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How do you like it? What other things can you do with it?

Does anyone know of any free trading filter software? Looking for something that can scan stale bids/offers (you can adjust what size to scan), imbalances, and etc. Thanks.

so are we going to see wider spreads?

It's now illegal to do naked shorts but does this effect prop firms? Can they still short?

I'm talking about equities, I also traded the S&P 500 Futures index for over 1 1/2 years.

What's the liquidity like trading the European markets?

Good trade if you're still in it. I would've got out at 275 around 10:50.

That is correct but going from 1 to 2 contracts is a big deal. That's double your losses when your wrong. People might not be mentally ready to handle that. That's a strategy I use but it can't be done on 1 contract. It's easier said then done to just trade 2 contracts when you...

That could be a good trade. There's an up channel and 76.50 is touching teh LTL. You have to be careful though because when it broke the LTL, usually you can have a very quick break out bar. It broke it and then came back in. I can see it going to around 72.50 before going back up again...

That's the most important part right there. You have to be confident to be a successful trader. Their can't be any doubts or then you start to contradict yourself. Confidence is key.

Just curious, where do you plan to be stopped out? (Hopefully it doesn't happen).

Oh I totally agree but you know what, I'm sure you're only trading 1 contract lots. Yea you can take those chances. When you're trading a lot more contracts, you need to watch the amount of trades you take. All you need is 3 trades a day tops and looking for 3 very high probability trades...

Yea you're right, I do try to clip a small percentage each day. My goal is 2 points on 40 contracts a day. That's miniscule compared to what the ES does. But guess what, 2 points a day on 40 contracts is 1M dollars a year.

Well if this current 10:10 bar closes above the previous bar. You just got yourself an up channel and you can be in big trouble.

I totally agree, this is total BS.

You do realize you have a lot of factors against you. A short is not a good idea. You got 1) fill the gap 2) over sold on the RSI and etc. type of factors.

While you wait for him to respond, I use QuoteTracker for the PRV tool.

spydertrader- Thanks for the quick response. Dealing with rockets, stochastic has two lines %k (upper line) and %d (lower line). For going long over the 80, does the upper line have to cross 80 or the lower line (along with being .40)? The same as for shorts at 20 (-.40) which I'm guessing...

Don't get your hopes up. It's not going to be as easy as you think. There's one IMPORTANT eliment in trading that people have trouble controlling, EMOTION. Now, this method is suppose to take emotion out but it's hard to control at first (espcially if you never traded before). We're human...

I had this posted in the Futures thread but I was told to post my question in the Equities thread. I have a question about Rockets. On the MACD tool. What are we using to distinguish the .40 / .-40? MACD has lines and it has bars in the same chart. I'm guessing the short line on MACD...