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again dtb... all the strategies revealed here are already revealed in any good book. Try any good book written before 1999. This way you won't be getting some "guru" who had it figured out... since Oct 1998. Any one of those books re: Level 2 and the Ax was written after Oct 1998 I guarantee...

Right on as always Profit. There is a group of guys whose posts I search for because of their excellence. You are one of them, and so as not to offend anyone...I won't mention any others. I know we posted elsewhere about the simplicity of trading and I fully believe it. I think my method is...

Recently, I had some daytraidn ides that I wanted to try so I subscribed to TS6. It was a smart move. Not because I made money, but the education was way more valuable. Not only did I realize that I don't care to daytrade, but I learned some caveats. Oe of those was what you referred to WD...

Great point nitro. Great point and absolutely true. I am laughing out loud at my oversite. And one of the reasons is that previously I have concluded the same, from personal experience. The one thing missing from papertrading is focus. Jeez man, bullets, IB, the pairs trade, and now this. I...

4Alpha, nice post. Excellent summation. Understanding the derivation of an indicator is key to using it, then you will understand what a stochastic is saying when it reaches overbot levels but price continues to rise. One could easily argue that a price chart alone is an indicator...

There is nothing on this thread or any thread that I have read that tells you how to trade in any way different than what isn't already written in a book. There are two exceptions...the opening orders and bullets. Other than those two methods, everything here is a rehash of already thoroughly...

The original question is how to determine when the market is going to trend and when i its going to chop. The market does not chop 90% of the time... or if it does I would like to read that study myself. The ADX is supposed to tell you when a trend is developing, and to some degree the...

I must subscribe to this thread to see if anyone comes up with some solid answers. As always Profitseer is right on it. That is the last piece of the puzzle for me.

I saw a lot of stox do that on Weds. I have the same daily data, but the shorter time frmes all have 37.95 open and .96 as the high. I'm using QCharts. Thx for point this out. QCharts will correct it for us. That's hard for me to say about the reversal. I interpret that by looking at...

Nice observation. Interestingly the monthly chart has come in to play over the last year. While it doesn't effect the daytrade scene, it is still very, very interesting. You might want to read the articles by Thom Callandra at CBSMarketwatch.com that he wrote last week. Specifically the ones...

I always respected the knowledge you guys have, but having read thru some of the threads, and just looking at the last posts by you metooxx and rs7.... that's just incredible. I feel like Lucy leaning over Schroeder's piano asking him to play "Jingle Bells". You know the scene... ...

Kymar has it memorized and programmed on TS...are you kidding me. That is the classic, if you will; and since all patterns are nothing more than a graphic or quantified representation of human behavior and human behavior repeats, the methods outlined are valid for daytrading. You will...

Poor guy. From the kettle to the fryin' pan my grandmother used to say. :)

Thanks for the education guys. I really appreciate all the valuable input. Now I know what a haircut is. Although it is out of my control, so it is knowledge that will not effect my trades. And it seems to me that the cost of doing business on the downside whether paying the spread on the...

Hopefully it is the best yet. I have just wired some money to them because a couple of gus I respect here recommend IB for NYSE fills. Tradestation sure seemed slow..at least slower than Cyber.

Now there is a term that I have seen and know nothing about outside of the barber shop. Man, you hang with options guys and it's a new world. :)

As I recall, I don't think you earn interest on the proceeds from the short sale.

You can have the best tools available, but if you don't use them properly your project will still turn out bad. The answer to your question is simple... improper application of any one of the tools you mentioned, as long as you indeed have a great trading plan, sound money management plan...

If you don't know where you want to go...you can't make a plan to get there. And of course, my signature...

Thanks for the recent responses guys. I have looked at that aadsoft site. I actually downloaded the software but couldn't figure it out. Maverick... when I short a stock I have to pay interest. And the NYSE stox I trade pay dividends which then I must pay also. So when I read the synthetic...