brownsfan019

Here's another one that formed today Walter: The key for me here is to see OBVIOUS Support/Resistance and then consider a play until it fails. And it WILL fail sooner or later.

BF - not sure if AMP is a white label of OEC. Very well could be. Ninja is nice as well. Paying the extra fees for the Ninja/Zen combo just wasn't worth it to me once I settled into OEC.

And another from today Walter: 3 Min ES chart from 2-27-08 AM session

DTN data will work as well with Ninja.

Does it not seem odd that your very first post is to promote a website on a thread that was dead? I do not understand how threads that are more than dead just magically appear with a new post from a new member to a new website... I'm sure it's just an odd coincidence.

One follow up (not sure if this matters or not) - all trading rigs are hard wired into the router, but I do need a reliable wireless connection as well. Wireless being used on non-trading computers after hours.

I can imagine. I've read about these before. When we move again, I am going to be doing a little more research on the internet options available in locations before deciding. I didn't think that far in advance when we bought this place.

Does it matter that I only have a cable connection? Would I be paying for something that would not be used? My backup is a Verizon wireless card. I know, not the greatest but for my current home location, it's what is available.

I may be changing out a few things here on the computers and thought now is a as good a time as any to look at a new router. Since we have some handy tech members on the forum, looking for ideas on a strong, stable router that can easily handle trading app's. I currently have a netgear that works fine but I read this post on ET that talked about older routers being capped out. Not sure if that is 100% accurate or not, but if it is, I should consider a new one. In that thread, someone mentioned this site that reviews routers so I was glancing at that as well for some ideas. I'm looking for the best router out there that can handle speed and push the data through ASAP. Please list your recommendations here! Thanks!

In the example I posted above, if you waited for a test of the old resistance/new support level, you'd be up a nice little profit currently. Entry: approx 1371 Current: 1378 Idea being using obvious support/resistance zones for reasons to look for trade - either on the break OR level being held and then use whatever you use to time your entries. Here, good old candlesticks gave us at least 3 opportunities to get long.

Another idea Walter that kind of piggybacks on yours is to use simple support/resistance areas. For example - as price breaks a level, look for a reason to either go with the break or anticipate a false break. Here's an example from today: Here you can see an obvious box from the open till about 10:50am. And then blast off on the 10:51 candle that breaks the zone like it wasn't there. As the saying goes - old resistance becomes new support.

Good thread 404. In my experience, it really comes down to what your goals are. For example, if you want to trade OPM (other people's money), you'll almost certainly want a formal setup. If you just want to trade friends/family, there are ways to structure that as well. The key is finding good, competent advisers. Make no mistake, just b/c you see CPA or Lawyer, etc. after a person's name does NOT mean they are a good resource for building your biz. You need someone that has experience in this field, as you've seen on green's site. This could become a great thread IF a qualified person (such as from Green) could visit and chime in. I'm sure James would be ok with a person from a reputable firm offering their advice here. Just remember there is no one size fits all and a qualified professional in this field may not be the local account or attorney. This is very much a niche market.

http://www.traderslaboratory.com/forums/blog.php?u=8353

Hey OEC users - I am wrapping up my review/suggestion log shortly, so if there's anything else you'd like to see, please list here. I am going to go through this thread again before sending. While something you suggest may not be implement instantly, that does not mean your request is falling on deaf ears. Sometimes it's a programming issue. I've requested a number of things that sound good to everyone but require some serious programming that takes time to implement. Other things are rather simple and can get implemented much quicker. Thanks!

I agree BF. Currently OEC offers a 'delayed' static dom where the dom does stay centered but only recenters every few seconds vs. constantly static. I guess that's there way of getting around this issue.

Just b/c your ONE suggestion was not immediately implemented does not mean OEC does not listen. A new update was installed today and a few things I have provided to them have been implemented. So far, I have seen: 1) Snap mode on lines 2) Text on lines (custom and value display) 3) Weekly pivots 4) Monthly pivots That's what I saw just glancing through the update that came through today. So, yes, OEC does in fact listen. Perhaps your request was the ONLY one asking for this; therefore, the level of importance is one customer. If other customers are requesting features, majority will win most of the time.

ines - should there be any files in the Unisfair 2007 folder? Or perhaps those are coming?

Thanks for sharing.

:rofl: :o

I appreciate it BF. This should really belong in a new thread b/c it's a great tool to watch.

Interesting BF - can you provide some info to substantiate this? You got my curiosity now. Also, silly question - what exactly are you referring to as the 'floor pivot'. I think I know, but some clarification would be good so we are on the same page.

And of course the next question is - what levels do you use and why? Use them all and your chart will look like a mess of horizontal lines everywhere. If you put enough lines on your chart, some will look like they nailed the HOD or LOD. Some will just get in your way. And the follow up question: are static, fixed lines that are based on YESTERDAY'S price action good for determining TODAY'S price action? Food for thought.

Another way to take the idea is to trade on simulator many more contracts than you normally would. Try to act as if it's real money and see if you can handle the situation. Then, when you trade your normal size, it should feel a tad easier. It's a similar mentality to a workout idea - do a few reps at a very heavy weight and then set your weight to where you want it to be for the actual set. In theory, the normal weight may feel lighter than usual b/c you just lifted a heavy load. Same premise here - 'lift' a heavy load and then go to your normal load when it counts.

Can it be done? Of course! Will it be easy? Of course NOT. The premise sounds good now it's a matter of testing in real-time and see how it goes. Feel free to start a new thread or continue in this one about what/how you are using your ideas. Good luck!

David, Nice examples, thanks for sharing. My 2 cents on this type of trading: 1) It can work and be very profitable. 2) It takes TIME to get it down however. 3) Drawing those S/R lines in REAL TIME can be challenging. 4) Exits are key to whether you have profitable or failing trades. The biggest issue is where to exit on these type of trades. Do you simply wait for a reversal or MIT an order at/near the next level or take a fixed profit? Depending on what you choose, that can be the difference between a profitable trade and a loser. You also posted this in the candlestick corner, so I would mention that using your S/R lines in conjunction with candlestick patterns that confirm an area is being defended is a great combination! Good luck and keep the thread going!