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Ranger, Dax is a very volatile market, margin is at 6400 euro at IB. Not exactly a market for someone who just started and is asking that type of questions. If you place limit stops there is no guarantee that your orders will trigger anyway, especially when dax really starts to move. If you...

In BT you can trade sim and live at the same time, just place your order in sim mode change to real mode and place your order should be no difference unless you are scalping for some ticks.

If you follow two correlated markets try to take note which of two is stronger and take long trades in the stronger market, short weaker one. At times one market will be leading and you can use it to your advantage. For different markets you will need more charts opened at the same time or just...

Thanks for your post and a nice chart. Can you specify what you consider as choppy hours in ER2 market?

I use Amibroker with IB as a data feed (api) and backfill. It works ok for real time charting. Real time version costs $ 229, EOD is $149.

Amibroker - you can create your own indicators just by dragging with a mouse or two clicks of a mouse. One time cost is $149.

Are you using volume in your system? Check out this site http://www.chartpattern.com/

TruthSeeker247, You have two qualities many traders don't have. You are not scared to take risk despite taking big losses and you are persistent in trying to reach your goals, you are not a quitter. Listen to good advice you are getting on this forum, try to preserve your capital and don't...

Awesome. My dream workstation.

How reliable? It's collected directly from IB and I trust IB data for my live trading. How reliable it is for backtesting I can't say but I really don't know that much about backtesting. Note that scmagic data is mostly used for backfill for sierra charts. I use their data for backfill and I...

For daily quotes http://www.downloadquotes.com/en/ for intraday http://www.scmagic.org/English/Index.htm

Brian Thanks for posting, nice post. Hopefully everyone will stick to the subject. We are here to share personal experiences about Woodie's CCI system (not to judge Woodie's life)

If you read Dennis's blog, he has great doubt that Woodie really has made the donation. Dennis did. ________________________________________________________________ I don,t read blogs, have no time. I have been to Woodie's chatroom and I have my own opinion about trading using CCI. It's up...

Quote from MrsSavant: Who is Woodie? Isn't CCI a momentum indicator? What is magical about this? There are many other indicators that are better than that piece. Electric does not use indicators, as he thinks they are distracting, he does not even use charts. Is this the same Woodie...

utter rubbish "If you are a retail futures trader your only edge is trend. " ______________________________________________________ You have a right to voice your opinion. If your edge makes money for you than I am pleased. Have a nice day

If you are a retail futures trader your only edge is trend. Any market, any time frame. Don't waste time trying to learn how to spot a trend on your chart because when you spot it and decide to act it's too late (especially in real time trading).

Yes. You can start with $2000 but don't day trade futures. Swing trade slow moving stocks while learning. IB is a good broker to be with and as a client you can open paper trading account and test day trading futures and stocks.

Great posts by NihabaAshi and Samson. There is nothing wrong with Woodie system, the method is explained in detail, chatroom is free. Just compare it with some black box systems offered on the web. I like the CCI and I use it as one of my confirming indicators.

If you use IB you can try Zero Line Trader front end for automatic order placement. It will place market orders received from your charting software. It can be done if you have some programming skills. You can try it in ZLT in simulation mode and when ready try it on your IB paper account.

I am :confused: This thread is about trading secrets. Ten points in the first post are about commonly known guidelines. Every trader knows about those rules yet 95% are not profitable. What are the secrets of profitable trading?