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the first response hasn't really solved it:/ and can you be more specific about the gomi? Can't find it. A direct link would be greatly appreciated, thanks! // ahhh ok, this is it? ahh, the forum requires me to become an equal ELITE member and pay $50 a year for the forum membership!!! Can somebody please upload it somewhere?? Thanks! It looks promising

Hello and thanks for looking, I am planning to start trading based on Market Profiles VALUE AREAs. I basically just need to see what the Value Area low and Value Area high is for the previous day and then base my enter/exit based on where the market opens the next day. My problem is that a good TPO Chart for Ninja Trader costs $249 which is a little bit too pricy for me for just testing http://www.fin-alg.com/index.php/products/53-tpochart I found a plugin called dValueaArea for Ninja Trader for free. http://www.greattradingsystems.com/Dvalue+Area+1-ninjatraderindicator However, it gives me slightly different values than what my friend gets on his TPO Chart from FinAlg. For example what he gets are these: Value Area 3/6: VAHigh 1345.00 VA Low: 1340.00 POC: 1341.00 What I get is: Value Area 3/6: VAHigh 1346.00 VA Low: 1340.75 POC: 1341.00 They are slight different, unfortunately, and even one tick makes a big difference. Would anybody know how to set the dValuearea plugin so that I get the same values? Here are screenshots of available settings: http://imageshack.us/photo/my-images/844/dvaluesettings2.jpg/ http://imageshack.us/photo/my-images/834/dvaluesettings1.jpg/ this is what it looks like: http://img191.imageshack.us/img191/4297/dvalue.jpg thanks for the help!

what about e minis in commodities? Even the Emini S&p 500, 0.25 index points there is like $12.50... how can $3000 not be enough then? and there are more "cheap" e minis like that... I don't see why I wouldn't be able to trade those with such capital. Probably much cheaper than most stocks. Setting SLs on about $150 a trade.. and there are many more minis than just the S&P... I can focus on a few of the cheapest ones. Well Where would you suggest to get a good mentor? there are so many offering online, some of them are not even affordable how expensive they are (I just watched the Wallstreet Warriors (Tim Sykes offers some lessons online)... but there are so many more I am not saying I am not planning to put a lot of work in it... read a lot, paper trade, then eventually start with real money. What is wrong more specifically with the strategies that I posted? Would be great to have some insight. Also I was thinking now of just doing position trading, and not day trading.

well how do I know if that trader is really that good? I mean it's always good to have more opinions and he is somewhere else now where I am. Considering that he is managing basically millions of dollars (not only stocks) and I am talking about not even 3k. Yeah I am planning to follow that strategy, but I am also afraid that it is going to stop working one day (maybe soon?) so already now I am loking for something that would keep me even busier. Another strategy that I could try, maybe really something that would work for me for position trading, where the requierements aren't that huge. Also, yes, I can talk to those two mentors, but they only talk to me about the specific strategy for commodities, which I only know quite well, now it is mainly about puting in the patience and sit and watch the graphs for hours/day. Example trade from commodities: Imageshack - 10271445us500.jpg

I'd rather get paid individually for my efforts and not based on an hourly pay that an employer gives me. Well so where would I find good resources for weekly/monthly in and exit strategies? So that I could start working on the psychologic aspects, be disciplined and eventually make it somewhere? If you're saying that daytrading doesn't have sense for me.

damn, so that makes it basically impossible... what abou trading on the NASDAQ then?

Hi everybody, first of all, I am fascinated by the world of trading. I see a lot of potential there. I've never been the kind of person who would think that a 9-5 job is the way to live well. I would like to ask for advice on how to become successful. I am part of a little commodities trading group, where two succesfull mentors are teaching their strategy. It seems to be a great working strategy, but the problem is that the specific occasion occurs only 2-4 a week. (it is a special kind of bar, specific point on the CCI, eventually the MACD). It is very difficult to be watching the graphs for several hours a day and wait for it to occur only 2x a week and thus makes it actually quite difficult. I would like something that I can do more actively, rather than be the hunter who waits for his prey for hours/days. Also, I understand that the commodities market can be riskier for a beginner. (even though I only try to start with eminis). I am also curious to start with stocks now. I talked to a good trader who recommended me that I could start with two things,1. look at the stocks in let's say NASDAQ that do the best or the worst in the first 4 minutes after the market opens. They should gain or lose at least 4%, then either buy or sell them and hold them for a few hours. Do this with 2-3 stocks. 2. use a slow stochastic (80 and 20), 3 MAs (20, 50, 200) and based on those enter trades. If the stochastic is over 80 then sell, if under 20 then buy. Also based on the 20 and 50 MAs to cross and follow the trend by the 200 one. Does any of this have sense? would anyone improve that? Where do I find good live stocks chart data for free to start with? How do I find a working strategy for myself in the neverending amount of information that there is out there? I plan to start with approx. 2000-3000 USD. Thanks for the help.