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.

Nope, only one new program when NT is started and connected.

If there is then I can't find it, and if so then that means there are 3 apps required for NT to work with IB then.

I don't use e-signal so not sure how it works. I do use NT with Zen-Fire data feed and there is not another application or two others as you state. I use NT to place orders with my broker... You failed to read my first post then, I stated that I did use IB and with NT and do not use them any longer. If this issue no longer exist than that is fine, I only pointed out that it was an issue.

1. If TWS has no connection to the servers then NT has no way to know this or act on it. If NT loses connection to servers then it could act in various ways, one is to try and establish a new connection. TWS might be able to do this as well assuming it is working properly otherwise. To be clear the issue has more to do with the application not working properly than say your internet connection is down. 2. I never said anything to the sort and only commented on client side application. It seems obvious you like IB and TWS? I didn't say I had a problem with TWS. I had issues with the support staff and left for reasons that had nothing to do with data feed. If I was going to try and program an auto strategy then my opinion is one application is better than 2, especially on a windows box. If you are considering using IB with NT then I strongly suggest you visit with NT to make sure you are using the best possible configuration between NT and TWS, including the right versions of both applications...

1) Not sure, I would suggest you check with NT's docs or support staff to be certain. 2) Try to establish a new connection, something it doesn't know to do if TWS stops working. 3) There are probably several ways, I would suggest you check with NT's docs or support staff to be certain.

Where did I say that you could or should? As far as I know most other providers have a direct connection between NT and the providers servers and you don't have to rely upon another application.

In order to automate a strategy with NT and IB, you have to establish a connection between TWS and NT. TWS is connected to IB servers and not NT. With most other data providers NT is connected directly to the data providers and can detect failures directly. When I used TWS with NT there was no way for TWS to alert NT that connection was lost to IB servers.

This is the one area I have to improve on in 2010, looking back over the last 2 years this is the one rule I break way to often and every single time it has done more harm than good. I also want to say that my trading plan has no profit goals, it does have some goals and rewards for sticking to my plan though. I would rather reward myself for sticking to the plan instead of hitting the 100% ROI mark...

I am not sure how you would code this into an automated system, if possible then that shouldn't be a concern then... On the data aggregation, I think you are really splitting hairs there. I wasn't saying it was better or worse than any other provider. I was only trying to explain what I have heard as concerns.. Either way it was never an issue with me and very seldom has a brokers data feed not been good enough for me.

I do this most of the time, once my first profit target is hit I move my stop to the low/high of 2 candles back and continue to move it as new candles complete until I see some reason (resistance) to go ahead and exit or my stop gets hit. In a very fast moving market it is often challenging to keep up with though. I will try to grab an example or two next week when I get back to trading.