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  1. O

    A Comment On Intraday Charts

    First, let me say that I am aware that most of you are using intraday charts, along with a variety of indicators. This post is not intended to tell you "not" to use your intraday charts, but to point out a few disadvantages. Next, let me also say that I spend alot of time analyzing charts on...
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    On The News...

    Just a quick comment on news. News is an important 'indicator' to me. Not for the specific news per se, but more in the reaction to the news. Alot of ways this can play out. But perhaps the classic is the negative news item that is ignored. This is the best 'buy' signal you will ever...
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    Short Newmont Mining (NEM)?

    What possible "technical basis" could you possibly have for shorting a stock that is at a new high? By definition, the stock is in an uptrend. So in my opinion it would be a matter of LUCK if you manage to pick off the high here, just prior to a 20% downmove. A good way to lose money is to...
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    New Book from IB

    IB continues to impress me. Good commissions, good platform. Now a book. Frankly, they didn't need to send the book, I was already impressed. But the fact that they did speaks volumes. Excellent outfit. OldTrader
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    Time And Sales vs. TWS

    This seems to cover what I'm referring to. It looks like the volume is 'lumped' and therefore, when you see a trade of a certain size on TWS, it may or may not be an actual trade of that size versus a combination of various trades. In fact, I have tried to add some of them quickly in my head...
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    Time And Sales vs. TWS

    To avoid confusion, TWS refers to the Trader Workstation from IB. OldTrader
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    Time And Sales vs. TWS

    It seems that there is a conflict between the volume I see in the Time and Sales window from E-Signal versus the volume I see on the TWS. My impression is that TWS must 'lump' volume together when it occurs at the same price, whereas the Time And Sales window shows all trade volume. But this...
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    Here is the CME's complete explanation

    Which half do you put yourself in? OldTrader
  9. O

    Here is the CME's complete explanation

    I agree. OldTrader
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    Here is the CME's complete explanation

    I don't know WHO came up with this "theory". I didn't. And neither did any of the great leaders/thinkers throughout history. Let me just say, I'm 57, been trading stocks, futures, real estate and businesses all of my adult life. Every day of my life I would like to think I'm compassionate...
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    Here is the CME's complete explanation

    Yep, every trader wants to buy just before the next guy. That IS what trading is. Unfortunately, that's not what "front-running" is. Front-running is illegal. They hand out jail sentences for it. You might want to acquaint yourself with the definition. Those who "assumed" that it...
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    traderkay's stupid paper trades

    You wouldn't be spending this time if you didn't want to trade. At the same time it has to be a little disheartening to figure out that you're not going to be making much after commission. Amazing how that seems to end up being the case for a lot of traders...the only guy making any money is...
  13. O

    Traders' Commitments (from Barron's)...

    I'd be somewhat careful about drawing conclusions out of these reports on stock futures. I think all of you guys/gals know that there is an active arbitrage market between the pit and the ES. What you may not know is that the definition of who is what differ depending on whether you're...
  14. O

    Babak's Journal

    Loved the comment. I might have focused on it somewhat differently. Sometimes the markets that are going one direction, when we can only think of reasons for them to go the other direction, are the best moves. Ever notice that? OldTrader
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    any daytraders out there

    Thought I'd respond to your post, although I'm really responding to any of number of posts I've read in recent weeks regarding these 'lousy markets'. You know, I've been in these markets a long time. I've seen lots of changes. For instance, you could have traded gold between 1976 to 1980...
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    Here is the CME's complete explanation

    I have to say that the above statement bothered me. First, let me say that I'm one of those who lost money Thursday. I'm pissed off about it. Here's a few things that piss me off, in no particular order: 1. I noticed the system was not operating correctly. I incorrectly assumed that...
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    The Stochastic Indicator

    Interesting. My news service doesn't even report that. Maybe I need a new news service. OldTrader
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    The Stochastic Indicator

    There was no 10:00 report today. OldTrader
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    The Stochastic Indicator

    Jack: Can you explain the technique of "iceberging"? I must have missed it. OldTrader
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    Is IB that good?

    So if I understand correctly, you're not interested in seeking a broker you're satisfied with. Instead, you'd rather stay with one you're dissatisfied with, and complain when they don't meet your standards? You give the word "fool" new definition. OldTrader
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