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I have an account with IB, but that;s because stock transactions are usually more then double the price with an euro broker. there are almost no discount brokers here, but it is slowly changing (with IB getting strong presence here etc.)

you're absolutely right. daytrading gives only liquidity. but if you think about it, they also give alot of taxes. think about it. daytrading is basically a zero sum game, except for dividends, and most people lose their money. price appreciation comes solely from dumping shares at the...

i dont have the same experience, on a wednesday, but my pivots mess up on monday if they are auto-generated, because of the sunday after hours trading. best thing do do is go to your daily chart of the ES and use the high low and close to calculate pivots by hand, unless you software gets fixed...

well, if they mean with 0,25% the whole worth of a futures contract, then yes, it's alot. a $5 roundturn is less then 0,01% of a future contract worth $70000 a 0.25% tax will make roundturn 25x more expensive, making it around $125. That would probably kill futures daytrading.

sooo, you're kinda like cramer.. we should do the exact opposite of what you're doing:)

you made a typo?

haha, soo seminars can make you more money then trading heh?:p verdo, 9:30-16:15 is intraday futures

wow, did he give you tips? :eek:

Have you read candlestick charting by steve nison?

hes old.. hes gonna spend his fortunes "saving others" for the rest of his life, even if he loses it all before he dies.. or rather, that's his plan.. it's his money and nobody elses, so he should be able to spend it

it's idiotic why russians are supporting syria. they don't even have oil!!! why spend all that money for nothin

sorry I didn't answer a while ago, answer is i don't have a set-up, just watching charts everyday and hoping to learn set-ups I'm new to this just like you, I'm only 2 months old figuratively:p

btw, thanks for the levels everyday :) just a few questions today do you try to get out of trade break-even fast if market doesn't move your way, a down bar after the first close below your level? example 12:43 also, would you consider 5.75-7.25 as new intermediate level? i watched...

I thought maybe it was just bad stop or bad entry or bad luck that i missed it by a tick? I mean the idea behind my entry wasn't pure luck since you took it also.

just to get a risk reward of 1:2, rest is the same, but yes, 1 contract. didn't wanted to risk to much :eek:

I see, will keep in mind. unfortunately i copied your exact set-up.. stop 1.25 target 2.75, entry 28.75 :(

i see.. one tick from the low of the first bar that crosses the line eh?

did you take the trade at 11:23? How well did it work out for you with your stop?

problem with your idea, it sounds nice, but you need a very refined entry system. with stochastics you down know if they are gonna stay below 30 or above 70, like may 9th to july 14th. Obviously in trending patterns you need a very good risk management system from may 9 to july 14 you had 5...

isn't that like impossible? I thought for every person going long theres a person going short, whether speculator or hedger. that the money you make or lose comes out or goes in of somebody elses pockets basically a zero sum poker game that is highly leveraged