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you are right half and half IMO. i was thinking that too, but, whats the use in feeding IB with comm, when you can papertrade it instead. i run my chart, my TWS/autotrader, but instead of hitting the bid/ask, i just note it on paper. its the same effect IMO, the learning effect is even greater...

@profitseer, i cant say something generally on BB, but for my method on trading 1min NQ/ES with the setting on 13,2 it has some value. it depends on whether you have an overall up- or downtrend. if you have a downtrend (like friday last hour) and the upper band is penetrated, its often the...

@sunnyskies, for the NQ you would have get the following signals: buy on 15:13, 15:31 and 15:50 sell on 15:00, 15:25 and 15:42

@sunnyskies, my method in progress would have generated on friday for the ES on 1min between 15:00 and 16:00... 2 buy-signals on 15:32 (even better on 15:34) and 15:50 and 2 sell-signals, on 15:25 and 15:42 ...as i said before, its based on reversals + penetration of bollingerbands...

by the way, here is someone just around the corner who did that thing.... http://www.elitetrader.com/vb/showthread.php?threadid=8160

as i see it by now, there is a critical discretionary element involved. lets say you're looking for 1 point NQ on a reversal from down to up. you have 3 expanded 1min bars on high volume to the downside. then it stops. you must concentrate and try to buy what seem to be a low ask (and that...

a little patience, as i said, im working on that. in the moment i see something around 5-10 trades in the frist + last hour, not more. its based on short term reversal + momentum + penetration of the BB. the hit rate must be about 80%. the execution is with autotrader, that is, you automatically...

MACD, im looking forward to your book :) i am really a newbie, but if you call that a "scalp", what would you call a trade in the 1min NQ with a target of 1.0 and a stop on 1.5... ? im working on that in the moment by observation. in the moment i use BB with 13,2 and 8SMA on 1 min NQ. show...

dizzy, you can either 1) run sierra charts with the quotes you subscribe on IB. in that case, you have to run the TWS all day long to get all quotes for sierra. the quotes that entered the sierra software are stored. 2) you can add a separate data feed from mytrack. thats what i did...

hey JT, just great. seems, you are a true scalper with that average holding period of 2-3 min...great results. if you can keep up that level day by day, youve already made it...tell me a bit more regarding your entry and how you generate your signals... :) trading

...or this "Trading truisms are lies. If it were possible to implement, "Buy low, sell high" or, "Cut your losses and let your profits run" in any meaningful way, then more people would be making money."

...or this "There may well be a grand, cosmic harmony behind market motion, but all the technical market analysts put together are not grand enough or cosmic enough to understand it, much less trade it profitably."

i like the saying here http://www.defendercapital.com/Futures/axioms.html for example "Any technical or fundamental indicator that generates good signals less than 80% of the time is unreliable and therefore useless as a standalone trading system. Most technical indicators generate...

@DT-waw you dont have to open a account ! its easy. i did it myself yesterday. mytrack offers quotes for sierra charts, called "silver plan" its $20 for the feed + $25 for sierra charts + $10 for eminis + $8 for eurex + ? what you like 1. you have to download the mytrack software. then...

too high risk/reward IMO...try this: take "autotrader" or something like this. make the follwing settings for 1min NQ : 1.5 pt stop, 1.0 pt target (limit order)...then scalp your way...must have fast fingers :) trading

hi helen, what package do you have with mytrack ? i guess, i will take it also, just as a backup. i like the look of the sierra charts very much, that green bars on black ground, that has something :)

you are sure right, but i am flying a paraglider, not a concorde.. :) what i did not get is: i have to trade on the snap quotes from the TWS, but my real execution goes with the real globex data ? if i enter on a ask that the TWS shows me and the real globex data is a different ask at that...

hello all, ive just started to use the chartsoftware from sierracharts + the plain datafeed from the TWS/IB...its amazing...IF you are just trading 2-3 markets and are connected to the internet the whole day in any case, you can realy have a nice charting down to 1min based on the TWS...

hey torntech, here is a quote from trend fader from the bronks-thread i like to put in here: ------------------------------------- "What is it that separates successful traders from unsuccessful? " --- There usually is always 2 types of traders. Trader #1 has high % winners.. but...

it goes: "ich wurde mit einem stein im schuh geboren..." means: i was borne with a stone in my shoe... the best non-sense quote i ever found is from marcel duchamp, a french artist, it goes : there is no solution, because there is no problem... :) trading