Recent content by zorrotrader

Attached is a 15min view of the NQ from the past week. From this view todays early price action looks more like a retracement of a trend that started yesterday. the retracement ended with a reversal at resistance formed from last Thursday's price action.

Retracement of what? Maybe "A" is a reversal of a trend and "B" is a continuation of the new trend. It seems to me that when considering strategy one must define retracement, reversal and continuation. Is there a difference between a retracement and a continuation? Does a retracement begin...

Jack, I appreciate your post and your generous comments. After your reply to my post i really was beginning to think that my grob109 comprehension was becoming top shelf. But then i open your attached document. WOW I've got a sheet of butcher paper on my desk today with almost the exact...

grob, Nice attachment. That is a very nice afternoon for a beginner, even a beginner who is sharing the button pushing duties. I have annotated my 5min and 1min charts. I have tried to correlate your button pushing with numerous ideas you have presented here and elsewhere the past 12...

First i want to say thank you to everyone that took the time to respond or PM to my comments regarding my trading. I have found the comments to be helpful and have caused me to reexamine my trading process and thought process. The brutally honest comments have been very helpful - I have to...

Thanks for the comments. I have read comments before about the fear of success. I don't deny that the problem could be fear of success. I have labeled it fear of failure partly based upon experiences in other areas of my life. I'm certain you have a point that I haven't identified the...

I seem to be stuck in a trading rut - I seem to be a perpetual breakeven trader. I have good days and they are usually followed up with bad days. The good days are not good enough or often enough because far too often I hesitate on my trades (probably fear of failure). There also seems to be...

Current e-mini symbols are: SP 500 /ESC2 NDX /NQC2 The month symbols for minis are: march C june I sept P dec T

I just transferred an IRA to IB. The way it worked was I filled out the online paperwork and opened the account. Then you go to the account access page and there should be a link to initiate the ACAT. Was quite simple and only took 3-4 days to be completed.

I appreciate all your efforts on this board. I can understand how the exchanges may be getting short changed by some abuse of these definitions and there is quite a jump in fees for listed market data for the professional trader vs. the non-professional. Referring to the definition...

I found some information at the nsye Market Data Services web site: http://www.nysedata.com/index.htm The following is copied from their site regarding the definition of a non-professional. IB is clearly interrupting the definition differently than all other data vendors i have worked with...

I recently switched to IB and i am very happy except for the market data fees. I am now being told that because my account is organized as a corporation that I am considered a professional and must pay higher market data fees - $20 for nasdaq and $128 for listed vs. $10 for non-professional...

smikkey there is nothing wrong with a basement trading floor :) . i'm curious how many prop firms offer remote trading for experienced traders that may not have the on site option available. for some of us the life/family situation that allows us to pursue trading can also restrict our mobility.

I am currently trading through a Redi broker and primarily trade QQQ for scalp/intraday swing moves. I am trading relatively small share size as i develop my consistency. I am very disciplined about stops and my system gives adequate opportunities to make profitable trades - why i don't take...