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Thanks for the chart They - could you expand on what you see in that chart apart from the POC being the support level. Is that the 20 day poc based on 30 min RTH bars?

Remember to change your contracts tomorrow before trading. H becomes M Volume switches from H to M just before the open so at around 09:25 EST.

After further analysis I've come to the conclusion that tick charts are as good as volume charts and act as a good proxy for them. This is not my theoretical conclusion (which remains that tick charts can be manipulated) but my observation from collecting empirical data. It also makes sense from...

In Trade Like a Hedge Fun, James Altucher's very first technique is The Bread and Butter Trade - Playing Gaps I quote the start of his chapter: "The gap trade is the bread and butter trade for many day traders and hedge funds. Many day traders only play gaps. They wander into the day trading...

Well if you break that down further an assume that you trade 18 days per month that's an average profit of 1.54 points per day. Assume that you execute an average of 2 trades per day and the commission on that is 0.2 points (i.e. 0.1 point commission on each trade) then you need to gross 1.74...

A web site called Collective2 (www.collective2.com - i think) was recently brought to my attention which gets around the cheating problem of posting trades in real time. You post your limit/market order to the site and they have real time prices which monitor your trade and record it. This site...

Thanks oktiri. I watched CNBC once and that was enough.

Does anybody know if a trader here on ET has proven his/her earnings? I believe that this could be done and still preserve the identity and actual earnings of the trader. If the trader gives his/her broker permission then the broker could release % gains made by that trader and identify...

For us not watching US televesion: Please explain the Cramer thing....

Many thanks for the constructive comments and criticism in this thread. Nononsense: I've linked directly back to one of your comments from the original article to give readers your perspective which I think is valuable. I've written a follow up called How long will it take to turn $5,000 into...

That's a very good point and one of the assumptions in the article that I haven't explicitly addressed. The longer you trade and the more trades that you execute the higher the probability of experiencing a long series of losses. I did a quick calculation and it shows that a series of 47 losses...

Dan, I agree with you and from what I've read, the often quoted figure of 90 to 95% of those accounts being blown-out I would bet is an accurate figure. The smaller the starting account size the more likely it is to blow out. This is compounded by the fact that (I am guessing here) there are...

This is what appeared on their site index when I looked at it: Segmentation Fault Group Speaking little and making very. hey admin, forgives, more is here for disturbing. [ We Are ] S4P0 - Creative_Mx - Xsupr3mo [ Contact ] irc.GigaChat.net Channel #SegFault...

Has their site been hacked? http://www.traderdna.com/site_index.html

I read about this about a year ago and looked at their site while they were still developing this stuff. It looks impressive and I believe that it will help you identify your short comings and areas which are working for you. You can also build your own "trader DNA" system by just using an...

Did you trade any of those days? If so, how did you do?

The Federal Open Market Committee (FOMC) consensus forecast is for a rise in the interest rates from 2.25% to 2.5%. Meeting starts today and rate change (if any) will be announced tomorrow at 14:15 EST.

Does anybody know if James F. Dalton (Mind over Markets) has a web site? And if so, what is the URL. I notice that Eric T. Jones and Robert B. Dalton co-wrote the book with him. I assume that Robert is a relation of his and I've heard that Eric's son runs the cisco MP web site. Does...

Do you profitably trade with MP and pivots?

One trader focusses on the ES and bonds and the other on ER2.