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Where can I find the value of "relative strength" of a stock? I need this information to determine if the stock is leading or on momentum!

It doesn't matter. Even if he fails, you can still learn things from him. Lean from his mistakes. Why did a successful trader could lose all his fortunes many times? Realised this and you may be able not to follow his footsteps in future.

Any help? Or workaround?

Real-time Replay of Metastock tick data Hi. I have tick data in Metastock format. Do you know which software can replay the Metastock tick data again in candlestick form in real time? What I want is to re-watch the real time candlestick movement in the market (eg seeing the candlestick...

Doesn't matter since my English is also very poor. And what is 2MIDD? (2 times MIDD?)

If I understand correctly, it seems we can calculate WRB without any human effort. A formula should do. Simply: If current "range of open & close" is larger than last 3 "range of open & close", a "pt" mark will occur. It doesn't matter if the open must be higher than the last 3's; nor the...

Do you know any prop firms' websites? PS: It seems the www.vcapfutures.com/cts is not a prop firm as far as my knowledge goes (but could be wrong). I can't see if it has offers to give people money to trade nor bear risks when investor loses.

Dear schoops, Thanks so much for your answer. By the way, what does MIDD or ROA stand for? And why do we need " - Average profit per trade (commission free)"? To me, it seems including commision & other fees and calculate the average net profit. It seems to be more meaningful than gross profits!

Frankly, is this software easy to use? Does one need to know programming / computer language before using it? Thank you!

?_? So which one does your "WRB" refer to, the main body, or the whole bar, or both? And when you says "body" do you personally means the length between open and close? And how about "bar"? Not sure if I get you right. It seems you treat "bar" and "body" the same, but some traders...

Hey, is there any difference between Wide Range Body and Wide Range Bar. To me, Body seems to mean the difference between open & close; while bar, high and low. I still don't understand how to use the size of WR Body/Bar to develop exit plan. Can you explain about that? You says no...

So do you mean you set a fixed percentage stop-loss and target every time you open position? Eg: 5% stop; 10% target.

The reason I ask this is I wish to hear what others say about it. I may only see part of the picture. Listening to others' advice is a way to see the rest of the picture. But it doesn't mean if someone says "stock is better, or vice versa", and I will take the advice strictly. The main...

To me, most education focuses on learning useless or "ivory tower" stuff. Every person is different. But we are focused to learn many useless things (whihc don't suit us) in school. We are learning compulsory subjects whihc are not compulsory. But educators seem to forget to teach some...

Would you mind telling me how you use risk/reward ratio to determine exit point? After all, what I ask is I need some objective ways (eg technical indicators) which can help me to determine (roughly) about when a wave ends / where is the top of a wave. Any input?

Hey. Sorry, but does it matter? To me, the best practice is I can enter at the start of a wave and exit at the end of it. I won't set a fixed target on that wave. It depends on how far it can go. In a large wave, there're several middle waves. Instead of just sitting and waiting, I...

I searched in vain. http://www.elitetrader.com/vb/search.php?s=&action=showresults&searchid=1054906&sortby=lastpost&sortorder=descending There are only 7 results, but no thread talks about "WRB Analysis". By the way what does WRB stand for? Any help to point me to correct thread?

So you have traded for 5 years, right? Did you quit your job and trade full-time, or trade is your first career? Now can you manage to win easily or get stable income from trade? What do you think as a full-time trader? Any good and bad things? To me, I'm a bit lucky. My capital has...

Need some objective rules to stop-gain Hi. I have problems about closing my positions. Quite often I close too early, or miss the chance to close my positions. I need to close my positions in "better" price (it doesn't need to be the highest/lowest as it's impossible). Does anyone know...

Degree holder-to-be. Sorry for my ignorance. What's CFP, CMT? I hope not. Only fail on sim/demo/paper trade; but never on real trade. As long as I can control my emotion, if I can win on paper trade, I think I should be able to win on real trade.