Search results

I just love reading all the Amazon bashers in ET. All those shorts keep fueling each new leg up. AMZN is up $13 in after-hours trading. Come-on shorts, time to sell some more. Averaging up will solve your problem. Gotta fuel the run to $100. :D

I use Tradestation to program strategies. TS Easy Language is simple to learn. Once you have the strategy programmed, it's easy to have TS auto-trade it for you all on one platform. TS has 6+ months of available tick data, and several years of minute-based data. So you can do a fair amount...

More than 4 hours before it occurred, you picked the afternoon bottom in the ES to the minute, before it rallied 7 pts into the close. How'd you do that? Of course, you said the buyer would then need to jump out the window, but instead the buyer would be jumping for joy. So what's...

I use a P&F chart on Tradestation for the ER2. I don't know if it offers all the bells & whistles you're looking for, but it draws the X and 0 columns accurately. I just use a few EMAs on it. To the other responder to this thread, if you've never looked at how to use a P&F chart, you have...

Could you do credit put spreads on each of the individual stock option positions (to limit the risk on any individual position) and use some of the proceeds to buy the index puts for portfolio protection - using near term options for the put credit spreads (to benefit from time decay) and buying...

One additional benefit you forgot to list: tax reporting. With daytrading stocks, you have to list every trade individually on your tax filing (uggh!). With futures, all you report is your year-end net Profit/Loss - simple!

Trade futures......all that matters for taxes is your net profit (or loss) at the end of the year. And there's even a tax rate advantage in trading futures vs. stocks.

I've been using the Matrox TripleHead2Go since June on my laptop, and have been very happy with it - reasonable cost and performs as adverstised right out of the box. I have it connected to an HP laptop with 17" screen, running three 19" external Dell monitors.

Fascinating stuff, dcraig. What data source/charting package allows you to chart a history of cumulative bids to asks? I have TS and Ninja, and I've never seen anything like that on either. Thanks.

I have seen the same thing. I haven't found it as effective (the 2:1 ratio of bids/offers or vice versa) in the ER2, but it seems to be quite effective in the ES. It seems that when there's a 2:1 ratio one way or the other, the market has to go towards the heftier side in order to reach...

Mr. Thunder Down Under - Thank you for sharing this book with us. Your generousity with knowledge on multiple levels is sincerely appreciated. We traders can get so caught up in the minutiae of numbers and analysis, that we forget that a sound philosophical foundation is critical to...

"as usual, the initial short was way early, but i still think this will work out nicely." So, would we do well by fading your initial trade, and reverse when you add on? :)

Beeflover - SCT is Seamless Continuous Trading......a Jack term. Did you notice that the run down to the low in the ER2 occured BEFORE the Fed announcement? Someone was having fun running all the stops in the thin market pre-announcement. And there were no new lows at that time in the...

Thank you Gary for all the effort you put into this thread, helping others to see the market forces from a new perspective and creating a positive learning environment for all. I'm sure that everyone who has participated in your journal will agree that it has been one of the most productive in...

In my observation and use of this method over the past several weeks, the best way to utilize it is to look for a near term support/resistance level to be established (i.e. same price level hit on several prior bars and bounce back) as the MACD approaches the 0 line or approaches the MACD MA for...

Do you enter right at the S/R/P level without some other confirmation? I personally look for divergences near the S/R/P levels. For example, there's a bear divergence setting up right now on the 1347.0 pivot level. Also, what size of stop do you use on the S/R/P trades?

You need a few more details here to know if this is of any value. Is this an always in method, i.e. reverse on crossovers? Or are you using a profit target/stop loss with each cross? It appears you're only basing trade entry on the daily closing price. You can't trade the DJX. So in...

After spending the extra $$ for several IBM laptops over the past decade, and having the last 2 fail on me, I went with an HP Pavillion dv8000 with 17" screen, Intel Centrino Duo etc. in June of this year. It came with dual hard drives, so I have built-in back-up (but I also have an external...

Thanks for sharing this idea, 5P. However, perhaps there's a bit better way to play this idea. In looking at the TICK charts for the last few days, it appears that entering on the breakout of the 1st hour high/low was putting you into the trade at less than the ideal time (i.e. long at a...

I was surprised that no one pointed out that yesterday's whiff at the plate could be felt in the stands. The call was for a continued weak (down) market. I believe the calls come out at about 1:00pm EDT. That time was the low of the day, and the market rallied from there into the close (ES...