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Just got slammed again. Time is exactly 5:30 Pacific Standard Time. No idea what server I am on. I really don't have much confidence in this broker anymore. I dont think they take this business seriously. I guess I'll finally have to come to terms with the idea of filling out the paperwork for...

I think its interesting that banks, hospitals and other service providers seem to be able to run systems that are redundant and fault tolerant. They seem to be able to run backups that automatically kick-in without a hitch. For some reason, brokers and data vendors don't seem to take this...

Although it has not made me rich, I have found trading in futures to be about the same as any other profession. If you take it seriously and obtain the tools to be successful, you will eventually make money. I think all the speculation about what is and is not a "zero sum" game is just...

I had the same problem this evening (West Coast). I cannot pull up the MyTrack Website and so I figure they must be having server problems. Time to go to your backup feed. Best Regards, Steve46

I have to admit my prejudice on this subject. Because I learned to program in Pascal first, I would lean towards Wealthlab as the best product. Also if you want to test the universe of equities, screening all issues, I read Volker's claim that only Wealthlab can do it. I believe Tradestation has...

CANSLIM has a tested record that seem to indicate good performance over time.

When I hear this question, I think back to the times that I have felt a little battered by the markets. When I feel this way, it is difficult to have confidence in your choices, and hard to "pull the trigger". Almost every time I have felt this way in the past, it has meant that I was not well...

Thats a nice basic program. I used to use a similar program some years ago by Peter Hoadley. Following is his URL http://www.hoadley.net/options/options.htm. This one seems to be pretty good too.

Guitar fire: My best advice is don't......Don't buy systems.....and don't trade until you have more of a background. You are sure to lose money and on top of that, because you did not learn to develop your own system, you will not have advanced your understanding of the markets. Instead, put...

No, I just mean that the high or low of that bar exceed the previous bar by 1 tick. Over a period of 30-60 days that setup made money, using a 2 pt stop. There are others. One simply has to look at the price action. It can be done with Excel or manually if you have lots of time. Simply go thru...

Buddhatop: Thanks for your kind inquiry. I am glad to share an example with you. I found that for the DAX for instance, that over a 30 to 60 day period, it was profitable to enter long or short after the sixth bar (5 minute bars). With the help of a fellow trader, I developed a couple of...

Peter: Thanks for your kind comment. I hope that this post adds value Good Luck with your trading.

I have read all the previous posts and want to offer a comment. Most indicators do not add value because they are derivatives of price or volume. The only way that most of these indicators can add value is because other traders are using them. I think the best indicator is how price acts when it...

By the way, once you find a way to handle this problem you still have to determine if your method (your system whether discretionary or mechanical) is profitable. If you find that you are having problems with that part of your trading, I advise you to become familiar with some method of...

I've done the same thing with one adjustment that seems to work for me as follows: In preparation for the next trading day, I take the following steps 1. I analyze the previous day's price activity, noting the opening range, and any breakouts that occur in the first hour. 2. I characterize...

Guys: The folks over at IB (the ones you and I get to speak with) do not (usually) have a clue. So they tell you whatever they want to, to get you off thier back. The person who really make the decisions at IB is so insulated from our comments, and is making so much money, that they could...

Maverick: I read your comments about quants with interest. I am sure there are many examples of quantitative program traders who have screwed up. I'm a mechanical engineer by training. When I work, I have rely on math, and so I do have to confess that bias. I think what happens in finance is...

I know its off subject, but I have to mention that 41 year old Doug Flutie almost single handedly kicked Minnesota's ass today. Sorry couldn't resist.

Hello Dollars: This isn't my first day in the game. MOST of the time, when I lose it IS my fault, or it is just random chance, but there are folks who do have an edge and they take advantage of it. Have you been keeping track of all the fund guys who are being charged for crossing the line...

Trajan: This is one way of looking at IV. Another is the mathematical expression of "persistence". Vol has a way of staying at a level for long periods of time (you probably know that). My comment is simply, if you (or anyone) decide to be long vega, you are going to be subject to theta (rent)...