I recently started to play around with qlink and excel and I noticed
that the realtime data it shows does not match what is shown
on qcharts...
for example looking at the 5 minute ES bars -- for each bar there
is at least one value (OHLC) off by a tick and the qlink volume is
always lower...
I often feel the same way -- the trick (as an adult) is to continually
lubricate your mind... it takes a hell of a lot more work than it
does for a 17 yo but we basically have no choice.
Ironically it can become habitual :)
Compound this with the overall life benefits of keeping your...
Hi William
You're ambitious, prepared and you seem intelligent -- a really good start.
2-5 days per book (IMO) is not enough time. You might be able to
memorize (think of your history classes) -- but this is not enough to
make you a trader.
becoming a good trader requires a fair...
I'm having a little trouble figuring out how to calibrate the
offset...
For today 5/13 using 2 minute bars and using the 1 period
MA of the close of INDU/YM.
bar offset
1 10
2 16
3 18
4 19
5 19
6 17
7 19
8 20
Prices were falling during...
I feel your pain. But honestly I think the situation on ET will get
worse before it gets better... it's free -- all ages all IQs all
everything.
I agree with steelhead - just talk we might agree with you.
JT
If you are going to talk trading do so. if not move it over to chit
chat.
How much time have you guys wasted thinking and emoting
over each other? It takes only 5 seconds to click ignore.
Think of the ROI!
JT
I am fairly cerain that this joker is gamalruach
AKA overload.
He'll sell you this super secret for only
100,000,000 USD !
http://elitetrader.com/vb/showthread.php?s=&action=showpost&postid=462436#462436
JT
On his profile he says he's a student -- and I believe he's
just using a bit of texting/chatroom shorthand speak.
This makes me assume he's a younger guy trying to learn
something about trading -- which I think is perfectly
respectable.
JT
Hi db
Wow! Great post.
A quick question -- what led you to the conclusion that trading
today was primarily professional?
What struck me today about ES was how once volume got into
gear price started to go a little goofy.
...and yes this is fun :cool:
JT
It's arguably the same:
1. Marketing = charts/data/indicators
Finding pent up supply or demand is the name of the game.
2. Finance = trading account/money management
A given.
3. Technical know how = your system
'System' is used broadly here and includes all of the
psychological...
I'm not big on predictions but I agree that this is the most
likely scenario... however the bulls were not giving up
today and we have consumer confidence tomorrow.
JT
Ahhh I see. You might want to consider setting up an el-cheapo
dialup account on your trading machine in case you have *any*
sort of failure with your broadband network setup. This is my
current redundancy 'system' and it has worked well the couple
times I've needed it.
I also have...
I agree with nwb -- new pt3 in the works. The market might
want to go up against the LT right side TL a 2nd time before
it makes an attempt at traversal... we'll know Mon AM.
personally...
I wasn't surprised to see prices go gunning for the left side
TL of the IT up channel... when...
nwb - my lines are really close to what you are showing.
Help me out here -- I think you are saying that the first IT
was the traversal of the LT channel... roughly 3/8 - 3/16.
I believe you are saying the 2nd IT has been the basically
sideways movement since 3/16 (the last 8 days)...
db -
I've had a little time to think about your stairstep trend concept --
I plan on reading your whole thread this weekend... but for
starters:
Your concept fits in nicely with my current concept of trend
channels... to me one of the strongest concepts is how *price*
provides support...
Thks db... I agree strongly with your statement on this page:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=29005&perpage=1&pagenumber=165
about not thinking about things simply in terms of lines and angles -- but to delve into
what the story is behind those lines and angles...