Search results

  1. W

    Do folks like TDAmeritrade?

    AMTD is great for investing and swing trading i get $3 flat fee per trade, and free S&P reports, and various other research tools. also free level 2, etc. it would be terrible for daytrading, since it is not a direct access broker. if you want to trade the book, USE ib personally, i...
  2. W

    Technical Analysis Doesn't Work

    "The consideration of Price action, free of all indicators or other philosophies mentioned above, is not included in the definition for purposes of this thread" well, ok. but technically speaking, you are just railing against the efficacy of certain kinds of technical analysis ALL studies...
  3. W

    Monday ES outlook

    you apparently have some difficulty with reading comprehension i said i am not criticizing him for USING them (at all) ... i am criticizing him for making a TRADE DECISION solely based on them deal with reality. 90% of traders lose money in futures. it is amazing how many of them rely...
  4. W

    Monday ES outlook

    lol riiiiiiiiiiiiiiiiiiiiiiiiight
  5. W

    Monday ES outlook

    "Whitster, just one question: you look at the advance/decline of the previous day?" i look at intraday breadth when trading intraday (which is how i make my income) trading futures, but i also have a frame of reference wherein i am looking at on a daily basis. for swingtrades, i look at...
  6. W

    Trading Coaches - Good, Bad or Indifferent?

    when i was beginning, i worked with a trading coach. it was helpful i now am a trading coach i am helpful so, my answer would be "good"
  7. W

    Monday ES outlook

    an alternative .... well, personally on a swing basis i use COT reports, support and resistance, sentiment, VIX, Adv/Decl (breadth in general), intermarket comparisons and market profile levels. none of these are arbitrary. oscillators are arbitrary. they apply a formula to a series of...
  8. W

    Monday ES outlook

    i'll flame... :l using frigging oscillators to make trade predictions (especially in the ES) is ridiculous.
  9. W

    No curbs yet???

    i know. this is one consistency among myopic retail traders. is that (to borrow an adult learning term) "recency" is everything. we are in a relatively low volatility environment, although we have seen volatility expansion thus... a loss of 100 pts is seen as CURBworthy? for pete's...
  10. W

    Do any daytraders here use ATR to set their profit taking?

    i do. i always note the ATR in the futures contract i am trading. i look at ATR on various timeframes to match profit targets on various trades of different timeframes. volatility cycling is much more predictable than price after all the best thing is it objective, so it keeps emotion...
  11. W

    confused about where the futures stand tonight....

    the futures sold off immediately post cash close. that is BEFORE the settlement time, so of course the selloff was not reflected in the afterhours # (which is calculated from the settlement point as reference) for pete's sake. futures 101. the settlement price is calculated AFTEr the...
  12. W

    Hey daytraders, What advice would you give to a swing-trader?

    "The same methodology you use for swings can probably be used for daytrades (not scalps) so long as you keep an eye on support and resistance levels, and keep fundamentals out of the equation." personally, just fwiw i frequently use fundamentals when swing trading. sector, management...
  13. W

    The 1 ES Point REALITY

    can they collect from you? of course. if you are not severely overleveraged, i doubt you are gonna get TOO much slippage to wipe you out, ASSUMING you are not overleveraged.
  14. W

    Trading with Market Profile

    i use Interactive Brokers for MP (investor RT) it is FINE for market profile purposes it is not real tick by tick data. for that, i use tradestation. but MP does not need real tick by tick data (iow, the exact # of shares on each individual trade and the exact # on bid vs. ask). IB...
  15. W

    The 1 ES Point REALITY

    exactly well put.
  16. W

    The 1 ES Point REALITY

    again, typical posts by retail traders. ANYBODY can make 1 es point. the issue is - WITH HOW MUCH RISK. professional traders manage risk. retail traders just think about how much they can make. it is a complete loser mindset to think this way. and that's why professionals take money...
  17. W

    Trading with Market Profile

    i do not give away specific setups to non-clients. that's a longstanding policy. i can speak in generalities. i use market profile on several timeframes. i also primarily use a volume based market profile instead of a time based one. technically speaking market profile is a...
  18. W

    How about that little squirt up in the last 15 minutes

    no offense :l but manipulation is a loser meme to explain price action that confuses or goes against you only one thing moves it up - demand exceeds supply period it's only "manipulation" when you can't explain it, weren't in the move, faded it and got blasted, etc.
  19. W

    Trading with Market Profile

    i don't consider market profile a TRADING SYSTEM. it is a charting system and a way to put price action into framework. it complements classic (bar or candle) charts. but if you are looking at it as a trading system to provide signals so to speak, i think you will be disappointed
  20. W

    Trading with Market Profile

    ok , i think i misunderstood you. i thought you were looking for a TRADESTATION program to chart market profile. in retrospect i think you mean a market profile charting program LIKE the one above for tradestation. i use investor RT for my market profile. it runs about $60 a month with the...
Back
Top