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Thanks!.. It all makes sense now haha

Can someone explain was "OP" stands for. Thanks

That looks more like an inverse head and shoulders to me. Either way it tells the same story

Thanks for that detailed explanation. Very good info. In answer to your question, I need to know whether my gap theory really works and to find out i need to test over the last year or two not just the last few weeks. With google, i can get the data I need for the last month or so, recording...

Thanks for your opinion, however, I'm not sure I understand what you mean by not being able to fit 6 weeks of an average stock, are you saying that the amount of data cells will be too huge for excel? Also I didn't understand what you meant by ratehr seeing a trade go away. Btw, for...

Yes i see your point, its true i have to watch for that kind of stuff affecting my data but I dont' believe it will make a huge difference in this research task. I just need to know those stocks tendency to fill a gap when a certain criteria is met. I can't believe this info is so expensive...

Yeah that's true I don't need every tick data, 1,5, or 10 min OHLC bars will work as well.

Hey all, I'm wondering if anyone knows where I can find cheap intraday historical data? I've searched for hours but I can't seem to find anything for less then $50 bucks. i just need the last 2 years (preferably more) of tick data for just 4 NYSE stocks. (LO, MO, RAI, PM). The cheapest I...

Hey, I've been following the ES/YM a lot recently and one technique that i picked up from alexander elder was to look for divergences in the inidicators you use. You can see the most obvious example below at the double bottom at 6:30. Notice how price makes a very close double bottom whereas...

So to get away from paying the dividends if your shorting SPY, you should instead go long the inverse etf such as SDS. My question is: How do the inverse S&P 500 ETF's get away with not paying dividends. I noticed that some inverse etf's such as SDS, actually paid out dividends in 2008...

All the hype is plenty of reason to buy it in the first few mins of the day and hold till the close. No short selling allowed too. I believe we might get very similar action to AONE when it debuted last september. My prediction is that it will close quite a bit higher on the first day...

Right, but isn't the price action among those three instruments quite similar, especially the ES and SPY. That's the main reason i compared them, everything else being equal, there are some disadvantages for the small player when trading the ES rather then the SPY, most notably being the spread...

That's a very good point too. Thanks for bringing that up. I forgot to mention that I was assuming only intraday trading in all instruments

Yeah, i have seen that the ES and SPY are nearly identical in its trading ranges. I just did a comparison between the two in terms of liquidity, spreads, and commissions costs. I also added YM for comparison as well. I used 1 ES contract as the benchmark, and then used 10 ES contracts as the...

I'm just curious why nobody has mentioned SPY as one of their daily trading "stocks". It has a lot of these same specs as some of the other expensive stocks mentioned, and the spreads are rarely more then 1 penny apart. The liquidity is superior to any stock, a bit more then half a million...

well actually I'm based in Vancouver Canada, so I use interactive brokers canadian edition. There is no PDT rule on the TSX. My guess is that if you join an american brokerage that allows you to trade canadian stocks, such as IB, you don't have to worry about the PDT rule. Check interactive...

If you look at the level 2 on POT, you can see that there is a lot of potential for slippage, so its not suprising he encounters it when trading. It's even more true on the TSE: POT. The spreads on that are a few cents usually like 3 to 5 cents. The only expensive "stock" (ie more then 75)...

If one uses BATS as opposed to say routing to the NYSE, is it possible that there will be different liquidity levels on the BATS then on the NYSE, like will the Level 2 show different limit orders at different prices then say the NYSE level 2. If that's the case, how does one find the most...

Does anyone think the price of the BP stock at the moment is really overdone. It's removed over 50 billion in market cap from the company and so far the spill cost BP around 1 billion last time I checked. Is market cap a decent gauge of overall company value? I just think the cleanup...

ask price more. because the buyers are more intense to buy the stock therefore they buy at the ask rather then trying to get a cheaper price at the bid.