Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
MC
-
Content Count
540 -
Joined
-
Last visited
Everything posted by MC
-
Super bump. I'll have to try that code out. Thanks for sharing.
-
Been awhile since I posted here. I'm hoping to find a local dealer and snag some Silver after the fall from grace. Anybody in the Buffalo NY area with suggestions on dealers?
-
Thanks fellas. I'm all cash and holding out for my expansion of knowledge in options. I was considering buying the pullback as mentioned but I didn't like the VIX spike. Probably going to be a big mistake...just like my buying DDM at the March lows and being shook out a day or 2 before the rally began. 8( LOL
-
Thanks for the link...really good info and well organized on the site. It confirmed that I have a fairly good grasp on option basics and with a little more paper trading I should be ready to go live in my IRA. It goes without saying I think, that a stop/exit plan is set before putting on a trade and executed when triggered, no questions asked. Having been in the market for going on 4 years I understand the basics and mechanics of a trading plan. Fully embracing the risk took awhile to accept, but I'm there now. I'm getting better but my main issues are timing of entry and choosing an expiration date. I would also like a better understanding on greeks but math isn't my strong suit, to say the least. I may stick to a few key greeks since thusfar I've only confused the issue trying to learn how they all work together. LOL Thanks again.
-
Hola. I'm new to options...considering selling puts here because VIX is jacking premiums up there. Wondering if anybody has feedback for me? Any thoughts on using the VIX and high premiums to sell puts fellas? I'm looking at the SPY July $105's netting $5 per share premium. I see congruent fib support at $102 which could hold, or maybe even roll down the contracts if need be worst case. This will be in my IRA so it's a long term account...and even if forced to buy I could knock $5 off my cost basis right off the bat. Also VIX is at a level where it may retrace a bit. HRMMM.
-
Blast from the past. Fixing a buddies Gateway that shuts off once heated up. Hope the canned air works, I really don't feel like gutting this and swapping the heatpipe. UGGGGG Yours still working well BF?
-
Ok. If this coil can't break into the next channel zone above it look out below. We have macd (trend) and a custom stoch (momentum) both showing divergence. When both are aligned the move tends to be powerful. We are also at a fib 121% extension which at minimum suggests a retracement ahead. Place your bets if you're aggressive, or let the breakdown begin if you're a more cautious trader/investor. We could be looking at a 800-900ish point retracement based on the broken resistance that never tested as support. GL and play smart.
-
Man I'm still tweaking the software but Investor/RT is a powerhouse! The profiling capabilities are killer and it's so easy to just drag a box and voila, you have a profile! Who else here is a "VALUE" based trader, using market structure?
-
Ninja dosen't support Transact for a data feed though right? That's who I get my futures data through. Chad...thanks again. Man that is some powerful software!!!
-
Thanks a bunch. I'm unemployed and not yet profitable so I can't afford R/T but I def plan to become a customer asap. The MP and Vol Profile capabilities are stellar. I mean...who can argue with those charts? Just what I was looking for. Added--- I may be pushing my luck but is there a way to keep that composite profile and show the bear rally without effecting the composite? I want to see how the rally interacted with MP and volume profile. I can't wait to find work and be able to finally afford a real tool like R/T. Does that make sense...Set a composite date range and have more recent data just mingle in the profile but not be accounted for or reflected in the merge. Chad...Is there any way to get MP with EOD data or just the RT full price package? I'm grasping at straws badly here.
-
Not a bad suggestion. I have done that in the past. Lemme try one now. I guess I could have said what market too huh? That was pretty dumb on my part to not say what the chart should be of. LOL ES is what I'm most interested in. Any thoughts from you guys about the Naz...it's kickin some ass and the other indices are lagging. Tech to the moon?
-
I am currently unemployed like half of America. I cannot afford MP software and was hoping someone could post a composite MP and/or volume profile chart for the time period of 9/19/2008 - 3/9/2009. I can sort of visualize the bellcurve without MP but would like a more definite look as only MP can provide. The volume profile would be great since I can't really visualize that from a raw chart. If you have any other time period you think gives a better view of the bellcurve I'm all ears as well. Thanks fellas, MC Added--- Has anything cheaper come to the market for MP? I really want to be able to run MP on select date ranges that co-incide with the waves of the market.
-
At first glance the risk/reward looks way off on that initial stop. But to clarify...the runners take care of the rest correct? A few runners could make your month if your trailing stop method lets you milk the bulk of the big moves.
-
I was wondering the same thing. I know there was mention of the ability to manage position sizing much better with stocks. But fees and taxes would eat a big chunk of profit on stock trading. If one has the risk capital to trade futures it seems to be the best vehicle. No?
-
The bold answers my question. Thanks for elaborating on your style. My use of the term "market excess" refers to a period where say the weekly chart has a long wick at an important level created with big volume, showing hidden buying/selling pressure. Dialing in to daily or 60 minute you would likely see a double top and/or a failed (lower volume) test. Excess meaning there was volume expended with limited or no price action advance. That wick price segment would in theory then become a supply zone/resistance (or demand zone/support) because there are trapped holders. I think this term is more fitting to longer timeframes though. Daytrading really is more about momentum, not hidden selling etc... Perhaps that's my biggest issue is using a TA style that's not well suited to daytrading. HRMMM Your use of price action alone is something I want to try. I tend to use volume looking for "excess" and it has admittedly clouded my reads at times. Price action pays not volume or indicators. Again, thanks for the generous info you've shared on TL.
-
thalestrader... How do you look at "wicks" or tails on candles/bars in terms of breakouts? Do you require that market excess be cleared before declaring a breakout? Do you even factor the tails in or do you consider it just noise? Thanks MC
-
Awesome thread. Thanks guys. I always was frustrated on how to look for active plays early on. This is just what I needed.
-
That red level would push us to fill the long wick on that wild candle down. That's market excess and there's lots of pain/supply to be found in that dead cat bounce area. If we hit mid 9000's and show rejection on the tighter timeframes (daily, 60 min) I'll be unloading some more of my 401k into stable value funds as planned. That's the area I could foresee capping this rally. If we pierce into that red supply zone I could see investing but with a trade style stop. Once inside that range we MUST hold or I would run to the hills as they say. Though all in all I think one is nuts to buy long into all this supply. Bulls either bought awhile ago or they should wait and pray for supply to prove broken and buy new found support. The support would be the top of the red zone and should be confluent with the bottom line of the downward sloping channel. Simple as that IMO. I'm not saying longs can't squeak more $ out of the rally, just that the upside to downside risk is still rather bearish at this point. -------- This weekly chart shows the Point of Control being tested already. The green arrow is upside potential (assuming the supply range holds) and the red arrow is the downside potential (assuming the green support levels don't hold). Range bound is ok to make moves in, but either use the range extremes for entry and stops or employ some scaling method using the extreme levels as stops. Or use range breaks to enter of course...breakouts are a very sound way of trading. In range the market is said to be "in balance", and when balance is disrupted it tends to move to the next level of "balance" for testing. Enjoy!
-
Better than nothing but not market profile in reality. It's a volume profile...not scalable that easily. It's not linked to the chart so while you can expand or shrink the profile it still just dosen't match the chart in my experience. I have had lag issues with my TOS charting lately and am looking at going to sierra or ensign again to get full profile charting. Anyone else had issues with TOS data as of the last few months?
-
Pretty bullish on the 60 minute chart. Gapped right back into that rising channel and above the prior high. Passed a lil pullback test even. Bigger picture though...we will be encountering HUGE supply in this zone. It's a damn big zone so be sure you know how to play the game if your looking to go in longer term. From R1 to R2 resistance you're looking at almost 1500 points. R1 isn't something you want to short at and just average down on all the way up. If R1 breaks RUN and look to short at R2. This could be one of the times where averaging down leads to margin calls and wipes traders out. This also would potentially propel the market upwards towards R2. We do have a minor trendline and the shorter MA's acting as support below. I would not anticipate R2 testing without some kind of consolidation building or an insane squeeze. This rally has been a bit too vertical for my liking. It's pretty emotional based on the slope. Think about it, if there were a deep correction would it hold? NOT LIKELY. It's vertical with uber tight pullbacks for a reason, and it's not because the market is all the sudden bullish with all that resistance looming overhead. HRMMM.
-
-
ISTJ Thanks for the link. MY RESULTS... Your Type is ISTJ Strength of the preferences % Introverted 56 Sensing 1 Thinking 38 Judging 67 ISTJ type description by D.Keirsey ISTJ Identify Your Career with Jung Career Indicator™ ISTJ type description by J. Butt and M.M. Heiss Qualitative analysis of your type formula You are: * moderately expressed introvert * slightly expressed sensing personality * moderately expressed thinking personality * distinctively expressed judging personality
-
I love these experiments. Especially like this one suggested...it's not an ego thing and it's like a realistic journey a newbie could use at motivation. I say run with it. I'll be watching it unfold.
-
I was just jokin...I was sure you tried em. It's just logical. Some peoples eyes don't let the lens sit right, I'm fortunate I guess and they fit perfect.
-
There has been a major development folks...they are called contact lenses. I realize some with astigmatism and other issues may have complications or not be able to wear contacts but for the majority they are great. I've worn contacts since about 1990 myself. I hate how glasses feel and how you have no peripheral vision. I'm very happy I can wear them all day with no discomfort and dump the glasses. I too thought about lasik but like you guys am not secure in doing that to my eyes. Too scary to think of the stop loss on that. Good luck
