daedalus

just modify the stock tradestation one and add "LastBarOnChart" to the if then statement... so it would look something like this (in fact, this should work): if High < High[1] and Low > Low[1] and LastBarOnChart then begin Plot1( Close, "IB", red); Alert("IB Pending"); end else NoPlot( 1 ); That should work in radar screen so that if the last bar that closed is an inside bar it should populate the closing price of the asset and alert you. Cheers!

Thanks for keeping the log going. Most traders are too afraid of their own skin to post their daily results for themselves to see, let alone everyone on a forum. Kudos to you sir! Keep at it!

Come join us. http://www.traderslaboratory.com/forums/f208/reading-charts-real-time-6151.html There is more than one way to skin a cat. Or as you might say, train a rat?

he appears to be just trading "price" but let me tell ya something... his entries are friggin SCARY. I mean, hes shooting for a fixed target of 1pt each time in the ES, which is fine and dandy (and i'm sure it helps him keep his high win rate as 1pt is typical fuzz and pop in the ES) but look for example on his last day's example.... 3 wins right? but the last one took at least 3 points of heat before coming back up to his target for a point... is this prudent? is he even using stops? what if it hadn't turned around at all? are you willing to tank your entire account on one trade? Even his trade example video shows a move taking a 5-6pt adverse move before it comes back to his 1pt target. If you want to trade like that you might as well go to the roulette table in vegas. At least there you might be able to find a hooker after you lose all you're money. he says he trades only in simulation (as to avoid any monetary bias for recommending the trade???) Really? Like himself and his band of merry men with their 1 lots are going to push the market in a given direction? maybe if they were chucking 2000 lots at the market. He appears to have no money management in place and in most cases he isn't even getting 1:1 on his trades. I'd be VERY wary.

seems very similar to the Emini Day Trading | Emini Trading System volume indicator - (also free).

very cool. I have been looking for other platforms out there that are easylanguage compatible... didn't even know about this one.

My wishlist would be: Tab-able workspaces (layouts) ala TS/MC. Multiple Desktop support for multiple monitors. Chart "selection" function to stay off when you turn it off rather that turning back on everytime you load a new layout or restart the platform. Ohhh and it would be bitching if Ninjatrader would get off their ass and integrate OEC into their data feed support! (But this isn't OEC's issue).

FreeStockCharts.com - Web's Best Streaming Realtime Stock Charts - Free Free live data for almost anything... Nasdaq Day Trading Simulator - Practice Makes Perfect - Tradingsim.com Market replay for Nasdaq stocks...

So you boys trading CME futures tomorrow or scraping the day due to the holiday?

First i've heard of this (I don't trade the ES anymore) but that is some nutty volume. I wonder what the real story was.

Noooooooo! Don't get me wrong - they are badass cars, great offroad, look great, have great "status" and the interiors are fantastic... But you can't look cool when your on the side of the road waiting for the tow truck to take your lemon back to the dealer. Let me put it this way... on my test drive of a RRS the entire dash died - no tach, speedo, radio, nav, everything went blank. On a demo car with less than 1000 miles? The salesman just couldn't quite recover from that. And I can't say I have heard anything good from people who have owned them down the road. Which sucks because they are such a cool car - but they will END you and run away with your wallet trying to keep it on the road. Might I suggest the Tourag (best bang for the buck secondhand IMO) or Cayenne?

I only got one measly signal today that stalled when I was in it and I bailed with a tick of profit before a fairly tiny pop (but enough to get 2:1).... slow freaking start to the week. Hopefully it picks up. Cheers!

My Last baby... fully built top and bottom, standalone, coilovers, etc...... it has since been sold and i've got my eye on a 996TT for this year. Onwards and upwards!

Did a lot of backtesting over the weekend and decided to start using smaller initial stops. The trades I usually take are pretty good and if they are going to work, they work right away, thus having a larger initial stop is usually not necessary at all. However, when I get caught in a bad setup, I leave too much exposed and get hit for a bigger loss than necessary. So I changed my rule set over the weekend. But like any change to your method the first trade you do with the new rules always seems to come back in your face and put doubt in your mind. Ain't that always the way? So I had two trades this morning, both in the 6E - as you can see I bought the same move basically twice (but on different timeframes and setup logic). My stop was placed at the 50% retracement and was taken out for a -4 tick loss. Had I kept my stops outside the swing low it would've been a winner. However, I got back in on the actual breakout and got +6 out of the move to put me at net +2 - yay. I still reiterate that the smaller stops are a better choice for me personally. Wish there was more to walk away with today, but nothing else developed as per my rules. Hope you all did MUCH better (not hard to do!). Cheers!

I'm about 95% sure they have it on the chart as well.

+1 for OEC. It feels good to have no monthly expenses to trade for the first time in my life.

Keep your chin up Cory! I can't tell you how much money I have lost due to order entry mistakes. Especially back when I was trading spot FX and had to manually type in order prices... I screwed up sooooo many good trades. But I bet next time you're going to triple check the numbers aren't ya? If so, then lesson learned. Its just a part of the game we play every day.

Went a little on the "i'm stupid" scale today and tried to buy inside an obvious wedge and got nailed for my stupidity causing my first down day of the year and first losing trade. Caught +4 (should've been a tad more +6ish) on a great 6B trade but then started thinking like and idiot and took the 6J trade. Oh well, I won't do it again. Reasons to avoid "wedge breaks": - You can't trust the breakout because there are too many layered areas of stops to run, thus as we discussed yesterday the breaks typically aren't not clean and have the ability to fake you out. And yes, i'm dumb enough to get faked out when I know better. Don't be like me kids - you see price wedging you WALK. Off to shovel yet more snow. -40 degree wind chills today through the weekend. I think i'll be staying home

Gabe - I understand what you were saying with the lines. Please note that in my picture the lines with the bubbles attached to them are not to the exact level... (the trade platform wouldn't let me move the anchor point) but they would be at the orange horizontal lines I drew at each stop placement. (1 Tick below that level that is).

While I'm in no ways a trade guru I think some people new to this idea may be "shotgunning" the approach a bit too much and applying the logic to EVERY wiggle in the market. And while this will work to some extent because we are still following the underlying logic of the market it may not be the best way to approach this. Take a second to consider the underlying logic behind what we are attempting to do and what makes this method work. - When we are entering the market the trades that work the best are the trades in which we enter into others failure. Their protective sell stops to lock in profit are getting hit forcing orders into the market that we are taking the other side of... the more sell stops get hit do to an adverse move, the more violent the reaction, and the more money we make. - That being said, the best opportunities are going to be in areas where other traders are going to be trailing their stops. And since they are going to be trailing their stops to pullbacks along the way, we look to enter when the pullbacks become reversals and ride the wave the other direction. Thus, the best opportunities are going to be on swings that have run some distance and have a strong impulse move. - Furthermore, think of the trade in reverse. If the market is downtrending, where would YOU be moving stops to? If you can find that nice pullback that says to you "yup, that's where I would put my protective stop in" then guess what? Others will be doing the same thing. Then all you have to do is wait for their failure (and subsequently your success) to take the market the other direction. - It just seems like a lot of the trades that don't work so well for some people in this thread come from applying the logic to the wrong spot on the chart or the place on the chart where there might be a wiggle of a HL or LH but it wouldn't be convincing enough to make all the other traders out there trail their stops to that point. Its not just WHAT you apply that matters - its WHERE you apply it as well. Take a look at the following example... just todays chart in the 6E on a 233T chart. If you were a trader long in this market where would you be trailing your stops? Its easy to spot the EASY setups when you can wait for them to appear. Wouldn't you rather be waiting to play that textbook LH opportunity? Its when you go looking for stuff, when you start shotgunning the approach at every wiggle on the chart you set yourself up for failure IMHO. Hopefully this rambling tirade makes sense to at least one person out there. Off to shovel more snow! Cheers!

Ok ok ok... i'm a pansy for not "working" more than 10 minutes today but I came, I saw, I took, and i'm walking. Caught two really nice setups on the JY. One ran a bit and I got a great fill for an exit, and the other one I exited right before its final push down and didn't walk away with much. But to be honest... i'm more than happy with my measly 7 ticks. I'm really impressed with the consistency i've finally found in my trades (I'm hitting 6 wins out of 6 trades this year so far). And any day you can walk away with profit is a good day. One other thing i've done (and maybe you guys might consider) is each trade i take i save the image to the hard drive and put it in a folder for all of my trades on a given week. I've found it is a great way to go back and inspect everything your doing and examine those instances where you could've done better or worse on something. And because its visual I find it to be a much better "trading log" than just a excel spreadsheet. Something to consider! Two trades, +5, +2, JY 89T on OEC. Off to shovel more god forsaken snow that won't stop falling! Cheers!

Cleaning out the trading bookshelf. All the books are in EXCELLENT brand new condition except where noted. In some cases, they have never been opened since being purchased. 1. Al Brooks - Reading Price Charts Bar by Bar (Bought off amazon - never opened). 2. Mark Douglas - Trading in the Zone (Read through once, like new). 3. Michael N. Kahn - Technical Analysis Plain and Simple (Brand new never read). 4. Toni Turner - A Beginner's Guide to Short-Term Trading (Brand new never read). 5. Alan S. Farley - The Master Swing Trader (Flipped through once or twice - like new). Prices: 1. Amazon: 47.25+Shipping, Me: 40.00+5.00 USPS Flat Rate Shipping in COTUS. 2. Amazon: 30.00+Shipping, Me: 20.00+5.00 USPS Flat Rate Shipping in COTUS. 3. Amazon: 20.00+Shipping, Me: 12.00+5.00 USPS Flat Rate Shipping in COTUS. 4. Amazon: 12.00+Shipping, Me: 5.00+5.00 USPS Flat Rate Shipping in COTUS. 5. Amazon: 38.00+Shipping, Me: 30.00+5.00 USPS Flat Rate Shipping in COTUS. I have good feedback on this forum and a solid paypal standing. Let me know if you're interested or they are going on fleabay. Cheers!

Did the same thing my first day back this year. Great entries and crap management. Came back today and made up for it. Thats why you've got tomorrow!

Got in this morning, now i'm getting out. Half hour workdays are ok with me I suppose. Did I knock it out of the park? Nope... but I did better than yesterday and managed the trades much better. Nothing huge, but i'll take what I can get. I personally like getting my work done as early and quickly as I can (if the trades are there) and then punching out to sim the rest of the day when I want, or going out and living life. Too many years spent in front of these screens and i'm not getting any younger ya know? Both trades were on the 89t OEC feeds this morning. 14 ticks, 2 winners. Good luck with the rest of the day gents! Remember - there is more to life than charts!

Thales - Just wanted to say thanks for the kind words and positive reinforcement not only for myself, but for everyone in this thread. Secondly, I found your comparison to the ES a bit eye-opening... I traded (and failed mostly) the ES for over two years because thats what my mentor taught me on and I would be jumping off the walls if I made two points (100/per) on a day and heaven forbid I squeaked out 3 points. My results these days in comparison blow my old performance out of the water and I need to keep that in perspective. Ticks are ticks. But as an aside - I look at the ES from time to time and I gotta be honest I hate that market more than anything out there. The moves are congested and tight and backfill is almost a never ending problem. Yet most new futures traders think they HAVE to trade the ES. I used to be under that assumption as well, if for no other reason than to "prove it" to the market and myself. Yet, after we stop acting like egotistical jerks and just go where the easiest opportunity lies (currencies, crude, gold) it just makes life so much easier. [/nonsensical rant] Cheers! *edit* Just saw your first day results cory and that is AWESOME! Great job man!!!