strtedat22

The "In a nutshell" example sums up the way price action IMHO should be used. I enjoy life more than ever just watching tape along with a 250 tick chart.

Head2k, Youre on the right track with tape reading. people say its hard to get or its a load of crap. Im not tell you what i look for cause its my edge in the market. One nugget that i will leave you with that i found very useful during my tape reading adventure. look at a time period whether it be the first or the last hour. look at patterns in your given time frame and dissect them. Youre on your way grasshopper and goodluck. strtedat22

Spot on Sledge...I couldnt of said it any better.

After the fact is BS to me. Show me real time. Why so many indicators? Give me a TICK chart,Tape, and DOM and ill be just fine

RH, Swing is fine if its fits your personalit. IMO you dont need the time and sales window for for entries/exits. You should use volume based bars instead of min charts for swing trades. Vol bars chow nice smooth trends. You can buy and sell previous swing highs/lows all day. Youll only get 2 or 3 solid trades from it each day but theyre high probability trades strtedat22

RH, I intra-day swing trade (30 mins-1 or 2 hours) and scalp at the same time in the same trend. Time and sales is the only thing i use for timing my entry/exits. I place my orders on the DOM. What type of trader are you? IMO, If youre looking at swing trading for months at a time, time and sales would be useless. You might as well look at charts to see whats going on :missy: strtedat22 YM is what i trade.

BF, Thanks for clarifying that for me. From my own experience and im sure for alot of other beginners getting started in the realm of trading felt a feeling of anxiety from the get go. I didnt want to lose money while learning the game. I paper traded futures until i could control my anxiety/emotions/greed/fears. Dont get me wrong. I still do lose money but i dont lose my cool strtedat22

correct me if im wrong here BF. Its better to control your emotions in paper trading than in live trading. strtedat22

Blowfish, I disagree with the last sentence. If a noob is "commited" to making trading he/shes occupation. He/she needs to have a healthy fear/anxiety in the first stages of paper trading. This gives him/her sometime to control those fears/anxieties without using real money. I did and it helped me tremendously. If i know how to control it in paper trading i can control it when i go live. Obviously everybody is different. I needed to make everything as real as possible so i fooled myself into thinking my paper account was my real account. Using only 1 contract at a time i could feel the rush of making a trade. This is obviously done after i have my strategy in place For all beggining traders out there treat paper accounts as if they are real accounts. Thats the only way youre gonna learn without losing "real" money. Use it as a educational tool to prepare yourself for the real world. strtedat22

I found this post on "Re: Edge VS Mentality" interesting and have nominated it accordingly for "Topic Of The Month August, 2008"

Its 100% mental. The individual is the "EDGE". He/She can control one self day in and day out. If you blowup, its your own fault. Its not mom, dad, strategy, system, everything west of the mississippi. Get it together each morning and take what the market gives you If i can control myself then i can control my good/bad habits in my trading life. strtedat22

Pull up a time and sales window and filter only the 10+ contract. "It's your job to find the whales beneath these minnows that are in real control of the underlying trend." -anonymous Dont worry about the scalpers. jump in when the big boys get in. Look for handles, daily pivots, and previous days OHLC's. strtedat22

I found them online. I trade out in the lovely city of San Antonio. I was told they are prop. They have a large network in the US and a couple abroad. Anybody have any experience with them? They preach tech analysis. strtedat22

Do a search for what youre looking for and youll find it. TL is littered with what youre looking for. strtedat22

lets say its the high of the day. on the YM DOM you see 150-200 contracts on the ask. 60,15,10 gets lifted from the amount on the DOM. But there is a sudden rise after those offers . One wouldnt consider it bluffing correct? strtedat22

Tell me more about the spreads that take place on the DOM? How can someone benefit from the spread? I see them showup on the T&S but i dont find any signifigance in them. strtdat22

Its not only the best way but the only way for me. Time and Sales and DOM have been a life saver when taking my trades. GTG

Greetings, How can the small players (like myself) front run larger contracts? Is there level2 for the mini YM i dont know about strtedat22

Thanks for the useful indicator HLM. Do you have the TTM Bollinger Squeeze and the TTM Paint bar source code as well. That would greatly appreciated. Strtedat22

Greetings, Did the market move today (5/29/2008) because of the jobless claims report today? Thanks, strtedat22

Does anyone have the TTM squeeze, TTM trend, and TTM scalper language for sierra charts? Thanks, strtedat22

How can someone front run large contracts when theres no level 2 for the YM? or is there one?

It looks better in real time. unfortunately this situation takes place in a matter or seconds strtedat22

market delta blows. i wanted to see within those green and red columns. T&S is all you need. Rec the market and review it after hours to find support and resistance. Add a chart and pivot points if things dont add up at first strtedat22

I wish i had level 2 for the YM. I would be ahead of the learning curve strtedat22 PS. im with OEC and using sierra charts. is there a third party that offers level 2 for the YM?