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First, let me correct you on something....my moniker is OldTrader NOT OldTimer. This error on your part only goes to prove that your READING abilities are lacking. I REPEATEDLY have said your order needs to BE THERE, obviously within the context of the rulebook. But here's my promise, I'll...

I suspect there are as many ways to trade as there are people. I just have my own preferences. If I were forced to pick an indicator to use I would probably pick a moving average. With some judicious use it should keep you on the right side of the market. And if you can get through the...

Sdtrader If your order is on his book, and the price THEN trades through your limit, you're entitled to a fill. To correct your misimpression, your order does NOT have to be on the book for a particular period of time. It just takes a period of time to get ON the book. After reading your...

SDTrader Maybe you need to re-read my posts. I have made numerous references to whether your offer has "arrived", whether it's "there". If your order arrives after he's arranged a trade, but perhaps just hasn't printed it yet, you're too late. But if you're offer is on the book, and...

The problem with some types of "indicators" is that the first thing you know is that you're playing a "system", instead of playing the "market".....if you get my distinction. The market could give a hoot what your MACD is doing. Oversold? Overbought? Right, these types of indicators will...

Calibertrader: Think about what you just said: "You're wrong, if the specialist already pre-determined that the stock he has in hand is gonna fill at a certain price, and he already has enough to fill, your limit doesn't matter because he doesn't have the shares to fill you." If you...

One other point I neglected to mention.....make sure the 39 print was a NYSE trade if your order was on the NYSE. Most quote systems quote all trades, even if they trades away from NYSE. You would be entitled to fill if there was a print through your limit unless the print took place somewhere...

Got to tell you....you got a WHOLE bunch of poor replies, some from people who don't know what they're talking about. Bottomline, if your order was there when the print at 39 took place, you're entitled to a fill. Problem is, you don't know if your order was there. First question is...

I can't remember if I read his book...I probably did. It happens when you get old! But I DO remember Stan Weinstein. This guy was one of the better technicians around at one time....he published The Professional Tapereader back in the 70's. There was a time when EVERYONE subscribed to this...

First let me say that the way I trade may not be for you. The set-up I use is a screen full of different stocks, indexes, and indicators like trin, tick, vix, etc etc. No where on my screen will you see an intraday chart. Stocks and indexes that I monitor are hopefully key ones....like IBM...

Hi Guys: Hope you're all able to read this...can't figure out how to respond directly to someone. I didn't choose my name lightly..."OldTrader". I made my first trade in about 1965...an odd lot of Studebaker at an account at Merrill Lynch opened with a phoney ID to show I was 21. LOL...

I think you've made an important discovery...that indicators don't mean much. And chances are that sooner or later you'll discover that moving averages don't mean much either. A moving average is great...every big move that comes along you will be in. On the other hand, you'll also be in...