as a disaster and kept getting worse so around the end of May I quit trading. In Oct. I made the decision to start from scratch and try this again, but this time around I am taking a much slower approach and not using any indicators. I have mostly been reading and watching charts when I can. I will add that I have (still do) been swing trading stocks and index etf's since the mid '90's but mostly in retirement accounts. The average hold time is 45days.

Actually that post is what got me to thinking I was looking at things wrong. Maybe wrong isn't the right word, but not the same way as others here that seem to be more successful at trading like this than I am.

This is an obvious problem for me, I would have put the stop just above "My 2" and never considered the top of the upmove. I would not have traded that if my stop had to be placed up there. I think you opened my eyes up to an obvious problem I have and I need to try to look at the bigger picture a lot more. I tend to only focus on the current picture. I think this is because I always traded on 233 tick charts, without much success. I recently moved to 5 mins and things have improved for sure, but I hardly ever zoom out or look at the longer time frame. I struggle to look at 15 min candles as I keep thinking I am missing something or that I will be too late :doh: Thank you very much for taking time to break it down...

I think you just nailed it with this next part of your reply: I would have went short there for sure and felt like it was a good trade. I think I need to get a better understanding of the "abc" to see if it helps. After a losing trade I will often look back at why I took the trade and discover that it was actually a correction from a different degree, although I still have trouble figuring out which degree it was from sometimes. Thanks for the great reply and I will be watching for the continuation.

I always struggled to see Vic 123's, I borrowed this chart from his book to illustrate where I go wrong most of the time. The black arrows are there to point out his 1,2 and 3 as they are a little hard to spot. The blue arrows point out what I would have seen in real time and probably traded. Its hard to explain why, but for me I have difficulty spotting these during the day. They always look so obvious after the fact though. Although I have followed this thread from the beginning I have not tried hard to learn from it :crap: So I am going back and starting over from the beginning, hopefully I will catch back up before too long.

I really hadn't any difference in image quality until I did the experiment from Kiwi and open the same images up next to each other and I Chrome does look a little better. Anyways, so far so good for me Chrome is working out well. I also hope they make changes to allow you to open files without having to download them first. I would think this is not a big deal as the browser is just passing the process over to the OS and to another application.

I still have FF 3.5 so maybe an upgrade may make a difference. I had some issues with FF not playing nice with another app which is what made me go check out chrome again. So far I like the Chrome interface, I don't think there is enough difference with FF to make me prefer one over the other. I guess I am one of those dummies as I keep my interface as basic as possible. I only care that it plays nice with the sites I visit and apps I run. So far so good. One good thing is that FF has improved a lot more lately, there for a whole (ver2) it got very stagnant...

I switched to Google Chrome, it has come a long ways in a short time. Much faster than FF or IE without any tweaking required. Version 4 now supports extensions and appears to be the exact same support as Firefox.

Took my a little while to dig this up, but I mostly built my original plan based on this. It has changed over time though as I no longer trade stocks/options. Trader Business Plan.pdf

There is nothing to code, as NT can already detect this failure with Zen-fire and many other feeds/connections. The thing to determine (possibly code) based on your strategy is what you need to happen once it detects the failed connection. The whole point is making sure NT does detect the failure so you can act upon it. The more applications in the middle the harder this may be. Although you state this is no longer an issue with NT, it was at one point so it is important to make sure you are using the recommended versions of each application.