MC

Awesome...thanks for that link.

Awesome input Dogpile. Good point on the YM often picking a direction and sailing with it where the ES seems to let you reflect very briefly and re-assess. The ES tends to roll up or down instead of just tanking or soaring as you scramble if your wrong. I like your concept of YM when your pretty sure of the move to maximize profit potential and the ES when fading or not totally sure. I might have to steal some of that and modify it to use for myself. Question, on the YM I've heard there is less slippage, do you think that's bs? I mean the DOM on the ES is quite deep so that could effect your fills BUT the 4 ticks per point gives you what I see as some wiggle room with more opportunities to exit/enter. Thoughts?

What like selling code for big bucks that TL has for free? (Thank you guys a ton that program those indicators for us:)) I couldn't agree more with the above. I think 10 years is a milestone but by no means do you need 10 years in to be a "pro". In fact I'd say if it takes you 10 years to get the concept of the market you might not be cut out for it and certainly a slow learner. The sooner you learn how to play like the 10+ year "pros" the quicker you might join the ranks as a pro. There can be no time frame as we are all different and learn at different paces. It's been proven that genetics and upbringing play a role in how well some manage risk/reward ratios. I believe it was 60 minutes that did a special on how successful people (not pro gamblers just successful business people) smashed average Joes at the casino on straight gambling with poker for example. Success is more a mindset than a skill it seems. If you can't mimic those brainwaves and emulate success by changing your emotions, odds are against you. Great conversation here guys.

If you want a similar visual I'd run minute based charts and not tick or volume charts. JMHO. Tick and volume charts will differ from the ES to the YM just based on the volume difference alone. Add to that the fact that the YM has really wacky movements sometimes since there are more noob's trading it on emotions. The candles tend to close almost identical to the ES but watch them while forming the candle and they often are very different till the close of that time period. Not to say there isn't noob's trading the ES or pro's playing the YM but the pro money on the ES greatly outweighs the lil guys on the ES. I say pick a time frame for your given style and trading instrument and don't deviate. You will grow familiar with what the volume bars look like for that instrument and understand volume that is abnormal easier.

"Fresh Meat" is what J Carter calls people with below 10 years experience.

Not a bad idea...pull them up side by side and just tinker till you get it where you can spot the same patterns. The issue may be that they really move in close proximity but the volume/ticks are quite different. I normally use a 1 or 5 minute chart and other than the larger volume the patterns and flow look about the same so maybe a tick chart on ES won't work well?

A tick is a tick, keep in mind the ES has many more participants and bigger money going in so 100 ticks will be used up very quickly. Open up to a greater number or ticks and you'll see the range open up.

Even if mentally it won't harm your performance it will eat into your profits. That $hit is so expensive to me it's a waste of money. But if your doing well money wise and want to treat yourself and you like weed I say why not.

I think volume on a hammer would be important to know as well no?

Looks like this guy pulled back to test the top of that box and buyers came in as it was shook down. That shake below the box should have ditched all the weak hands I'd think. Thoughts?

Is that an ebook...could you PM me with a link to find it cause when I google it I get lots of BS sites it seems. I'm interested in VSA, are there any other books you guys would recommend? Thanks

I love the oco order entry on the chart. I look for support and resistance and slam in the order quick and easy. You hold shift and right click at the target and stop price and you're done.

Open E Cry has the best chart ordering bar none IMO. Ninja is not bad on chart ordering but not on the level of OEC. In fact if I wasn't hellbent on using Tradestation when I go live I'd just use OEC as my broker. :o

Thanks for doing that...you made it consolidated and that motivated me to read through. Great stuff Walter and nice work on the pdf gjn.

I voted excellent...I don't understand some of the laddering stuff yet but I can tell if I asked for help your the type that would be willing to help me out. And someday soon I'll probably look more into this and be asking for a hand. You are a great asset to the site IMO.

Most computer builders sell a "downgrade" kit for like $20. It's a cd with Windows xp so you can roll back to windows xp. You would get that via the maker of your computer if you wanted to do it. I support macs and pc's so I know both sides. I LOVE the macs but they are more $ and some software isn't mac compatible. Of course you can run virtualization software like vmware fusion or parallels to run windows on the newer intel macs. I wanted a 17" macbook pro soooo bad but it cost 3x what my HP 17" was. :\

I'm about to format for the 3rd time and go back to xp pro. I bought a notebook the night vista came out with vista on it and within a week went to xp pro. Few weeks later I said, hey maybe the 3rd party software has been patched for vista and went to vista again. Lasted a few weeks before I got sick of issues and went back to xp. Fast forward a few months and back to vista for what reason I don't know. I've been on vista for a few months now and am very near going back to xp for good. :crap::doh:

Nice, very helpful and clear. Thanks

Man you guys are awesome on here.

This site is the most mature I've seen in a long time if not ever. I'm so glad to be part of a group with you guys/gals. You all drop tips and insight daily that remind me how new I am and to keep tuned to yall to better my trading abilities. Great work as traders and as quality people as well.

http://www.safer-networking.org/en/download/ This is free and excellent anti spyware application...I run this when windows starts as a resident program for protection. http://www.lavasoftusa.com/products/ad_aware_free.php This is a 2nd program I run every week or so...also free for spyware removal. Often you need to run a few to catch all the critters.

On Firefox, which I use personally...go to options and then to the content tab. At the top there is a pop-up blocker setup, if thats dosen't fix ya up its probably spyware/adware/malware etc... Mac's are sweet, I have an older powerbook g4 12"...If I could afford a macbook pro I'd run that over my HP notebook anyday. I support mac's at work BTW as well as pc's. I used to do design work and have used macs since 1993. I've built and serviced PC's for a long time too.

I would start at a lowest level and install something like google toolbar or yahoo toolbar, they both are free and offer pop-up blockers. IMO google is the better of the blockers. Also you can enable pop-up blocking in IE as well. You will have to add sites you go to with charts that open on new windows and add them to the allowed list. Hope it helps, if not you probably have spyware/malware like James said. I'll cross that bridge with you if needed, hopefully it's not.

I also see BIDU has bear divergence on near every indicator I use. This should be a blowoff top it seems. So your saying the big spike in volume often is the pros dumping shares to noob's right? And the same is often true on bottoms, Noob's last ditch surge with the EOD eaten up by the pros cranking the volume up. Any certain volume amounts you like to see to show a climax based on the O/S? Great insight, thanks.

Not to find comfort in others misery but I got roasted in that exact same signal on paper today. I'd take the trade again any other day but next time I must not average down and have my hard stops in. In for 1 at 064, in for the 2nd at 059 cause I was "sure" I was right. In for a 3rd at 047 on a prayer. Out 1 at 043 and then out the other 2 at 041. Here's the kicker...I was up $300 on 2 car lots with 100% accuracy today. I was doing very well till then. I gave back $220 of my paper profit from being stubborn and not having hard stops on that move. :crap: I'm interested in the feedback here too...E-slap me around guys. I understand I'm only on paper but every time I lapse like this it delays me funding my account to go live. I have the signals and just need some final tweaks to my discipline.