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Not true, Investor RT CAN recognize candle patterns!:D

If there was such a thing as true value, then nothing would ever be sold. IMO buyer and seller never agree on price, that is exactly the reason why one party is selling and the other is buying:D Every time I hear about the tulip madness I become more proud of being Dutch. Did we - the...

Sorry, but as a dutchman I have to protest to this. Heineken is not German, it is Dutch!!!:D

Is this not a price pattern? One of your own rules, from your site...

I have all three of his books. He really seems like a real helpful and very nice guy, and he IS a great trader. Nevertheless his methods are very hard to duplicate, at least they were for me. He uses a few rules he explains, but trading only with those rules will not make you profitable...

Sorry missed that one. To me, what is the use of using wide stops, probably from another higher timeframe? In other words, why enter on a smaller timeframe, if you are not going to profit from it. Although I enter based on the break of the daily hi/lo (with a few other distinctions) I base my...

The best indicator I have ever seen is the break of previous day hi/lo. After the break I wait and see what happens, if it continues I go along for the ride:D

What needs to happen before you cover? Target? Rule?

Small? Larger? Compared to what? Target, price, length, time?:)

I thinks goals can work, and even specific dollar amounts. If you have a plan and a method, and you know it works good enough to be profitable, even then, the hardest thing to do is the right thing. If you use goals the right way, they will help. Let's say your trading method makes...

Why trade something that moves very little? It will be hard if not impossible to trade breakouts with a 1/3 R/RW if it does not move. Either change method, change R/RW or change instrument. If you are not profitable on balance, something needs to be changed...:D

What works for me is the following: Take partials at 1R and put the rest at breakeven and trail the stop for the rest of the day. You will make less money (depending on the method) but most traders can work better with a strategy like this. If the move does not last, you will at least...

not possible imo but other programs can do it using qcharts feed... like Investor R/T

"I'll be back" or "Hasta la vista baby" both by Arnold Schwartzenegger :D

Reading a cooking book, will not make you dinner .... But it might help you along the way, if you let it and take some action yourself!:) I have read a lot of trading books. None of them have made me profitable. I did. But they all helped in some way.

A very simple strategy I use (almost) exclusively is the following: I watch 100 most volatile Nasdaq stocks If they break out of the previous day range I get interested, especially if I like the daily chart. I wait until a consolidation pattern on the 2 min chart e.g. flags, minor...

1 Just volatility, price (>10) and avg vol > 500.000 shares 2. Yes, morning, before 11.00 and afternoons after 14.00 hrs Best is to be in before 11.00. If you are profitable, then you might try after 14.00 hrs. Also patterns are different. In the afternoon you want the stock to move...

Most profitable pattern I know is trading around previous day hi or low. Watch the action of the stock around these levels. If a stock break a prev day hi or prev day lo, wait for confirmation DO NOT ENTER ON THE BREAK! Confirmation is a pause in the action. So after a break of...

I kind of like Investor R/T as a realtime scanning option. Have not tried its backtesting capabilities to much though.... It is the only program to my knowledge that saves every tick on your hard disk and can scan very very fast on all data collected. I use it to monitor a few hundred...

Yes, I am going to now, after the ORCL fiasco of Friday the 13th. usually when I get bad fills it is through ARCA, so might as well leave it out