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Hello to all, and thank you very much for all your advice! Mr. Consistent suggested that I start a blog where I can start talking about my newbie process. I've already written two articles describing how I got started here: http://startuptrader.wordpress.com I am inviting all...

Hi Dustin, thanks for the good tips... Here is my problem. I just learned the basics of technical analysis (i.e. what this indicator does, what that one does, a few candlestick patterns, etc). Now what would be the next logical move, if I wanted to focus on an intraday strategy? Do I sign...

Okay, so it seems that the discretionary traders don't adhere to a solid rule book, they simply use various indicators and then make a call based on what they think those indicators are telling them. I haven't placed any trades yet, I haven't even started a demo account. I like the idea of...

Thank you for all the links. I just want to get the semantics correct here... A system trader formulates a hypothesis on what is likely to be a trend in a given market. S/he looks for certain indicators that when put together, will usually predict/confirm that a trend is taking place...

Okay... So there's one group of traders who has a defined system, we'll call them Group A. The A types say "MACD crosses, hammer, stochastics are upwards of 80%, no news, let's take it, there's a 65% chance this will work". Then there is a group B who doesn't have a system per sey...

Okay, so let's pretend we're in the pit... Candle opens: 10.00 Next sale: 9.90 Next sale: 10.00 Next sale: 10.05 Next sale: 10.10 Next sale: 10.20 Last sale, candle closes: 10.10 Shadow is from 9.90 to 10.20 Very next sale, candle opens at: 9.10 That means from the last candle...

Hello all, I am new to trading, and am trying to learn as much as I can. I've been reading a few books (like Day Trading for Dummies), but I still can't get one thing straight. So let's say, I'm going to start trading. Never done it before, so I'm going to be on a demo account. Do I...

Hi all, Please forgive the newbie question... I've been learning about candles. When I look at some intraday charts, I wonder why sometimes the bodies of the successive candles don't overlap (please see attached illustration). My assumption is that in a fairly liquid security, prices...

Thanks once again, Mr. Consistent... After some though, I decided that OTC Forex is probably the wiser way to start. There is no monthly cost for data feed or a trading platform, the commission spreads are usually lower than a futures contract, and its a market thats tradeable around the...

Thanks Roman Candle... Let me try to get some takeaway points down here: 1) Forex volatility is no different than futures volatility, therefore the risk of losing money doesn't vary. 2) The margin call risk for futures can be mitigated with a strictly enforced mental stop. 3) A...

Thank you Mr. Consistent, you've already helped clear my head quite a bit... Allow me to introduce a bit more information about myself: 1) I have been following the stock market since July of 2008, and since then have spent several hours per day reading about it and studying. 2) Since...

Hello all, I'm new to trading. Initially I was considering daytrading stocks, because that is what I understood. But I don't have $25,000 to throw into a brokerage account. I learned about the mini ES contract, and it seems that you pretty much can get away with starting on a $10K account...

Hi all, I've been reading Larry Williams' "Day Trade Futures Online" (c) 2000, Pub. Wiley and Sons. I've come across a chart that I don't quite understand. On "Volatility Breakouts- The Momentum Breakthrough", page 75, Williams writes: Let's look at the very best results of several...

Hello to everyone, I'm fairly new to trading, I just discovered my love for the market a year ago and since then I've been learning non-stop. I thought of short-term trading stocks for myself (intraday or swing), since that is what everyone usually knows at first when they get into the...