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Average True Range Does your software give you average true range ? Is that what it sounds like, basically the typical trading range in a day ?

thanks nitro, that's the best explanation I have heard.

by the way, when you get this whole open order thing figured out, tell me how it works.

beta is a relative measure that sort of combines volatility with correlation of price movement to an index. Beta can be a positive or a negative number. The beta of the index is set to 1. If a stock has a beta of 1.0, then it is expected to move pretty much in lock step with the index...

hey, that's cool, that makes sense. It seems to take some of the noise out of the stochastic as well, at least in that example. Thanks. Unfortunately my software doesn't provide tick charts, I'm using an inexpensive retail oriented program. What software do you use ?

I'm not an expert on bullets, but it seems from what I have gathered that a call is sold, a put is bought, and stock is bought long, but all at the same time with special order entry tools. At least that is what I am going on, correct me if I am wrong. So, a retail person could theoretically...

ok, the first chart was a daily chart, and it looked great to me, that is the kind of thing I am using now. Tick charts are not something I have ever used before. In your experience what is the main difference between using a tick chart and say a 1 minute bar chart ?

I think what he is saying is that on a big down day for the indexes there are not a lot of upside breakouts. I think that is basically true if you are talking about breakouts on the daily charts.

Dblarrow, I looked at that picture and I just didn't see a good enough correllation to make me want to bet money. For me, it is just too noisy. But that is just my perspective, I'm not presenting it as a fact.

I think this is what RS7 had in mind when he started this thread: "Does technical analysis work for daytrading?" I am not an expert on daytrading, and the main reason is that I have not been able to discover any technical analysis tool that is valid for time frames shorter than an hour. When...

The problem with fundamentals is that the number of people who really, truly know what the fundamentals of any one company are can usually be counted on two hands. Most of those people work for the company and are biased, or work for that companies investment banking firm and are biased. The...

LU is probably the next major equipment vendor to go bust, unless NT beats them too it. that's one stock i wouldn't want to hold overnight.

yes, just not as many, and they don't have as much money as they used to.

There is talk of some big earnings restatements to come, as CEO's will now be held personally and legally responsible for earnings games. http://moneycentral.msn.com/content/P27329.asp That could be ominous if it works out that way.

someone tell me how you can make a living by getting a discount when you buy something ? You make a trade, you pay the fees, then you get a rebate. How can you come out ahead like that without also having a positive p/l ?

it really doesn't sound any different than just getting a discount. I don't know how a person can make a living off of getting discounts, they still have to make a gain on the trade somehow.

yeah, in your situation you don't need to be messing with futures. Trade 100 shares on a cash basis and try to break even after commissions.

janko, If you have setups in mind, and you are watching the setups play out when you want to be trading them, then maybe you aren't that confident. Most people have that problem. Try reducing your size to 100 shrs. and trade every setup that you like and see if it isn't easier. After a couple...

the options on the QQQ's are extremely liquid, and rarely have I seen a large opening gap on the QQQ's. As far as daytrading is concerned, I would think there would be better opportunities in individual stocks or in the futures, but that's not my specialty at the moment.

holy crap. We've got one guy telling you to commit fraud to get a loan, and another guy telling you to max out the credit cards. yikes. But hey, you've got about a 10% chance of getting away with it. and if it doesn't work out, its just that your family will know you are an idiot, you won't...