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  1. K

    TS Trailing stops

    Unfortunately, though you can manually enter stop-limit orders, they still don't offer a fully integrated stop limit for EL, which would solve most of the problem, nor have they integrated routing options. Whether or not they can integrate such orders with EL, a more robust set of alternative...
  2. K

    Can Day Traders make a good living.

    "The three of them did not communicate during the initial exercises; they were too intent on finding their own mental edges. Eventually it was like getting a second wind; a state of stability which lay beyond what at first seemed like the limits of normal performance. Getting there was a...
  3. K

    TS Trailing stops

    ... one of the most limiting things about TS is its cumbersomeness for multimonitor displays. I use TS6 on two monitors, am happy with the set-up, could adapt it to more monitors, and have described my take on the trade-offs that keep me using Tradestation rather than its competitors, but I...
  4. K

    TS Trailing stops

    Yeah, I do expect to use the Quotes pages alerts every day now, frequently re-setting entire columns, though I depend more on trendline alerts, and even more than that just on scanning over charts, flipping across workspaces. As I've mentioned on other threads, I've done a lot of testing of...
  5. K

    TS Trailing stops

    Since, as you know, I owe ya, I'd be happy to share my experience using EL-based trailing stops. Critical issues include: time frame; criteria (e.g., profit percentage, market action, combined); intention (e.g., to test approaches or actually to trade). Let me note that I hardly ever...
  6. K

    Can Day Traders make a good living.

    From your previous posts, it appears to me that you're playing a completely different game than many of us are. Or maybe it's more like the difference between going into battle with a machine gun as opposed to a sniper rifle, though even that comparison may be inadequate. For me, the idea...
  7. K

    Highly selective trading

    ... among many. No reason why, say, a scalper couldn't shift over and adopt it when the "big day" rolled around. Or that some retired trading legend couldn't come back to the floor to trade the big kahuna... You hear stories about guys doing that... If, on the other hand, you've persuaded...
  8. K

    Can Day Traders make a good living.

    Good or great... there's no limit... Odds are very much against you though. I believe that you're much more likely to lose whatever money you invest in the effort, along with months or years of energy and effort, and more...
  9. K

    when SMART is RETARDED

    Doesn't that pretty much already answer your question? I don't use IB, but, in fast market conditions, esp. during the first 10 mins., and almost no matter how good your connection is, you can't even be sure that the quotes you're seeing are up-to-the-second. You'd have to ask IB how they're...
  10. K

    IB or Tradestation

    Excellent question. I think the answer has to do with Bear Stearns, through whom TS clears. Believe it or not, when TS first started operation as a brokerage, each confirmation included a $2.50 handling fee. In fairly short order, this fee was waived and past charges were refunded, but the...
  11. K

    IB or Tradestation

    I agree. Unfortunately, you can't really have checked 'em out until you've used them for a while... If you're sophisticated when it comes to programming, you might also consider Wealth-Lab for backtesting. ErlangerQuote also has its boosters. Depending on what you're aiming for and willing to...
  12. K

    Tradestation alerts help

    Yeah, HOD and LOD both are integral to my style also - though to trade effectively I need a "proximity alert," I find. Will now experiment with that... you know I wonder if they've improved the Quotes pages without happening to mention it to me. They're are a lot of neat things about TS...
  13. K

    Tradestation alerts help

    Wow... really? how'd you figure that out?
  14. K

    Tradestation alerts help

    You must be a programmer or something... If you want to get the highest high of the last n bars, you can just use the built-in Highest(High,[n]). If H > Highest(High,n)[1] then Alert... etc. Different ways of getting the ID High, or other values, without having to reference a particular...
  15. K

    Tradestation alerts help

    dunno... never even noticed you could set the Quotes page alert for 52-wk high, but it makes sense to me: the 52-wk high doesn't change over the course of the day, but setting and updating the intraday high or low requires relatively complex calculations incorporating and saving values drawn...
  16. K

    Tradestation alerts help

    Sounds like you're trying to do it in a "Quotes" page - can't really be done on current TS6, unless you want to manually re-enter the "High" or "Low" each time it's hit (not likely)- was possible on RadarScreen, maybe under next upgrade of TS. Currently, the easiest alternative is to insert the...
  17. K

    Erroneus close price

    ...sometimes there will be slight discrepancies of the type you describe, sometimes esp. between charts in different time frames (e.g., 5-min vs. daily). In my observation, the closes in the daily time frame will match the closes reflected in L1 or L2, and can be taken as "correct."...
  18. K

    Is Daytrading a Random Event?

    Thanks for making the true basis of your argument clear. I guess it turns out that you're not really a "random walker," after all. It seems pretty obvious to me that, whatever edge you seek to exploit, your chances of being successful with it will be hurt by the attitude that you're bound to...
  19. K

    Is Daytrading a Random Event?

    As has been pointed out elsewhere, the fact that a coin toss chart (and, more typically, an interesting section of a coin toss chart) can appear to resemble a tick chart does not really say anything about the possible randomness of the latter. That any randomly generated pattern might appear to...
  20. K

    Is Daytrading a Random Event?

    Care to describe your "studies" in more detail? Considering the amount of interest and money in very short-term trading, it's surprising to me how little material there is in the public domain that demonstrates much sophistication.
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