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HispaTrader, Have you tried using Fibonacci retracements? I've noticed that often the retracement levels are spot on.

Hi persama, As you're using this as a trend continuation pattern, what method do you use to determine if a trend is in place? Just a simple moving average or something more complicated?

I want to setup a chart with a couple of moving averages of $TRIN. I want to only have the moving averages displayed and make the underlying data ( $TRIN ) invisible. Is this possible? If so could someone point me in the right direction? I'm using advanced charts.

Great. Many thanks.

Can anyone who has developed a trading systems using the eSignal EFS language comment on the following; 1. Would i be able to access multiple time frames. E.g. i could code a system that required access to hour bars and 1 minute bars 2. Can i apply an indicator to to another indicator...

You're right, they probably wouldn't as you're seen as over educated for the job :)

I think this time around MSFT is going to get the Xbox2 to market quite a bit in advance of the PS3. Will be interesting to see if they can get more market share.

It's enough to day trade a futures contract like the eMini S&P but you'll loose it all very quickly unless you have a proven strategy with good money management rules.

SethArb, When you say adding more indicators do you mean looking for confirming divergence in additional indicators like advances / declines?

Yeah i guess the market conditions that don't work for me are great for others. Maybe i should have a system for choppy conditions also. The system i'm working on is an automated program trading system, so it always has bracket orders ( stop loss & target ). I'm just trying to filter out bad...

Thanks for the info. I'll give the directional volume idea a test. Are you using an indicator from a data service or calculating it yourself? I tried a similar technique with the TICK - trying to avoid trading when it was just floating around the zero line but i think the volume method is better.

Probably trader with huge resources wanting to make a load of cash. I haven't seen the chart but my guess is that it happened near a swing pivot. Probably took out a load of stops and then drove the price back up. Happens all the time on NQ

Hmm, seems the special was bad as they came back and sold :)

From around 11am to 2pm today the ES was in a fairly flat ( 1 to 2 points ) trading range. I'd like to try and avoid trading at all during these kind of ranges. I've read lots of times never to trade during lunch ( from 12pm ET to 1pm ET ) but todays range was far longer than one hour...

Ouch. I'm currently just trading 1 ES contract (mini ) and i'm making on average 5 points a day from 10 round trips. So that's; $250/day - $48 ( commission ) - $60 ( tax @ 30% ) = $142 Then there's data/software fees which aren't a lot in the big picture but still take some more $'s...

Yes i've seen them but i've been hesitant to change as often cheaper isn't always better. Also i use API based trades and IB seems stable in my experience. I'll look into the other firms. Thanks.

Are you paying less that $4.80 for round trip?

I'm currently averaging around 10 round trip trades a day on the ES & the cost of this per month is around 10% of my profits. I'm with IB who are competitive with commission rates. Are there any brokers who would offer lower commission rates for the amount of volume i'm trading? Or is this...

NeoTicker RT with eSignal data feed. Works great for me.

I've been using NeoTicker for a while now, and in the latest version they have a simulator than plays back tick by tick historical data. I think it works really well. *Almost* like the real thing :)