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    question about sierra charts

    This is a very a very solid middle of the road option. I use SC and there real time data is reliable. Although I'm sure CQG and other packages have advantages SC is good value and gives you lots of capacity. Certainly more than the limited amount I require. Post your needs on their noard...
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    PRICE ACTION vs BACK TESTING

    It may very well be to soon to tell anything from it but I consider it interesting that no one has stepped up to say that they trade price action profitably. Anyone care to tell us that they trade PA profitably?
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    leaving a paying job to day trade-experienced day traders please help

    I am curious as to what traders experiences have been like in these markets. Of course I'll do some research before I ever trade any of them but if adadadog and/or others can comment about liquidity, range, tick size, commissions etc. I would appreciate it.
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    Madoff Cohorts

    We could use a few more people with the manners and common sense (and healthy enough ego) to do what bit did in seven simple words. I don't want to make to big a thing over it but this is really they way bright people should treat their minor errors and other people.
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    Any reason not to trade 6E over EURUSD?

    I'm fairly new to trading but I did at least basic homework before making my first trades. You can certainly get off the size you are talking about (2 to 3 contracts) during regular CME session hours on 6E and before 11:30 AM (London is closing then) you can get off three or four times that...
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    leaving a paying job to day trade-experienced day traders please help

    Yes ... common sense, the law of gravity and the sun rising in the East are still all the real deal. Yet Shreddog, I think even a cursory rereading of my post should inform you that I am decidedly not suggesting that anyone, no matter how smart they think they are or how well educated they...
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    leaving a paying job to day trade-experienced day traders please help

    I accept that trading is hard and 98 or 99 or 99.5% of those that give it a serious try do not make the cut. I also accept that on average it may take years too be consistently profitable. But could the imbeciles on here who pontificate that it wll take you three years, four months and...
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    Which futures firm do you use and why?

    OT I can see that what you say has experience, logic and good common sense behind it. EXCEPT ... ThinkorSwim makes no distinction between day trading and holding contracts overnight -- none. Clearly they are not seeking to corner the day trading community. Whether their ultra-conservative...
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    PRICE ACTION vs BACK TESTING

    I have read Al Brooks Bar by Bar, a number of Joe Ross' books and various and sundry price action treatises. I think Al's book is great ... I just wish he had written it in English. I also read traders here who believe unless it is back tested it is not just worthless but is so...
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    Traders Library, books,papers etc.

    I'm new to trading and do not have a link to offer. But the minute I find something that makes sense I will post.
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    Trading is hard, very hard, damn hard

    This may sound crazy and, in fact, it may be crazy. As I attempt to learn this very confusing and difficult process of trading so at the end of the day I have produced a net gain it seems to me that in subtle ways you have to continually decide if you want to be right or you want to make...
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    BAR BY BAR -- Al Brooks

    I am curious as to what two prejudices you believe he has failed to put aside. Trading related or political or life view? I COMPLETELY subscribe to your views on the writing, editing (if there was any) and charts. It's hard to take when a guy has things to say that I need to hear.
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    The 15 minute chart

    Do you use a different time frame to trade the open or do you consider the pre-open action as part of your setup. Can't imagine you would give up the first hour of trading with only four bars to look at.
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    I think I'm done trying to trade the ES

    You need to find a market that has a much better daily range in terms of ticks and slippage... CL for example (crude oil) regularly trades 150 to 200 ticks between the low and high of the day, and average slippage is around 1 to 2 ticks, plus .5 tick for commissions. Therefore, the total...
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    Professional Trader - Ask your questions here for the next few days...

    If you are not posting under the guise of helping me or others than my post was not about you. I accept that it is not all about me but it is also not all about you.
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    Professional Trader - Ask your questions here for the next few days...

    Given that I am a relatively new trader I do not have the experience to judge whether DH is a pro or not. Given that, I take him at his word. Those who do not take him at his word should simply ignore the thread. Most of us that are new to trading have enough life experience not to blindly...
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    Professional Trader - Ask your questions here for the next few days...

    It seems to be taken as gospel that the longer the time frame -- 60 minutes vs 5 minutes -- the "truer" the signals are. Yet when a novice has a small account he needs to trade with stops he can afford -- both financially and psychologically. I am currently trading a single NQ contract...
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    BAR BY BAR -- Al Brooks

    Many thanks for the heads up. My eyes are strained from dealing with the book's charts
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    BAR BY BAR -- Al Brooks

    Thanks guys. I think I will by the book. The good ones pay more than for themselves in a single trade. I am just trying to avoid spending on crap.
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    BAR BY BAR -- Al Brooks

    Just purchased Technical Analysis of Stock Trends by Edwards and Magee at abebooks.com....$16.95 -- used but still a nice price. I am also considering Suri Duddella's Trading Chart Patterns Like The Pros. The reviews seem great and they stress that he is specific as to entries and exists and...
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