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This filter certainly has the characteristic frequency response of a low pass filter. Unfortunately the charting tools I use don't have the capability to evaluate it but I note it can be rewritten as: EMA( EMA( (1/a-0.25)*Data[0]+0.24*Data[1]-(1/a-0.75)*Data[2] )) where EMA is the standard...

For US stocks: http://www.elitetrader.com/vb/showthread.php?s=&threadid=241164 I won't spell out the precise details of the criteria I personally use, but applying it today for the S&P500 reduces the 500 to the following: ACE ACN AFL AGN AMP ANF APA APC...

Seems to me that the 'stupid' replies were implying something obvious. Oscillators are a waste of time, just watch price - it is current, not lagging.

Like a lamb being led to the slaughter you are following a well trodden path, and are being encouraged to do so. :mad: For daytrading stocks, straight lines are all thats needed, and preferably horizontal too :cool: No need for TA on charts, learn to read price action...

Someone who has trading ability may well be able to use any trading process and still be profitable. But anyone with common sense should adopt a process that has obvious merit. If someone is stupid enough to trade using crank methods of waves, fibs, moon cycles etc - then unless they have...

Personally I choose stocks that are not high priced. There are many stocks in the S&P500 currently with price not too low or too high, with adequate average volume and sufficient daily range in the recent past: AFL AGN AMGN AMP ANF APA APC ATI AXP...

This is ridiculous nonsense, there is no need for all this rubbish. Trading is much much simpler than you portray Xspurt. It looks to me that you are testing to what extent the gullible will follow this crap. To paraphrase what a wise man once said 'if you draw enough lines on a chart then...

Yahoo finance provides intraday data but it is delayed 15 min. See the last column of the attached file for the DOW 30 stocks. Note the file is html but the extension was changed to txt as ET won't allow html attachments.

LOL, you don't have any idea how I spotted that opportunity amongst the thousands of other charts I could have have looked at.

I'd say spotting opportunities that are developing and waiting for a high probability entry is important. WLT had an excessive range that day so a short entry at the right time and conditions, was likely to succeed. Equivalent to the obvious statement: 'let winners run and cut loosers' is the...

Without TA:

Beyond this STOP, there be dragons.

So, if you live in Europe and work full time, why not daytrade US stocks at least for the last couple of hours of the NYSE, via a CFD account. Just a few shares per trade and a few trades per day would, over the months, give you much more experience of hundreds of live trades in a shorter time...

I've been watching DV out of curiousity as to how it behaves. The ADR has been decreasing in recent weeks. Lots of levels and 35 seems significant. Now the EU leaders have agreed, except for Cameron, maybe US stocks will proceed more orderly.

Not sure what you mean. I was projecting ahead, as to what may happen if the uptrend continues. Of course it may or may not do so, time will tell. Something that strikes me about the chart is that on the last day is different because after the initial jump in price, it seemed to be going...

Its what I see.

I'd like to think that I control my own behaviour with perfect perception of reality, but there is the awareness that I/we are biased in our thought processes, which leads to doubt in what I think is right. In that case the only sensible thing to do is to have a plan and stick to it.

My conclusion to date, after 18 months of daytrading, which may seem for some to be only slight experience: Most people who try trading will struggle and loose, and follow the well trodden trail of trying numerous methods of TA, charting, data sources, reading forums for help/tips/ideas for...

I would say a bad falsification of Victory Boogie Woogie by Piet Mondriaan GO [/B] Hmmm...I see, sort of. Hi GO.

TO/TE should give you a prize for that. :D