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You know... starting a clueless rant to bash trading once every month is one thing. Now you start to inject your stupid view into other people's threads. And that is annoying. You need to stop. If you have something to contribute to the OP's question, do it. Or else keep your "you trade...

Ah... thanks for the explanations. Learned someting.

There is an E-Trade office in Hong Kong. You may trade local Hong Kong listed stocks or US listed stocks with them. They said their trading tools are the same as the ones in the USA.

I don't think that is the case. The exchanges (I assume you meant ECNs like ARCA) make their money by charging the market participants X cents per shares trading on their exchanges. e.g. I need to pay ARCA 0.3 cents per share if I buy/sell my equities through them. The costs add up when the...

This is my view. I stated it before (not sure whether it was in this thread). And let me re-iterate it: There are 3 "levels" of trading, if you will: Level 1: Beginners... trade WITH the trend. Identify a good trend. Buy on the dip (uptrend) and sell on the rally (downtrend). Dip...

Great title! Would you write me a "Forward" for this book? :) Good thing you practice. Soak up more drills. Come up with some reasons to trade. Jot them down. Look at the result. Then evaluate your original assumptions. You have more than 9 lives in a simulator. I did want to...

Correction. Sorry. I meant to say:RSI is not likely to go < 20 in an uptrend (until it is overly extended)

PO: There is no need to ditch the momentum indicators. They work for both trending and chopping markets. You just need to interpret the "overbought" and "oversold" areas differently. For a trending market (e.g. up), the mid-band (e.g. RSI 45 - 55) is the place to get long. RSI is not...

"Not having a strong fan base" may not be an accurate description. I think his writings draw some bipolar reactions. You may love him to death, or hate him to death. :) Someone posted one of his papers: http://www.elitetrader.com/vb/showthread.php?s=&threadid=203194 I can only say...

Here is a higher magnification chart: ES 100 tick. For YM (less volume), need to adjust the tick count.

Very, very good Grasshopper! I am very proud of you! :) Remember what I said upthread: Be friend with your Fib scribble. Draw from the morning low (around 0530, red circle) to the morning high (around 0900, light-blue circle). This was a mildly bullish day. At 1100, there was a slight...

No no.... no no! :) My advice: Dump the stochastics. Reason: Stochastics changes too fast from "oversold" to "overbought". When price is in uptrend, it stays in "overbought" for a long time. (Vice versa.) Stochastics is like a "on/off" switch. It confirms that you are in an uptrend...

Your config seems to be very similar to the one I built a few months back: http://www.elitetrader.com/vb/showthread.php?s=&threadid=195662 1. Perhaps throw in a SSD drive (for a little over $100)? 2. I use Intel i7 930. The list price is the same as i7 860 but the passmark score is...

After you have successively reviewed a series of your own trades over a period of time (let's say 4 weeks to 2 months), I guarantee you... that you will see a pattern of behavior emerged. You lost big in the same way. Or you got stopped out in the same way. (Hopefully you will find some that...

I agree with WF. You want to start small, and then gradually build it up. Looking at 10 charts simultaneously may be a bit much. Looking at one, on the other hand, may be too drastic. I would suggest to maintain 2 to 3 major ones. Not sure what you trade. But you said "fxstudent" I...

Yes I think this is normal. Because you are just starting out. You are trying many things that are new to you. You haven't come to a conclusion of what combinations work the best for your trading style and your trading account yet. The day will come that you finally settle down on a few of...

Also: Not all indicators are created equal. Some are relatively simple to calculate. Some require a lot more computions. For example: MACD is relatively simple. But Bollinger Bands... calculating the summation series of something-squared and taking the square-root... Calculating the BB...

Some comments: 1. Just the clock speed cannot tell the computing performance of the AMD or Intel processors. e.g. an Intel i7 processor, even at a lower clock speed, is much faster than a i3 processor. An AMD Phenom processor is much faster than an AMD Athlon processor. 2. Are 50...

See my annotations on your chart. 1. This was a mildly bullish day. The beginning was bearish, but it turned bullish. If you are going to make a long trade, you should do it at Double Bottom - about 9:45 am. (Yellow circle). 2. See there was a bullish run starting at about 10:00 am...

I see that you have Stochastics in your chart. Do you use Stochastics to make your entries? If so, how do you interpret Stochastics? What trigger your long/short?