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Everything posted by MC
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BF...I bet it has conflicts with some of the crappy bundled software pc's ship with nowadays. I did a fresh install with no laptop "bundled" garbage and had no issues at all. That's my thought anyhow.
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Oh you have a laptop or micro desktop pc? That should be much less power draw then. A big 17" laptop uses a 90-120 watt ac adapter so draw is less than that.
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A typical PC draws about 300-400 watts. So it's like like leaving 4 lamps run with 100 watt bulbs. It's not going to break the bank. A side benefit would be leaving it running reduces the jolt of power you get on initial startup which is rumored to reduce component wear inside.
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I would shut it down personally for power consumption reasons as well as security. Be sure to have a startup password for windows. By outside supply do you mean a UPS? If so I would say 100% get one. A nice model is the BR1500 from APC. It's reasonable and will give you the most juice you can get out of a standard household style receptacle. It should give you enough time for a computer shutdown in an emergency and better yet it will clean up and regulate the voltage. If you have spikes OR dips this unit does AVR and will deliver your comp clean 120v power. I think I owe you an apology, you pm'ed me and I forgot I said I would respond and got lost in my scatterbrain. Any other questions drop em in here and I'll be sure to read the thread updates since I'm subscribed now.
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Thanks guys...I'll look into them. I've seen them before but am not in a position to pay the full price yet. Any reccomendations on data providers?
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I left Tradestation and man am I gonna miss this indicator. Has this been coded for any other platforms that someone could share the code for? I'm still undecided on what platform and broker I will use and this may help me decide. Thanks
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Tradestation: The good, the bad or the ugly?
MC replied to timokrates's topic in Brokers and Data Feeds
http://tradersbase.com/video/flash.html I'm not so sure that's the issue, maybe an added issue to many? My fill recorded on the url above...I had a horrible fill and the cursor was no where near the matrix at time of execution. :crap: -
Since you use Infinity AT is there a reason you don't use Sierra chart for $44 a month. The data would be free from Infinity right? I guess they do more TPO and not full market profile? I've looked at this several times but just am not ready for the leverage and am between brokers right now. I'm probably going with Think or swim for stocks and the hope is I'll have enough in the near future to open an Infinity account as well for futures only. Thanks again
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Thanks James...I'm learning alot from the MP video and these posts. Now I just need to get a market profile platform and feed. Added--- Question, so today we had a buying and selling tail. The buying tail has 3 compared to the 2 on the selling tail, does that mean anything? Also is there a decent MP provider for a cheaper price compared to Esignal you might recommend?
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Notice the red vertical lines where the monthly ATR (Average True Range) breaks upwards, this measures volatility. Volatility is caused by what...EMOTION and PANIC. This is where the pro's are in control and they scare and whipsaw you till you're rich or broke (usually broke). In this high ATR range, fortunes can be made or lost quickly due to the jerky, exaggerated movements of the market. If you're not experienced it's probably best to sit out and start in calmer waters or just paper trade. This is why they say you don't know $hit till you've made it through a bear (high volatility) market. Low ATR bull markets are easy to trade and most anybody can make money or at least lose minimally in those conditions. This recent action will eat most people up. Let me preface this by saying THE MARKET IS NOT ALWAYS LOGICAL. Now you can see the "logical" thing is for them to test the area where this volatility started. The blue horizontal lines indicate the price level where this high ATR began. The Y2K bear tested that level 4 times and held. THIS markets action we see the blue line is also holding up at this point. This is a monthly chart so the last candle is still open for a few more days but IMO it should close above that level. We also see the fib retracement...the 38.2% was bounced off which is a healthy retracement level assuming it holds. This is why I'm not overly bearish at this point. I think with the "easy button" (as I call it) the amateur traders today can cause the panic faster than ever. Look at the rocket ATR did on this drop. I have to think the pros got the prices they wanted and will support the levels I've posted on the other chart prior (10,760ish). Again I think this because they won't trash the market while still in it and IMO they are very much still in it. Using auction mentality AND the 50% fib retracement (10,760ish), that is kind of the point of no return IMO. That breaks and all hell breaks loose since those long term green positions of many years turn to red. This would be fine if big money wasn't still in the market, they don't care about retail investors. I think they have holdings at stake, this is really the $5 trillion dollar question. Has the news has crippled your ability to think for yourself? It has for many traders and general population that don't know better. Follow the news if you want to be mislead and get the inside track AFTER it's happened. NOW the job numbers are up, hrmmm kind of makes you curious, no? I'm not saying I'm pro by any means, just that I know enough now to not listen to the hype. If anything use it as a BS meter to know when the market might need to be faded. Now onto what "may" happen next. Anything is possible, but I expect some chop and probably some further tests of the 38.2% fib and blue line. MAYBE as low as that 50% fib line, though it would be risky for big money to let that happen. If that 50% retracement breaks I would RUN and hide from the market till the dust settles. Either scenario...dust settling to me will be something like the pink trend line where we get a breakout above of the downtrend WITH a breakdown of the ATR. Bull markets don't happen on high volatility, so when we get a lower ATR the bulls can come back out to play. Below is also a volume by price chart I did on 1/24. Pretty much jives with the above monthly chart.
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Son of a gun...never noticed that there in the year I've used the software. It's very basic but for most it would probably suffice. Cool stuff thanks.
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Snagit is just screen capture utility. It's the best out there IMO but it doesn't capture video.
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"This offer is no longer available" This is what they say on the key link. I was going to give the same info but saw that the offer is now off the table.
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I just had a light bulb moment today...as a noob I know I should NOT be trading this type of monthly ATR. :rofl: http://www.traderslaboratory.com/forums/f18/mcs-house-of-mirrors-2553.html I made a lengthy post about the volatility this month has shown. Don't get me wrong, those that know how to trade are making a KILLING in this insanity. For the rest that don't have discipline or experience it's a gamble at best IMO.
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Notice the red vertical lines where the monthly ATR (Average True Range) breaks upwards, this measures volatility. Volatility is caused by what...EMOTION and PANIC. This is where the pro's are in control and they scare and whipsaw you till you're rich or broke (usually broke). In this high ATR range, fortunes can be made or lost quickly due to the jerky, exaggerated movements of the market. If you're not experienced it's probably best to sit out and start in calmer waters or just paper trade. This is why they say you don't know $hit till you've made it through a bear (high volatility) market. Low ATR bull markets are easy to trade and most anybody can make money or at least lose minimally in those conditions. This recent action will eat most people up. Let me preface this by saying THE MARKET IS NOT ALWAYS LOGICAL. Now you can see the "logical" thing is for them to test the area where this volatility started. The blue horizontal lines indicate the price level where this high ATR began. The Y2K bear tested that level 4 times and held. THIS markets action we see the blue line is also holding up at this point. This is a monthly chart so the last candle is still open for a few more days but IMO it should close above that level. We also see the fib retracement...the 38.2% was bounced off which is a healthy retracement level assuming it holds. This is why I'm not overly bearish at this point. I think with the "easy button" (as I call it) the amateur traders today can cause the panic faster than ever. Look at the rocket ATR did on this drop. I have to think the pros got the prices they wanted and will support the levels I've posted on the other chart prior (10,760ish). Again I think this because they won't trash the market while still in it and IMO they are very much still in it. Using auction mentality AND the 50% fib retracement (10,760ish), that is kind of the point of no return IMO. That breaks and all hell breaks loose since those long term green positions of many years turn to red. This would be fine if big money wasn't still in the market, they don't care about retail investors. I think they have holdings at stake, this is really the $5 trillion dollar question. Has the news has crippled your ability to think for yourself? It has for many traders and general population that don't know better. Follow the news if you want to be mislead and get the inside track AFTER it's happened. It's fact...did you realize after I said we should bounce...and we bounced...then and only then did the news come out with positive hints. NOW the job numbers are up, hrmmm kind of makes you curious, no? I'm not saying I'm pro by any means, just that I know enough now to not listen to the hype. If anything use it as a BS meter to know when the market might need to be faded. Now onto what "may" happen next. Anything is possible, but I expect some chop and probably some further tests of the 38.2% fib and blue line. MAYBE as low as that 50% fib line, though it would be risky for big money to let that happen. If that 50% retracement breaks I would RUN and hide from the market till the dust settles. Either scenario...dust settling to me will be something like the pink trend line where we get a breakout above of the downtrend WITH a breakdown of the ATR. Bull markets don't happen on high volatility, so when we get a lower ATR the bulls can come back out to play. Hope it helps.
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Best indicator is your mind. This is the true holy grail and until this is developed into a trading machine all indicators will have you on a goose chase. It's easy to find indicator crosses and even easy to develop a "system". The hard part is in getting your mind to follow every signal and trust the system when your stop is a few ticks from being hit. I know this as fact...still working on getting there myself though.
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Nobody played UA? I posted UA on several sites and only 1 guy bought in. Not me since I'm between brokers either. Hope somebody made money on this puppy.
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Tradestation: The good, the bad or the ugly?
MC replied to timokrates's topic in Brokers and Data Feeds
They offered me the same thing. :o 3 more months of slippage...no thanks. I was well over 10 per month so the platform was free for me also but the slippage cost me more than the software would. Good luck with Infinity...I'm going with Think Or Swim for now with their platform and intend to open an AT account also to use their dom ladder, leverage and great executions along with TOS. -
Tradestation: The good, the bad or the ugly?
MC replied to timokrates's topic in Brokers and Data Feeds
Not that I like to see others have slippage but I'm glad someone else brought this up...I was getting annoyed thinking they only sucked for me. I've had 7 point YM slippage several times off 8 second stop market fills, just unacceptable! What broker are you going with now? -
Fear of losing unbooked profit due to greed and perfectionism...
MC replied to MC's topic in Trading Psychology
That was very clear and helpful James. Luckily I don't chase, and I don't emotionalize hard stops. What I do is panic at the fear of giving back paper profit and have issues letting the runners do their thing. As a rookie I would have been very profitable in 07 if I didn't have this mental tick. I may actually just move back to scalping since I was profitable at that and try to tame the emotions with stocks or a non leveraged instrument with less to lose. Swing trading has the potential to create alot of money for me so I feel I have to learn to tame these feelings. Hell if not for the money for my own satisfaction. I have 70 stock trades and 55 future trades live so it's no wonder I haven't worked out the kinks yet. I need to keep reminding myself being only a year in and with limited trades I'm at least in the average group if not much higher up on the totem pole. I'm undercapped too...I have $5k so futures are like all my eggs in one basket which exasperates my emotional tick. I'm dialing in though...this should be a profitable year for me...I'm confident of that. Thanks for the input. -
Under Armor...18 mil of a 30 mil float traded hands in a tight price range. That's grade A accumulation. Of course we know this due to the price being so low...we saw the opposite action with the same 18 mil traded at a high price back in November. They distributed in the $60's and bought back "on sale" in the upper $20's...now that's how you make SICK value plays.
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OMFG. WOW. Just wow.
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That's pretty much inline with what a decent residential connection should be getting. You probably find around dinner time or later in the day it's slower and if so that would be due to the shared pipeline thing. People get home from school/work and hop on zapping your bandwith. If so be happy you get most the pipeline to yourself during trading hours.
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http://www.bandwidthplace.com/ http://reviews.cnet.com/7004-7254_7-0.html Try to run these report/tests. Let's see what your connection is giving you.
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This is a good way to rule out the router as the speed thief. Your cable provider may grab your "mac address" which is like a serial number of your network card and if you get no connection when you try this you need to call them and have them reset the mac address they have you set at. If your wired and your router is a decent brand (and it is) I'd have to say your connection is the culprit. If you live in an area where lots of people have cable modems your all on the same pipeline. So that could be the issue and if so there is no resolution short of getting a T1 or dedicated line.