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  1. lindq

    Let's play "teach IronFist how to use volume in his trading" (lots of pics)

    Then why don't you write an entry rule from that chart that uses volume and share it with Ironfist? The rule needs to show at least some positive return in backtesting. Short or long. My challenge to you is that you can't.
  2. lindq

    Let's play "teach IronFist how to use volume in his trading" (lots of pics)

    There is nothing that volume tells you that isn't already revealed in price levels on short term charts. Look at any volume study, including that on your chart, and you will see the point. I dare say that you could take any candlestick chart and draw your own volume moving average from your...
  3. lindq

    Let's play "teach IronFist how to use volume in his trading" (lots of pics)

    The only time I've ever found volume to be helpful is to confirm capitulation or euphoria on daily or weekly charts. Intraday it is useless when trading indexes. An intraday volume study may seem to leave tracks in hindsight, but IMO as no predictive value.
  4. lindq

    McCain ad says Obama snubbed Clinton in VP pick

    If you put it that way, then Obama just made a very bad business decision. Putting Clinton on the ticket would have given him a free pass to the White House. Now he's got a real fight on his hands to get even close. And I just love the way the Dems are spinning Biden as a man of the...
  5. lindq

    Any Advisorys Services Profitable?

    LOL. If someone is seeing more risk in their trading than in their advisory service, then what the hell are they doing offering trading advice? While there are always exceptions to every rule, a good rule to keep in mind is those that can't, teach. And those that can't trade, start web...
  6. lindq

    Any Advisorys Services Profitable?

    However, anyone considering an advisory service should be extremely suspect for at least two reasons. (1). A good and profitable trader is simply unlikely to engage in a service promoting his calls. Why does he need interruptions in his trading day, and the good chance that his "systems"...
  7. lindq

    Is the retail daytrader an endangered species?

    I have very specific entry points based on price levels and time, and every entry is accompanied by a hard target and stop. I developed the systems through backtesting, trial and error. My average time-in-market is about 20 minutes. Others will tell you that they fly by feel, trading...
  8. lindq

    Is the retail daytrader an endangered species?

    I traded equities for 5 years. Paid my way, did fine. But a year ago I moved to index futures. And I've found that much more rewarding, more profitable, and a lot more enjoyable. Different strokes. But if someone is stuggling with equities and still has a decent skill set and the...
  9. lindq

    Is the retail daytrader an endangered species?

    ER2 is more volatile than ES. Faster moves. Both ways. IB (Interactive Brokers) would be a good broker for you. Easy to access your stocks, as well as all futures contracts. A good starting point for a futures newbie is to go to: www.collective2.com Pull up a few futures traders...
  10. lindq

    Is the retail daytrader an endangered species?

    Don't touch Forex. A sucker's game for a retail trader. Much easier money to be made in index futures. ER, ES. Start small. Use tight stops. Get the feel for it. Trade what you see on the charts. Price action, support/resistance. Don't think, feel. No entries after 10:30...
  11. lindq

    Betting on higher interest rates - how?

    I'm looking for a good instrument to place a 12 month bet on higher interest rates. Nothing too esoteric. Something I can access on IB, for example. Advice from an EXPERIENCED user appreciated.
  12. lindq

    What's your fav restaurant stock - pick from my list of 77

    Excuse me...while I run to the bathroom.
  13. lindq

    Gm Volt

    Full page ads in Wall Street Journal and Barrons to promote a vehicle that can't be purchased. What a sad commentary on this once powerful U.S. company that they're reduced to spending valuable marketing dollars on hot air and promises. If ever a company deserved to fail from decades of...
  14. lindq

    Military Industrial Complex

    Our problem is not so much the military/industrial complex as it is the MILITARY - INDUSTRIAL - GOVERNMENT complex wherein every senator or representative is guaranteed lifetime employment by defense contractors. The revolving door just keeps revolving and revolving, and we keep paying and...
  15. lindq

    Index futures vs. Leveraged ETFs

    It depends on what you want to do with the account. If you want to free up cash to trade other instruments, then use the ES and just roll it over every 90 days. If free cash isn't a need, just stick with the SSO.
  16. lindq

    I need historical data

    http://www.anfutures.com/datasvc.htm
  17. lindq

    What are you ER2 fellows doing...

    What's up with ICE and IB regarding ER2 ?? Do you not currently have plans to have data/trading through IB? Yikes. I make my living trading the ER2. :confused:
  18. lindq

    A Traders Dream Car (w/screen for charting too!)

    Whatever. It's ugly. And Japanese. Would you rather pick your date up in this, the Ferrari 599 or the Porsche GT3? Sayonara, Jack.
  19. lindq

    scalping

    You're willing to lose 10 cents to make 5 cents? Duh...you do the math. Your win/lose ratio will need to be very high to even break even after expenses. And the idea that scalping is "less risky" is a myth. You'll simply bleed to death slowly instead of quickly. :(
  20. lindq

    Futures 7/21/2008

    I had a movement this morning. And I hope to have another tomorrow.
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