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That's the problem with mainstream use of the tick. You don't just randomly fade a +or-1000 tick. You use it as confirmation. In an uptrend, you look for the tick to pull back to zero and bounce. The higher the tick readings in the trend, the stronger the trend. I also look for reversals. If...

People are too pessimistic. The US economy is very resilient. Think 6 months to a year. Housing has already corrected enough that the median income buyers can come back into the market. Secondly, if you add the decline in the dollar into the calculation, housing prices are very cheap. If...

Open a futures account. No PDT restrictions.

I have been using investor rt. You can use it with IB feed. I mainly got it for designing my own indicators. You don't have to be a programmer to use the language they have, which is very intuitive. The code for the platform is very easy on the cpu also, even when analyzing large lists of stocks...

The dollar weakness is really what the federal reserve wants. The current account deficit has already decreased since the dollar weakness. This is what is needed to re-balance. It will cause pain to the lower class, but that's what has to happen.

To the comment about trading at sbux. I abhor trading on my laptop. It's the difference between a BMW and a Geo Metro. I like having my array of monitors, so I can detect the nuances of the market by sight. I often miss things on my laptop.

The big problem is the asset backed commercial paper market. When its exchange literally froze up in mid August, it scared the hell out of the central banks. That's why they came out with the emergency cut at the discount window after 15th aug, Wednesday's data was released and analyzed...

Your system should be more discretionary. You need to watch sentiment to find the general direction of the market, so you can pick trades that go with the tide. Your financials and homebuilder trades would not have been taken if you would have seen the bid in financials all week.

There are too many calls versus puts driving this market higher the last week, see: put/call ratios. Seasonality for the second half of September is the most negative of the year. I suspect that no matter what happens, since the Fed announcement is during an options ex week, we should get some...

These expos suck. I went to the Vegas one last year, I live here. It's basically a bunch of vendors selling hugely overpriced garbage that amounts to re-engineered squiggly lines. Even the so-called classes were just vendors promoting how to use their product. But if you're desperately searching...

Depends on whether it's a server side stop or not. I don't place stop orders until the position actually reaches my stop. The key with market makers is that they see the orders and size coming through, so they know mentally where the stops should be. They test the areas back and forth until they...

Why would you even look at the airline stocks. There's so many better opportunities out there.

This was not a sucker's rally. If you looked at sentiment on August 16, you would see that most of the indications were at historical extremes. This rally is the working off of those extremes. At this point, I would not fight the tape until you see a confirmation that prices are heading lower. I...

Yahoo is in a long squeeze. Lots of people long and no real short interest. When this happens as a stock is moving lower, there's no fuel to squeeze from the lows, so it keeps going lower. It was upgraded today, and jumped a couple bucks, perfect opportunity to get a good short position.

We are entering a fed easing cycle. Consumer staples outperform in easing cycles. Secondly these companies do very well also in the fall/winter trading zone.

You people joke, but this crisis was created by the predatory lending practices on mortgage companies. The adjustable rate, and interest only mortgages were pushed upon the unsuspecting, uneducated general public. The Federal reserve, as the central bank has a responsibility to fix the problem...

Going into a holiday weekend has positive seasonality. Today worked off some of the overbought sentiment from last week. By the close the indices were working their way into deeply oversold territory (short term). I'm looking for a sizable bounce tomorrow.

The dollar will not collapse. The federal reserve's massive inflation policy allows the rest of the world's central banks to inflate along with. This allows the top bankers and their friends to continue cashing in on the hyperinflation of the world.

What is with these newbies dogging limit orders. A limit order will ALWAYS be filled if you hit the bid or ask. If you need to get in during a quick move, just sweep the bid or ask .03. I never do this, but if you're a momentum chaser, that's always an option. At least you're guaranteed the...

why not use the cash, spy, iwm, qid or qqqq, dia. You can scale in a lot easier, so you can limit your risk on "test" trades. You can also use enough margin with 30k that can easily produce the returns you want. It just allows you to scale in with smaller size. I think the biggest risk for...