hunter1

Short answer is yes. Many advantages if you know where and how to set up offshore. You must be willing to spend from $5000 to $10000 to set things up properly in the correct jurisdictions. Taxes are least of the advantages. Complete protection from lawsuits and government confiscations for example. Possibility of a non U.S. passport

Actually the TTM scapler is useful if you understand how to use it and understand how floor trades scalp. 1. You need 2 chart a long term for trend a fast chart for entry. 2. Understand that scalping is buy the breaks and sell the rallies. 3. A trend is continued new highs or lows in a given direction. UP trend is New high followed by a break followed by a higher high. then a break then a HH etc. Simple way to trade. You get a trend direction on your longer chart then look for a trade into that direction on a fast chart. you are not trying to hit pivot tops and bottoms just catch the break between Higher highs for example. Also trend is in one direction until you get a confirmation of a change. for example a string og HH's followed by a LH is a possible change of direction. Until you get that lower high you are always looking for breaks to go long. Trend is also chart specific. For example a daily chart may be in down trend but a 5 min chart may be in uptrend which is inside the longer daily downtrend.

Thanks zdo . Yes Tams that looks like what i am trying to do. want to have a stoch from the 6765 show on the 2400 in real time. will give the elc/ade a whirl although i am quite sad when coding. thanks for the direction both of you.

I am a bit hopelss at coding. My question is twofold. First is it possible n TS to take an indicator from a longer time frame chart,in this case a 6765 volume chart and show it on a faster chart, in this case a 2400 volume chart? If this is possible could someone please explain how to do it or where might I find the information on how to do it. Thanks in advance.

I could not get this indicator to verify in tradestation or multicharts. I have been unable to figure out what the problem is. Could smeone give me a hand? thanks

Thanks Ammo , writing on Forums is not something that comes natually for me. After iI post there are always things I should have said and didn't or said that didn't come out the way they were intended. The way I learned was first I had a method supported by indicators that work although not without some pain. The better I got with my indicators the better I could anticipate when they were about to give a signa. Then to learn the tape I put up the time and sales on another screen and then played with the filter I then watched it only when it looked like my indicator was about to give a signal. That's when I really began to notice what I had been told for years. Then for fun I suggest 2 time and sales set 1 to filter out all trades above 3 lot the other to filter anything less than 40. You will see something very interesting.

Please some one anyone point out where I said don't use indicators or you can't use indicators. Indicators are fine. It is a fact they lag. I have one indicator that does not lag at all. It correctly calls tops and bottoms at the top and bottom of moves. Problem is it also gives early entries as well which can cost you and is the thing that rips the heart out of new traders. The other thing that rips up traders is late entries. The indicator gives and entry but by the time they are filled the move has ended. These trades can be avoided if one learns to read price action. The simple way is learn to read the tape and watch the way the little guys trade. When they reach a peak over ,400 contracts usually, you will see the smart money come in and gut them. I never said anywhere this is the only way to make money. Yes there are many ways to trade. However if it so easy why are there so few consistent profitable traders. I mean day in and day out year after year in any kind of market. Whoever bragged that you made 10 points on a 500 point dow drop day is way out of line. Having a good day on a huge trend day in meaningless. Anyone with a little guts can pull huge profits out on a day like today. It doesn't mean they won't be bust 6 months from now. Iif you learn to read price you will never go bust. If you learn to read the tape then you will greatly reduce you losing trades. Everyone that ever walked onto the floor on the Merc or CBOT was told the same thing. Learn to buy the breaks and sell the rallies and you will make a great living. Don't and you will be back driving a cab in a year. The point of the thread is to help new traders before they get caught up in looking for the next great indicator or the Holy Grail of trading etc and pay some outfit thousands for something that won't give them the financial security they seek. The way I trade now is very simple. So simple that today my 9 year old home sick from school was calling my trades for me. Yes trading can be so simple a 9 year old can do it with a 5 minute explanation of what I am looking for. I have been trading and supporting my family for a long time and have traded several different methods from candle sticks to MP etc etc. Life didn't get good until I learned to read price action via time and sales.I hope to put some young traders on the easy path early. I am not here to argue or prove my method is better or teach anyone. In fact I would never teach anyone exactly what I do other than the two people I have been trading daily with for years. One last thing I have 5 different traders for hedge fund that I have traded ideas with for years now. The interesting thing about them is that those that trade emini's only try to get 4 to 12 ticks a day and then they stop trading. The one that doesn't trade eminis uses MP and they all read the tape before taking a trade no matter what method or indicator/ indicators they rely on.

Trader 333 yes 1 pt = 4 ticks. that is what i mean. 4 ticks per trade for base unit then let something trail. I use trade station time and sales. Just watched another little guy wipe out before I posted this.

Can you read price? Can you read the tape? Do you make money each and everyday? If not then don't roll your eyes. Indicators lag. Most newbies trade methods like mA crosses stoch nonsense etc. You must be able to read the market in real time and understand what it is telling you. The easiest way to do this is watch the tape and watch the little guys. If you do you will see that time after time after time they come in and then get punished by the smart money. It is a given. So you don't want to trade with them you want to trade with the smart money which is usually against them. A form of tape reading is 1/3 of my trading method. 1/3 is my method for trend. 1/3 is my method for trade zones. Plot the zones then watch the tape. Take the trade. Do that 4 to 6 times and go work out. I scalp for 1 point a trade and run a few trailing contracts with b/e stop. Initial stop is never more than 2 pts and often less. I use 2 charts and that's it. Nice and simple.

In the interest of helping young traders and all traders I shall divulge all you need to know to make money trading the eminis. This is of course a simplification but use this as the basis for your trading methods and you will make all the money you want. Watch the tape. Learn to tell which direction the little guys ie. suckers are going. Watch the 1 ,2 and 3 lots. If the are buying heavy you are looking to sell if they are selling heavy you are looking to buy. That is all you need. If your indicator of choice method etc gives you those trades take them. If its giving you a trade in the direction of the little guys DO NOT TAKE THE TRADE.

Here is an indicator I have come up with to help me see the bid ask and the percentage of each per bar. It uses ticks or min bars since you cant get real b/a data with TS. It runs on the right side of the graph currently. What I am trying to do is make it so it will run as a histogram below the bars on a different subgraph ,save the previous bars so i can visually see the accumulation or distribution and save the percentage read out per bar. I am attaching what I have so far. I hope someone can take it to the next level and will share the impovments.

bearbull I have an old nvidia 6200 dual monitor card I believe. Dint have to change a thing. Plugged in the monitors and off I went. Pair of Samsung 2443. Davem, Yes I got the bigger monitors so I can have all my main charts open at once and my matrix and not have to scroll or click a thing. I can also quickly bring up my long term trend charts when I need to without losing a beat. Since I am a scalper the space lets me see and enter everything without losing time or getting confused while clicking charts.

For what its worth i recently upgraded to 24s and the difference vs smaller monitors even 22s is huge. @4 is the way to go. Also Hannspree(sp) has a 28,actully though 27.2 I think that is priced about the same as good 24s. I didn't buy them because I only buy those with a 3yr warranty. They have a 1 yr.

Thanks Thrunner. I am not sure this will work on the fast time frames I use . I am a scalper and primarily use 1 min 150 tick and 80 tick charts.

Soul trader yes i am trying to find a way to filter or massage the time and sales so I can watch it and trade at the same time. So I was looking for a way to place the information on a chart. I am a scalper looking for 16 ticks a day. My oso is set for 4 with a stop of 5. I recently changed my bars on 1 chart to the blu-ray/ cagle indicator blu ray did for you and that is helping. The t&s really helps because I can see the accumulation and distribution and when the big guys buying or selling comes in at my R and S area's. The problem is by the time I can see it and then turn to my charts to check area and click my limit on the matrix I am often to late. Does all this make sense. I am not sure I can fully explain . Any ideas or help you can offer would be appreciated.

Spyro thank you so much for the offer. Yes, I would like to have that indicator. I have MC as a backup program so I can use the open tick feed.

Is it possible and if so has anyone or could some one code an indicator that shows time and sales?

Thanks Nick. I understand what you are saying and it would be better to get data from the matrix. However for my purposes the bid/ask indicator is providing the information I need. When plotted in histogram it is charting the bid pressure for lack of a better explanation. In line form the indicator provides a bid ask channel. In histogram from you always end up with a yellow Q'tip because ask is on top. The indicator is following the bid and ask however when put in histogram the bid overlaps the ask. I am hoping someone can code the indicator so that this overlap does not occur so i can see the total ask as well as the total bid. I would imagine it would be similar to WalterW's Tick Delta in look. Perhaps someone can apply to the bid/ask the the same or similar changes he made to a volume indicator.

No ,at least the my bid ask indicator doesn't. If it did I would think it would easier to get the bars to display it via color. You can get up and down volume when you click on a bar but what I am looking for is an indicator that will give trades at the ask and trades at the bid.For example , when a long is done a market order will go at the ask and a limit order at the bid. So knowing the up and down volume will not provide the same information and knowing what occured at the bid and the ask.

I have no ability to code so I need to ask for help from some one to modify the bid ask indicator for Trade Station. This is what I am looking to do. Currently when used as a histogram you end up with a blue bar with a yellow Q-tip top. What I would like to see is the totla bid and ask trader per bar. For example using a 200 tick chart you will get a bar showing the totla combined bid ask the traded. I would like to get the bar divided into its component parts. So I could see 500 trades at the ask and 300 at the bid for example. I hope this makes sense . Right now you can tell the bid is coming in as it is happening for long trades but you must wait a bar to see if the bid fell off for short trades. Thanks for any help in advance.

This is an invitation to everyone. Monday Jan 15 for 1 week you can listen to traders live as they take trades and discuss the market as it unfolds. Nothing wil be sold. There will be no teaching just the chance to listen to traders that earn their living trading the ES. You will hear everything they talk about and do during the course of trading. The room is in PalTalk. It is " ES Trading Today". For more information you can go to the following site. http://www.Tradingmentor.net