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#539... and... #540 = ..... : )
leading
I used Metastock eod for a long time until I decided to make the move to real time charts. I always liked the interface.
When I first went to RT charts I started out with the Tradestion platform because you can just pay a monthly subscription price (the price was pretty cheap) if you open an account with them. The broker they were using at the time was HORRIBLE and I got stuck in some bad trades because of it. After fighting with them on the phone I decided to cancel my service with them. Since I was using their software on a monthly contract I lost the ability to log into the system and it cost me big time. I had wrtten alot of my own indicators and could not retreive them . I called customer service and basically they told me I was SOL...so my story is Tradestation SUX...lol...I think the broker has changed since then.
I guess it depends on what you trade and how often you trade it as to whether or not you can justify the price. I can lose or make what the software costs on any given day so to me it's well worth it. I think Qcharts has a deal where you can pay a monthly fee of about $100 for the software and $100 for the data so you could try it like that. I am pretty much stuck with it for a while because I have gotten used to it and have my set-up just like I want it.
Go sign up and log in here: http://www.elitetrader.com
They have alot of discussion on software, brokers, data and stuff and maybe you can find something that suits your trading stile. Some probably have free trials too.
Make sure you poke around in the forums too :)
I have heard that Sierra Charts and Mytrac data was a pretty cheap route for real time charts
Cap, Sonic
depending on your data provider it would be ES04Z or ESZ04
Cap...Watch that bad boy after the bell and you will get an idea about fading the initial knee jerk when INTC reports. Firework should be the order of the day. E*trade won't be the provider of futures data. They don't do futures
Sonic...good money management allows a trader to make just as many bad calls as good and still do quite well.
Gotta watch my post count. I am getting close already...lol
Let me know if this chart shows up...please
Sonic
I wasn't going to post negative but since your out I will. It looks done for the short term (days) Everything is diverging intraday.
Most all time frames are showing some sort of complete wave structure as well
The market is going to sell the after hours news if it doesn't let off some steam.
It will probably get bought back up but I have seen this too many times. The buyers are too giddy.
Out of the ES trade @1121.50 and staying flat thru INTC ah report (thanks to Sonic) also a nice down trend line using 10/7 and 10/8 tops (24 hr chart)
edit - Yesterday's low just got touched so the mini gap is filled...pullback time???
If it goes up I am blaming Sonic though ... LOL
Keeping my swing stocks trades...LSI, LTXX and TXCC
The high was 239.90 (LOL) and we could very easily be in 3 down right now.
Small hop here...maybe??? I wouldn't bet on it but it's way oversold and it's possible.
Best to stay flat here.
You also need to remember that all chip makers are struggling and overcapacity is a big issue in the whole sector. Looking at the chart...you wonder how much doubt and gloom is already priced in. It will take some fairly bad news to bring a big move down...IMO
I will probably take my small profit on my mini trade here rather that hold thru the bell and then fade the initial knee jerk on INTC earnings
INTC probably has "slightly bearish" news after looking over the charts again...LOL
Thanks for the reminder
Probably will remain in a tight range but the charts are set-up for a move up. Lots of support and trend line touches today. It will take a gap down on bad news to push through and even then I think the market buys the gap.
Market looks poised to run from here...eom
Out of IBD @ .78 from .63 entry
Watching CECO...launching off a nice base
I am at work so I don't know for sure but I should have gotten all my fills on my stocks. I see the price is below these numbers or has been below.
I hope I have half of my positions
TXCC @ $1.32
LSI @ $4.30
LTXX @ $5.38
The market needs to hold HERE (1425 NDX and 1116 SPX)or it pukes pretty big (1390's NDX and 1105 SPX).
Long on the ES too (1117) with a 2 point stop.
Someone woke up the sleeping bear...lol
This is a better fit for the market to start up from a lower low. You guys have a good one today. I'll be out all morning.
etch-o-sketch..I'm not sure I follow.
It is a chart that the system I run on that particular chart colors the bars automatically until the trend changes
I see the original chart in my post and I saw it when I previewed...kinda weird.
Cap - Loopty, I don't think so...lol do you have big hands
If you look at the chart better you will see that most of the time the chart throws you a fish hook first, then diverges and starts up from a new lower bottom. I still think we get another dip but you would probably be OK ... but only if you weren't watching...LOL
Last post for me (#18) :( you guys have a good evening
Hey Han....good to see you here
Here is a guy that posts his public charts lists that knows his stuff. http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID445101
Cap.............go here and maximize the page.
http://img89.exs.cx/img89/7697/hook.jpg
I don't understand why you can't see it. I see it fine. Does anyone else see it???
It's an old Spyglass program that lets me put data like trades at the bid and ask in an Excel spred sheet. It gets it from my Metastock data server when my Metastock pro is running
and my seat fears your sig...LOL
Cap...here is a little e-mini lessson (lol)
Look at the chart below. See my little circles? See the similarities to the ones on the left and the ones on the right?...hehehe Should I be a buyer yet????????????
The price usually diverges with my stuff unless the move is really impulsive. If it was impulsive then I would just look for alot of volume with a big candle...or wick. Exits on a short here would be a break of a previous high after penetration of the 13EMA or more than a little poke thru of the center BB. In other words, as long as this move doesn't get any higher than 1130 we would remain short. If 1130 gets hit we would buy with a stop below the last low.
Now you see why I was calling for a slighly lower price at today's close or early tomorrow.
60 minute e-mini S&P:
I will still give him a stroke a hole and kick his arse...lol
I shouldn'd say that. I haven't even touched my sticks in a month because I have been so busy.
Sounds good though, let me know.
Cap....................------------------------------------->
Most traders have pretty big ego's and posting WAY after the fact is only confirmation of that...it's useless info unless you can tag your trade with a time stamp or price that's believable. They are either lying or lying...LOL
If you are a daytrader why would you post daily charts????? (lol)
I think most are trying to make a name for themselves when the important thing is making money. Why should you even care if folks think you are "the man". If you aren't YOU will still know and that's all that matters.
Not to get off-track but lots of folks can find stuff but can't figure out when to get in. People get too influence watching the chart while it's moving and make a decision at the spur of the moment. That is the hardest part of trading to get over. At least it was for me. Decisions need to be made when the charts are sitting still (at least that's what works for me) Entry and exit points (or stops) need to be figured out before that lure come by your face. Otherwise you are just a big bass with a hook in your mouth trying to get off.
That's probably a good idea.
You can always switch later. You will need to get used to the trading platform anyway.
Make sure you download the "STAND ALONE VERSION" of TWS and not the browser based one.
It broke the top of the triangle on the 13th and it was just a fake out then too....probably a risky play but worth a try with pocket cash.
I just ran a triangle break pattern check of a formula I am working on in Metastock and came up with a stock that seems to have broken out of a consolidating wedge formation. It has the most established base I have EVER seen. It doesn't have enough volume to give me a warm fuzzy but the base is incredible....that being said it will probably flop...LOL
EASY chart:
Cap
I would open an account for the mini's and a seperate account for stocks. There is a box to check in the TWS platform that will allow your orders to process in after hours trading for the mini. You will want it checked. If your stock trades are in that same account you will get boned in AH trading so 2 accounts is best.
I would recommend IB to anyone. The only drawback is for the folks that play BB's and pinkies. They aren't traded electronically so you are screwed there.
I trade the futures and stocks with them and I love the platform. I still have an old IRA account with E*trade but I only swing trade in it so it doesn't matter if it goes down. I ALWAYS have stops in to CMA so if the system went down it wouldn't matter.
Real quick......................
Stay away from the energy sector for a while. Looks like profit taking is starting. That's kinda surprising with the light volume but it warrants attention until all the traders come back to play.
Lunch is over...back to work
Good luck with your broker. Tha's gotta blow really bad.
kgoodrich...........
Do you use Mozilla Firefox??? I don't run into browser problems since I switched from Internet exploder.
Sonic
You are correct. The big thing is that only 2 MM's are even in this game. TRIM and CAES are moving in concert together while everyone one else sits on the sidelines @ .01 and $1000.00...LOL
It is going wherever they decide it needs to be going. I won't be losing money on this trade but it's a bummer when you load up on something knowing it will be bought up only to be boned by a couple of MM's....Oh well, that's the way the game works.
It still should go up from here but a drop back to .64 (2 day trend line break) and I take my penny and go home. lol
IBD has TOO many buyers here...
Volume @ bid 15,000...volume @ ask 111,800
They will screw the price down for sure. It could have been a nice ride but they still are dropping the bid with no sellers.
.78 is the WALL or resistance and the MM's are playing it.
Radar watch...nice and volitile:
AKC
ANCC
AVN
CTRP
MCEL
Just blew their top:
BEBE
MTEX
A possible long term play.........
It looks like it's just about ready to blow it's top:
Dktway
Please post all you want.
Looks like that one will come back to $1.75 - $1.80 for sure. Hard to tell what it will do from there yet.
That would be a better fit for sure. I would bet anywhere between here and 1425.
leading.............
I NEVER look at news. I don't know that it's good or bad but it seems to work for me. I think it affects my decisions and I don't really want to be influenced with anything besides the charts.
That would fill the gap but it wipes out a nice wave structure. If we go below 1418 it won't stop at 1415 IMO. It may bounce because there is a ton of support but 1300's eventually would come back into play.
It's a little iffy right now for sure. The more I look the more I think it may try to gap up, fall early then lift.
I have a buy in for the ES (S&P mini) for 1119 and a stop at 1116
If $3.60 holds................
you can probably scalp $1.00 off it on the ride to $4.60. If $3.50 gets taken out, it will make a double bottom or worse.
I took a long look at it today.
I always stay well under 18 posts a day. Cap is the busy body and I think he is a member.