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Well you could use either an index or the ES which is the S&P futures. Then use / add the RSI which is an indicator in Ninja Trader. Then set it to where you want it to give you an audio alert. I also use the Price alert in Ninja Trader to alert me to when a price level is reached. The RSI...

For the March ES, looking to short 1255.25 if it gets up there.

Was trying to pick a bottom in CL and not waiting for candle confirmation or my indicator confirmation. Got stopped out. Also, then decided to reverse short and of course got stopped out. Then I go long with indicator confirmation and candle confirmation. As market starts to go in my...

No one here is going to give you money without a track record. Lot's of systems with with sim money can make money in the market using back tests, but fail when going live. If you guys are really that good, just get a job working for Goldman and save up some money on side until you have...

1) If already know how to trade $ 5,000 is enough. If you kind of know how to trade $ 10,000 may be enough. If you don't have enough money, stop wasting your time and money trying to trade. 2) Spend your time and money finding a job, or on more education to get a job. 3) If you...

I don't think you can do a perfect hedge, but lets say you are unsure of the direction, so 1st you go long one market. Its not really moving, you go short another market. So one of these positions starts to move, you close the losing trade, and hopefully make more on the winner. I have also...

Most of the black boxes make money do to other events. For example being able to pay for a 1 second look at incoming orders. Being able take orders away from other traders by increasing or decreasing amount paid by less than a penny. Having servers co-located at the NYSE. I don't consider...

Looks like standard sell on the news and profit taking after being up the last couple days. TA works better for day trading then FA. For example, you need to be invested over a long time in a drug company that is waiting for FDA approval to get a good payoff.

Well, even though I did not ride with you short, I made money on the bounce. Now in retrospect, I can see how the longs were trapped when the market fell. I actually was one of the longs that got trapped, but only got hit for 1 tick. I then saw places where I thought the market could bounce...

Wow, all of the advice that you got was stupid except for the person who told you to not trade options on stocks below $ 20/sh. The obvious answer is to examine the company itself since you now own 400 shares of it. After that, you make a decision to keep the shares or sell them.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=202030&perpage=6&highlight=element&pagenumber=26 Here is the thread about them.

He does not seem to want good advice, but I will give some anyway. Take out $ 60,000 out of your account right now and put it in a checking account. This money is to be used to pay for school. Do it RIGHT NOW! Now, you just got rid of all of your psychological problems. Now, go back...

Kind of same issue, 6E and CL were going down, but ES was still way up. Kept trying to pick bottoms in 6E and CL and getting stopped out. Finally, pick the bottom. I take one scalp for a profit and get out. Watch the market, then decide to go long for a swing. As market goes up, I move my...

CL is open Sunday, and you know I am trading. So for some reason even though my plan was to trade with trend today, I counter trend trade a few times against the CL market by going short and getting stopped out plus moving my stop for an even worse loss. Finally, realize my mistake in...

The problem I see is noise and commission. For example, most instruments especially ES don't trend in one direction in a straight line. They may continue to move up and down while forming a candle. The up and down movement of forming a candle is meaningless, and only after a candle is formed...

Another issue is like this with guns. Its hidden from the public, but some guns will automatically shoot. I do know of one letter sent to gun owners of a model of hand gun, where the safety did not work, and it could still fire. So you may hear of accidents where a gun owner shot himself...

By the way, CL and 6E are still trading now. For some reason I have an upward bias to CL, and did not take a decent short setup. I did finally wait for and take a scalp long on 6E, and made profit. Markets are ranging a little right now, not strong volume.

http://news.yahoo.com/debt-panel-poised-admit-failure-210257032.html ES broke down to new lows due to debt panel. However, no reason to chase it down with a short order. However, I have a bearish bias on 6E (EUR/USD) Dec contract. I am not sure when I need to roll over this contract and...

I agree. Some stocks I watch only trade a few pennies a day, so only worth swing trading them. However, some futures I watch can move 20 ticks in a few seconds, but you still need patience to wait for a trade setup.

They have a manual? :-)