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Anyone ever use iBankCoin PPT or the chat called 12631?

Anyone know any good swing trading books? I just finished reading Chart Patterns by Bruce Kamich and it was decent.

Their platforms would often go offline during these periods for maintenance anyways. Plus weekend spreads are like 20 pips.

He is in the 99th percentile and uses moving averages to read the tape...specifically the 116 period moving average.

On what time frame are you trading? If you are day trading there is a pretty good code floating around for opening range break outs that uses the 5EMA and the 10EMA. PM me and ill send it to you. Just using the 20EMA is great for a momentum indicator. Check out the PPS indicator for...

Like others have said, you probably need to go prop with a deposit. The commissions will only decrease with the more volume you trade. Look for ones that allow for automated trading. PM and I have some recommendations. I am a college student as well.

Since you have under 25k, you should consider a prop firm if you want to day trade stocks. Futures and even FOREX are alternatives to get around the PDT rule.

Can you give some examples of the correlated pairs you use? Aside from that, I was just doing this with BTU. It is not too bad if the supply and demand is clear.

Spreads are huge on the weekend anyways. It was near 20 pips last week.

Yeah lol should have just focused on my usual trend strategy. Could have just shorted this SPY tank happening as we speak.

Still flat on the spread trades. Almost got cooked a few times. The MMs are too fast lol. And as far as the orders for a few cents, I am testing just giving a direct ticket into the buyer or seller based on the direction I think it's going. That way I don't get messed up by a cent or...

Nice journal so far. I was looking through the broker area and saw SogoTrade...they have 3 dollar trades with a 500 minimum. Not sure if they are good or not from my own experience, just trying to give you possible options.

Good point. The order will most likely fill and then move against me because of this. In order for my proposal to work it would have to basically be a 50/50 demand on each side. Which...is pretty unlikely. Aside from this... I am somewhat new to direct access and placing my orders right...

BATS has good rebates.

Normally I trend trade and use momentum. But the other day I was thinking about using a different strategy. I was trading BKS and noticed that the spread was about 10 cents. So lets say the bid was 15.05 and the ask was 15.15. What would happen if I narrowed the spread by placing a bid for 1000...

Try setting automatic bracket orders, that way you hit the button and your plan goes to work.

Thanks! So far so good. I am trading small lots right now to just practice. And I see what you mean about the longer time frames. I am finding the 15 minute to be good for entry, but I am using 1 hour or 4 hour charts for trend. I am executing via the Oanda FxTrade and using MT4 for charts...

Yeah this isn't necessarily tape reading at all. Plus that moving average is pretty long for intraday movements. Entry or exit solely on that parameter would be lagging and often even random. When using moving averages on intraday movements, I have always found the 5 and 9 EMAs to be the most...

Will post a pic when I get back to my dorm. I get 75 download and 105 upload.

Went live with Oanda. Well see how hard this is compared to trading stocks.