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I see. Sorry I misunderstood.

Respectable in whose eyes, yours? Okay, but many have given up so-called respectable careers in search of something they enjoyed more. And how do you know he doesn't make the majority of his money from actual trading? -By the way, I'm not trying to defend Al Brooks because I know him...

Either way, I can't imagine what the big deal is. Al is not a trade caller--he gives feedback on what HE sees in the price action only. He's not using a black box indicator, nothing secret, just talking about what the price is telling HIM. It's just him and his chart, no trading system...

No so sure about that--at his summary he will say "I didn't take that trade" referring to previous trades that he said at the time he wouldn't take. He says things like "I would be looking to short here" and so forth, and a couple of times "that would be a good H1 long" or something to the effect.

I have been in Al's room on a trial basis for the last couple of days. He never says "I'm about to take this trade." He logically talks through the price action, and that's all he claims to do. He doesn't try to sell calls, and for all of you who are looking for that, it's not for you. He'll...

Thanks for your original post (on NT forum I linked to) and for this. Very helpful.

After a bit more exhaustive searching, I have found this great response to basically the same question: http://www.ninjatrader.com/support/forum/showpost.php?p=117581&postcount=7 It essentially confirms what I suspected--that there's no such thing as truly above the offer, or below the...

I'm not talking about spikes in price as this thread seems to be talking about. Not large block trades. I'm talking about regular orders, only 1 or 2 ticks above the offer, or below the bid.

How is an order filled above the asking price? Isn't the asking price, well, the asking price? I would think that once all resting sell limit orders are filled at a level, that the ask ticks up to the next level, thus making it impossible to get filled above the ask (or below the bid)...

Again, thanks all for the info. Happy trading...

Thank you very much for the information--the "marketable limit order" is just a regular limit order though right, not a special order type? In other words, market orders can only match with limit orders, but limit orders can match with other limit orders?

Am I correct in saying that market orders are matched only to limit orders, and not to other market orders? And related--if no one placed market orders, and thus the bid and offer were never hit, price would never move, correct?

Thanks guys for all the helpful advice. Regarding this specific quote, it brings up a question. Doesn't this view depend specifically on trading style? What if I'm a scalper or day trader who trades 50 times a day and by definition takes small profits? If my stops are small (2-3 ticks)...

Thank you everyone for your replies...

Will have to look and see--I'm inferring that you're I can answer my own question by doing the math?

I day trade eminis and hold my trades anywhere from a few seconds to an hour or two. Typically, when I open a position I have a 5 to 8 tick stop, with usually a 5 to 8 tick target 1, and a longer target around 15 ticks. When I open a trade and it is hovering around breakeven or +/- 2 ticks...

For those who trade professionally for a living, I have a question. - Do you set a particular target return for a day/week/month/year period? - If you hit that target, do you stop then, or keep going? Say for example that my goal was to increase my profit in the week by 2%. If I hit that...

Hi all, I'm new to this forum and this thread, so thanks for having me here! I haven't read (nor will I read) all 108 pages of this thread, but would like to weigh in. rcanfiel, first of all, I would ask why you started this debate in the first place? I'm amazed at why so many people...