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Fibtrader
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TradersLaboratory.com
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Woodland Park
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United States
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Male
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Fibtrader started following if you had to start over..., Stops Yes or No?, E Mini Watch Pro Am Indicator and and 3 others
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I have all of the eminiwatch indicators and they work very well. I trade with them every day. It takes just a little bit of practice to learn how to use them but I think they are one of the best indicator packages I have. The whole package of emini watch indicators runs around 900.00 to 1000.00, its a bargain. Barry has put in a lot of time and effort into the software, I wouldn't think of giving away his software. We need to keep people like this in business. If you can't afford the whole package I would recommend as a start: better momentum pro am better volume ( available free) sinewave
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I have all of the eminiwatch indicators and they work very well. I trade with them every day. It takes just a little bit of practice to learn how to use them but I think they are one of the best indicator packages I have. The whole package of emini watch indicators runs around 900.00 to 1000.00, its a bargain. Barry has put in a lot of time and effort into the software, I wouldn't think of giving away his software. We need to keep people like this in business. If you can't afford the whole package I would recommend as a start: better momentum pro am better volume ( available free) sinewave Remember you must practice with the sim before trading real time. Review the videos on the site. Always stay with the trend, let somebody else find the reversal point. If I can get Camtasia to work with Vista I might post some videos.
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Hello Here is the best way to take a trade: Lets say we want to short corn at a resistance value of 594 2/8. Once price hits 594 2/8, WAIT DON'T SHORT IT. Let price go down and then wait for the retrace / test back to 594 3.8 or a little higher. If it doesn't retrace and the trade runs away from you let it go, it's a missed trade. BE PATIENT, trade with the sim until you get the hang of it. Fibtrader
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When using the BetterVolume indicator in TS and tracking Forex, set the Forex symbol to Tick Count not Trade Volume. The BetterVolume indicator will work with this setting. Forex does not report actual volume.
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No I'm not. I've been trading futures for about five years. I have seen a lot of systems, indicators, etc that don't work. When I find something that works well I like to let other traders know about it. Its up to them to decide. I don't know what execution platform you are using, but if you are trying to scalp without an automated platform, you'll get your butt handed to you. I use Tradestation for charting and only place intraday swing trades with their platform. All other trades are done with automation. You might want to try either Ninjatrader or Infinity, they work well. I just like the service at Trademaven. Ninjareader will let you use their platform for free with a sim account, no time limit. If you have Tradestation there are a couple of "ELD's" that are provided by Ninjatrader that will power the platform with real time data. This will allow you to use the Ninjatrader charting and the simulator in real time. The end result is to learn the platform and how to program it to execute the trades with automated stops etc. Hope this helps. FibT
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TradeMaven is one of the best programs for practice and actual trades. They have an excellent replay which will allow you to practice on past data. The first month is 1.00 after that I believe you can use their software for 49.00/mo. They also have a sim mode that uses real time data for the current day. This will allow you to place trades in real time in a simulated account. Strategies can also be programmed into the software. Their service is excellent, (they answer the phone within 2-3 rings). They are also a clearing house for trading. The training videos are excellent as is the manual. Every experience I have had with them has been positive. You can also open an account with as little as 2000.00, although I would recommend more. An under capitalized account is a sure way to lose money. They also offer MarketProfile as an add on. If you sign on with them try some of their free online seminars. Can't go wrong for for a buck.
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Blowfish No the eld's are included with the NT download. On my computer they are in the following directory: C:\Program Files\NinjaTrader 6\bin\AutoTrade FibT
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I use the Ninjatrader version for MP. NT has a couple of Tradestation strategy eld's that can be installed on a 1 min chart for each unit you are trading. The 1 min chart will also power a tick chart in NT. Works very well. Trademaven also has an MP addition for their charts. For execution software Trademaven is one of the best. They answer the phone 24 hrs a day, hard to find with other platforms. Excellent videos and manual. FibT
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Darth Here is what I would do. I can almost gurantee you will blow out a 5,000 account. Trading with one contract will not net enough profit to make up for the stop losses. You should not risk more then 2% to 3% of the account on any trade. A 5,000 account will only allow a stop loss of $100.00 to $150.00 for the entire trade (if two contracts, $50.00 - $75.00 per contract). The market will hit those stops frequently resulting in losses that could have been avoided if the account was funded properly. A 2% to 3% stop loss on a $20,000 account allows a $400 - $600 stop loss. The end result is more contracts being traded. With two or more contracts you will make more money in less time (eliminating the time exposure factor). You won't be able to swing trade a $5000 account, too much time exposure and not enough of a stop loss. NEVER... risk more then 2% to 3% of your account no matter how large it is. I speak from experience, having blown out my account before I got smart. If you want to trade a $5000 account get the free simulator from http://www.NinjaTrader.com This will force you to take trades in real time so you can't cheat . Don't risk real money until you can trade "funny" money profitably. The simulator will track all of your trades in its account manager. Make sure you set up the simulator account with $5000. I think it comes set up for a $ 20,000 account. Trade the simulator account exactly as you would a real account. Make sure you set hard stops to keep your losses small, pick a target to get out at and let the market take you out not your emotions. Remember if you are afraid to lose you will never win in the market. If you use Tradestation I would recommend the Market Profiler available on this website. Some platforms offer MarketProfile (eSignal), Tradestation does not, unless you have this add on. The one on this website works very well. I won't trade without it. Good Trading Fibtrader