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You notice price traded thru bottom of megaphone. Next trade i would be looking for a reversal back up towards the top of the megaphone, but it may not go far. possibly going long around my exit of the third trade. I just don't have time for any more trading today. I will see what happens in a...

Here on 12-20-2016 another three trades off another megaphone pattern. First trade net $162.50, second $75.00, Third $50.00 per contract. Commissions not deducted. Maybe someone will get some ideas on ways to trade megaphone patterns??

If you are being truthful then: 1) you have something that is working well. 2) you have a passion for trading 3) you have alot of anxiety Anxiety is imagined fear. Accept it...embrace it...don't fight it. You cannot control it or beat it into submission. Acknowledge and accept it then...

Forgot to add the $50.00 and $200.00 profit are profits per contract. Commissions have to be deducted for net profit.

Here is an example that took place this morning Dec 19-2016 of what i wrote about in my post #33. Maybe it will help someone or it may start an argument..who knows..LOL. I took me abit to draw and write it up so I missed the reversal back up that followed. The chart isn't the clearest as i...

Depends on the size and efficiency of ones brain! ROFLMAO

Megaphone patterns or expanding triangles are reversal patterns. So, they generally should be used in that way. For a megaphone top you look for a break of the bull trend line THEN a test down to, or thru the MA, THEN test of the extreme prev high and then a bear setup. On megaphones the test of...

How about smashing 20k tomm? Its probally a done deal.

The best way to handle them is to avoid them. The markets are filled with uncertainty. If i think a trade i am looking at taking will have two legs to it then i will take profits after first leg before or right when p.b. starts after making the first leg. Then if i am right and after p.b. the...

just2trade dot com check them out. Low commissions. Can trade etf's. Must maintain 2,500 in account. Call to see if they allow a canadian citizen to have an account. I know they do for other countries. If your are, say an american, with residency in canada they may or may not. Not sure. Same...

In general terms, you really can't until margin you use your initial cash. As long as your initial cash is still there, and available, then your broker will use it on any position you take. However, if you are day trading and use up all you initial cash before settlement date of previous trades...

Many say the market cannot be predicted. How can you plan for some 100% unpredictable? How can you plan for something that had so many variables in it that they cannot be counted or even known by most, if not all, traders? Why not just go with the flow? Go wherever the market takes you like a...

Jesse broke his own rules. We all do! If we blow out it depends on when we broke our rules. The situation determines whether we blow out or just have a substantial loss. For sure, the amygdalia can mess one up ...big time ...in trading, however, the flip side of the brain is the power it...

Jesse might have come close. He wasn't very educated. He crushed the bucket shops! He started with little money! LOL. ROFLO

thanks!

Can you give some specific recommendations. What courses and ebooks? What language? Python? Vb? Other? For some time i have thought of doing this but am not really sure where to start.

any suggestions where to start?

roflmao

Is manual check writing dead? No. banks still give you checks if you order them and businesses and individuals still use them. Many, if not most, HFT firms are trading at the nano second level. That is their battlefield as the fight each other for tiny profits based on the concept of huge...

Lol