brownsfan019

Yeah, you could do the same thing in the Open ECry software as well, but not sure it's worth the time to configure it...

Travis - no idea how to do this on TS, but I will say this - you are going to get ticked out on that first stop movement alone, you mind as well take it all off at +5 or +8. +5 on the YM and moving stop to BE is just asking for a tiny, tiny wiggle to take you out of the trade. I can tell this is an extremely defensive, "I do not want to lose" strategy. And IMO will be a loser over time.

Wow, we finally agree on something FS. You have to find what works for you to the above poster. There is a TON of info right here on TL. Now what YOU have to do is spend time reading and studying. In other words, THIS JOB REQUIRES TIME AND EFFORT ON YOUR END FOR IT TO WORK.

But to answer your question - I voted no from a pure daytrading standpoint. As far as the day-to-day moves are concerned, I only want to see the chart. It's cliche, but I agree w/ the statement that the chart tells you everything you need to know. Now, on a longer term perspective, which I will define as investing, I do consider fundies. I do not believe there is a 'long term trader'. I think by definition a trader is one that actively trades. Once you call yourself a long term trader, I believe that is synonymous with a trade gone wrong and now you have turned into an investor.

fire - good stuff, but that's a lot to read in one sitting. Give us some breathing time, ok?

Travis - what has your research shown on using this combination? Does it make money over the long run? What drawdowns can you expect?

Hey, we have a funky buddha in Cleveland!

I'm not the techie here by any means, but what I've learned w/ computers: 1) Get the max ram you can put in the machine (might be better off doing this yourself AFTER you purchase the laptop and get the good stuff). 2) Make sure the video card is top notch (this could be what the above post is referring to). I underestimated the importance of the video card in a laptop that I bought for casual use. It has more RAM and better processor than my trading laptop, but I would never want to trade off of it as the trading platforms can get the bottleneck where things freeze or take longer to update b/c so much is going over the video card at once. I would actually suggest making one online at HP or somewhere and that way you can ensure you get what you want inside the machine. My trading laptop is a compaq and I just custom built it online. Very easy and I know it has good stuff inside.

After you copy and paste the youtube web address, highlight all of it and click: Should look like this: And end result:

Is this music or soft core porn? To say the this 'artist' (if you can even justify that) 'pretty much sound the same' is an understatement. I clicked around to see what else this 'artist' has done and it's clearly techno w/ hot chicks everywhere. Safe to say that mong and I have slightly different tastes in music.

Hello old thread! :o Found this little gem via the search function. TWO NEW SONGS FOR YOUR ENJOYMENT: Disturbed - Inside The Fire VIEWER DISCRETION IS ADVISED Tantric - Down and Out Not the official video, but I could not find it on youtube anywhere, even Tantric's main page.

Like I said, piker accounts need not apply for a free sim account. I don't know why you want to keep bringing this up FS, but you seem to enjoy the fact that I point out time and time again that you must obviously be trading a whole $5,000 dollars in your account and can't qualify for a free sim account. But hell, if you want to keep bringing it up, I'll be more than happy to point out what a piker you are.

Big surprise, I mention OEC and here comes FS. Yes, you can try to beat the system and create multiple accounts. And yes, if you trade size (aka no piker accounts) you just might be able to get that sim account for free. No surprise here, but FS has no idea what I am talking about.

Well said gsx. In addition to using stockcharts.com, you can get a monthly platform from OpenECry. There is a trial period after which there is a small monthly fee for the platform AND data. Note - this is only good for futures.

As the resident Candlestick guy, I'll tell you that just finding a shape and calling it a reason to trade is exactly why candlestick analysis does not work for some. B/c that's a completely inaccurate way of using them. :doh: Candlestick analysis is not play find a shape even though the majority here who think they know something about them do just that. Context. That's all there is to it. Back to your regularly scheduled program from DB and boys.

And to piggyback on what Hlm said, if you do use indicator(s), make sure to find ones that are dis-similar in what they are representing to you. In other words, you do not want or need to almost identical oscillators. Bollinger on Bollinger Bands talks about that in his book actually. I realize, like hlm, that most consider indicators to be voo-doo or lagging, or whatever you want to call it, but they can be an aid to a trader looking for that one little vote of confidence. The biggest concern you have to have when using any indicator is what does it look like when it fails (usually trend day or range day) and how will you shut it down when this happens.

It'd be so nice wouldn't it - find an indicator that you can program that just cranks out 1 pt a trade like no tomorrow. You have a choice here: 1) Keep searching for this and spend a great deal of time and money 2) Spend that same time learning how to trade for yourself Your money, your time, your decision.

Follow up - should I just go w/ CS3 since it's the most recent?

David - IMO, the game that goes on between your ears is the toughest game of all in the markets. How many times have you 'gotten you too early' or 'got out too late' or 'missed a trade b/c I didn't like it', etc. etc. That's all mind games. And the hardest part of all in trading IMO. I think you nailed it on the head. Yes, how you trade is important, but it means nothing if your mind is not in the game and ready. This 'game' we play requires an immense amount of focus and determination. This 'game' we participate in will punish you severely for lack of focus or mindset. This 'game' does not allow you to casually take a day off and be ok the next day.

zeon, A few observations if I may: 1) The markets change, we know this. You do have to adapt whether that's an overhaul or minor changes. Personally, I am always tweaking something, no matter how minute. 2) With regards to the candle plays at S/R, they still work (and well) but ultimately it depends on how you define your S/R. As you know well, what you see as a level, others may not. 3) I agree that finding one way of trading and doing it the rest of your life would be very hard b/c, as stated above, markets change. They change and will continue to change. So the question is - do I revamp when I hit a drawdown or do I work with that I have? If you made money with your method, I would try to figure WHY you made money when you DID and what CHANGED. Did YOU change or did the MARKETS? And how did either/both change? It's not as easy as saying the volatility changed. The markets are volatile at different times for different reasons in differing degrees. My view would be if you were making money on your hammer/inv hammer method, work with that. Of course, you know I am biased towards candlestick analysis. But you proved that it could make money. You just needed to work with it and tweak it. There's so many questions I could ask about your previous system... How did you define S/R? What timeframe(s) were you trading on? What other confirmations, if any, did you receive before entering? Why just hammers/shooting stars? How long did you trade it live? How long did you backtest it? Where did your S/R come from? why? etc etc etc Just changing a few item(s) could turn that into a profitable system. Forgive my saying so - but changing 100% when you hit a drawdown is a very amateur move. I did not mean for that to be degrading, so please do not interrupt that way. My point is that every trader goes through drawdowns, even the guys referenced in this very thread. Even DB. We all have drawdowns and rough times. The key is whether you work with what you have or jump ship trying to find the next grail. Maybe you found a system that works in a certain market environment and only that environment. Once you can diagnose what that environment is and how to spot it going forward, you have system A ready to go. Now it's work on system B. There's no rule that says you can ONLY have 1 system to trade from and ONLY that system. For example, I have two systems that I rely on currently - one for a trending market and one for a range-bound market. Once the type of market is identified, I switch on the appropriate system. Of course, there are plenty of times when I am wrong in my initial diagnosis of the market movement. But I also know that over time, I will be right approx 80% of the time and when I am, I capitalize on it. Good luck zeon and feel free to stop back over in the CC and we can discuss candlesticks.

Not bad Neo! Welcome aboard the CC Train.

Thanks guys!! Keep the suggestions coming.

So I think I want to finally learn how to use photoshop... Question is - where do I begin? Anyone have any videos or websites they recommend for a complete noob to go to? Books will NOT work for me. I am visual. Need to see it to learn it. I'm open to any ideas, so throw 'em out if you got 'em.

nice :rofl: