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It is my understanding that the Heikin-Ashi technique is designed to make candlesticks easier to read. But when I change my chart over to Heikin-Ashi, the actual OHLC data changes. Why? Assume you're using 1 day candle charts. Doesn't a stock open at a given price on a given day? Why...

I figured it wasn't new. Intuitively I think this would be more beneficial than a strictly TI based system. I need some backtesting software and to learn how to code :D

Most introductions I've seen to TIs say "when the indicator does x, buy. When the indicator does y, sell." We all know that doesn't work profitably over time or everyone would only use one indicator and it would be called the Holy Grail indicator. I've also seen websites that say to look...

Choppiness indicator. QuoteTracker has it but I've never seen it anywhere else. edit - obviously it's a lagging indicator so it doesn't tell you how choppy the market is going to be.

Because I think someone said that a system should work on all timeframes. That being said, I have one that works decently on 3 min candle charts. On 2 and 5 min candle charts it starts to do poorly. I just tried applying it to 30 min, 60 min, and 1 day charts, and it failed miserably. So...

Generally speaking, should a system that works based on a chart with candles of x length of time, should it also work on chart with candles of y length of time? So if you have a system that works on 2 minute candles, should that same system also work on 5 minute candles, 60 minute candles, 1...

Do I have to code them myself there?

I can get both of these on QuoteTracker, but I want to look at them on the daily candle charts over like 6 months or so, like what you can do at stockcharts.com. QT only lets me view up to one day at a time. Does anyone know of any charting sites that provide these indicators? Thanks

Really? Anytime I have a losing day trade I don't touch that stock again for 30 days because I don't understand and am afraid of wash sales.

How have you "placed in the top 15% of all students for the past two years" but also have a "D average?"

^ Thanks for the reply. So is this considered scalping? I really thought scalping was going for 1-2 cent per share profit per trade and making 100s of trades per day. Direct access means you bypass the market makeers, right?

Your daily stop loss is ~10% of your account equity?! Isn't they typical rule if you're down 6% for the month to stop trading for the rest of the month? Not 10% in one day.

I use Scottrade which has Gainskeeper on its website. However, if I start doing a lot of intraday trades I'm going to switch to another broker that is less than $7/trade.

Bump for "true scalpers" to reply?

I know what the rule is, I just want to know how much of a mess it's going to be if I trade the same stock 5-10 times a day... every day. :eek: Some of those (half-ish) will obviously be losses. I don't know how the scalpers do it.

But with multiple wash sales, even if it's only affecting your basis, wouldn't that get downright impossible to computer after a few wash sales/day for a few days? I want to get this figured out before I jump into making mutiple trades a day (assuming I lose money on the first one).

Profit. You have more now than you did at the open.

Monday Morning - buy 500 xyz for $20. Sell for $19. Noon - buy 500 xyz for $20. Sell for $21. Afternoon - buy 500 xyz for $20, sell for $19. Tuesday Morning - buy 500 xyz for $20. Sell for $19. Noon - buy 500 xyz for $20. Sell for $19. Afternoon - buy 500 xyz for $20. Sell for $24...

So it's correct as it is. Thanks. I figured there was a reason.

bump?