Day-Trading 2.0 for small traders

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Thank you jjrvat for starting this thread,

I love what you are doing and your method. Of course, we are all individuals and tweak we will. Hopefully, I have something positive to offer to the efforts put forth by you and others who post here. We are all learning and discovering; just the way it should be. Those of us here are on the leading edge of trading.

Below is my morning (2/8/08) chart of trading the NQ, comments welcome and appreciated.

Shel
 

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Quote from Tomaz26:

Thank you very much. 1000 pages, damn I must take a vacation now to read all that. Will do my best.

Btw TRO is there any free charting software people could use your indicators? I only know of stockcharts and bigcharta and I only have account on Etrade and ThinkorSwim but none of those 4 mentioned have any of those do it yourself indicators like coloring the MA and other stuff. Is there a way for a small trader to use this functions? By small I mean I have a 10k usd account and really cannot afford to pay 1000 USD for some Metatrader or others,..

thanks

Tomaz
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Hi Tomaz:

That's the reason I started coding in MT4 - so my friends could have free charting.

www.metatrader.com
 
In a previous post you said max stop is 7 pips. Yet you are just averaging 2 pips profit. You must have a very high win rate. anything under 80% is basically breakeven.No?

Quote from TheRumpledOne:

Today, I wasn't feeling well, so I was entering/exiting trades for a 2 pip gross profit.

I left a lot on the table but I didn't care.

I took what I could before the market took it back.
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hey rumpled one...........i really enjoy reading anf benefitting from your great wealth of info about the markets..........please do us a favor........DO NOT GET BANNED FROM HERE..........I AM RUNNING OUT OF PLACES TO READ YOUR INSIGHTS.......THANKS IN ADVANCE..,,,,,
 
Guys,

If you are looking for a free carting platfrom, ninja trader is one ofthe best. It is free for charting and demo trading. It is .net platfrom so you can code in c# should you need any custom development.

Regards,
redduke
 
Quote from StillStanding:

In a previous post you said max stop is 7 pips. Yet you are just averaging 2 pips profit. You must have a very high win rate. anything under 80% is basically breakeven.No?
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Yes, a high win rate.

Making 2 pips should be simple.

The range of a 5 min candle is usually more than 2 pips.

Just a matter of buying low and selling high.
 
Quote from larrybf:

hey rumpled one...........i really enjoy reading anf benefitting from your great wealth of info about the markets..........please do us a favor........DO NOT GET BANNED FROM HERE..........I AM RUNNING OUT OF PLACES TO READ YOUR INSIGHTS.......THANKS IN ADVANCE..,,,,,
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Thanks for your kind words.

It's never my intent to get banned but STUFF HAPPENS!
 
Hey everybody, this is a great thread.

Can we please try to stay on topic.

I don't think anyone is intentionally trying to derail this thread but it's getting a little "noisy".

Let's show jjrvat some respect.

Thanks.
 
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The jjrvat indicator should make this a "no brainer".
 
Quote from TheRumpledOne:

The jjrvat indicator should make this a "no brainer".
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What's the jjrvat indicator? I don't see it here on the thread.

Also in one of his first posts here where he talks about the LT rainbow jjrvat says that "you use Horizontal and Vertical Grids to trade." Can you explain this?

opm8
 
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