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I am now wondering what some of the other prop firms charge you trading your own money. From what I have read Iteractive Brokers has a decent commission structure but their platform is not ideal for active day traders...

Yes I should have mentioned that these are daytraders that trade in the area of 100k shares a day

I know a few guys that trade their own money at one of the well known "prop" firms. Their commissions seem to be in the .005/share area and they have the standard 4 to 1 margin. What are the advantages of this set up compared to trading with Iteractive Brokers (for example) as the costs...

Thanks for the replies everyone. I will look into Camstudio and others listed. I found JING but did not think it worked on youtube.

Looking for alternatives to Camtasia screen capture software. Would capture voice, allow editing, and be compatible with youtube. Thanks in advance

It would be nice if people listed their style of trading (day trading, swing trading, stocks, futures, etc.) to acheive the results they post.

Don Bright, I was how your INTRADAY pair traders are doing in these volatile times? Has the extreme volatility had a positve or negative effect? Thanks and all the best!

Great thread! After reading it I was reminded of a book I read a few years ago. A little google research led me to the book and the story in the book that stuck out. The book is "Enhancing Trader Performance" by Brett Steenbarger. The entire chapter (attached as a PDF below) is worth...

If your strategy is defined as entering when the spread is at 2stdevs with setting a stop loss at 2.5 stdevs (just as an example) then setting a profit target at or near the mean makes sense (risking 1/2 stdev to make 2 stdevs). However it seems if an entry at 2stdevs is good then >2stdevs...

I am wondering how this fits into an overall risk/reward profile? If you enter a trade when the pair is 2 stdev's away from the mean (for example) is your profit exit goal at 0 stdev's? 1 stdev? Now if the pair continues to diverge I understand you add layers (new trades) but without an...

Right click and use the "backfill" option near the top.

Yes but prior to my original post? I have the one that started at 1120am.... Are there any lateral formations earlier than 1120am?

Lateral formation= all price movement is inside (high is = or < and Low is = or >) of bar 1. Based on the above definition I do not see any indication either :confused: EDIT: On my chart anyway....

I see the one starting at 11:20am.....

Chart so far... Pink circles are outside bars...

After the recent "IBGS" posts, I am wondering if we have a clear definition yet? A move in the dominant direction that makes a higher high or lower low and then closes below the open? Could also be a gaussian peak or trough? Any other thoughts?

IBGS 10:40 bar??

Not very clear how this influenced your decision at the end of BAR 5. You highlighted Bar 6 in your snippet. I understand that price has yet to exit to DOWN channel but at the end of Bar 5, when you determined it wasnt a new Point 3 "UP" , what lead you to believe that on the next bar...

I apologize for not linking the chart to my previous post. I am not exactly sure how to do it. Thank you for taking the time to find it. What lead you to believe this? I do not see a difference in the exercise Tums provided (proir to your modification) and the first 5 bars from 11-15-07...

The following posts are in reference to the 11-15-07 ES chart.. Since, by the close of the bar (#5) in question, you decided you did not have a Point 3 I took your answer to mean that since price closed within the previous bar it could NOT be a new Point 3. Bar 5 moved in the direction...