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General Discussion · predicting the indexes trading range with 60-70% accuracy before the open
glm47
msg #46238
modified
8/7/2006 1:17:09 AM

Quote" you take a numerical reading 5-15 min uted before the open like maybe 36.24 and 37.77 "

Can someone explain what 'uted' is please?

TIA



General Discussion · Zacks Stock Challenge Competition Winner
glm47
msg #45649
modified
7/10/2006 9:58:27 PM

It sounds great on paper, but go ahead and try using their system. I tried paper trading it a while back and it was terrible. On numerous occasions I placed long and short trades at market value to come back later and find them not placed.

With regards to short term trades like scalps, the fact that you don't get immediate (within a few secs like a real trading platform) acknowledgement of your trades made it unuseable - to me at least...





General Discussion · Zacks Stock Challenge Competition Winner
glm47
msg #45642
7/10/2006 6:48:49 PM

Ill tell you why Nik, because I for one, am too damn lazy to go verifying other peoples posts...

In this day and age it is very easy to have software record and verify all the transactions for the participants. Its just a matter of time before one of the big financial sites implements a real time stock trading simulator that the masses can use.


General Discussion · Zacks Stock Challenge Competition Winner
glm47
msg #45614
7/10/2006 1:06:15 AM

The problem with the Zacks and Investopedia stock competitions (use the same software) and others like them are the fact that they use 20 minute delayed stock price data. It is very simple to be the winner of the competitions if you have nothing better to do than simply place orders for stocks you have just watched rise in price in the last 20 mins...

No merit should be given to the winners of these competitions because they are not realistic. Now, if you can find a competition that uses real time data and realistic order entry, you would have something worth effort and which winning would mean something...


General Discussion · MIRA 2.0 (Muddy Investigation Research Assistant)
glm47
msg #45546
7/8/2006 1:42:39 AM

The guy who wrote the tool is now charging $150.00 for it if I recall. If you Google the title of the thread you should find it without a prob.

I would like to have it but there is no way I would pay that much for what is essentially a few Excel macros...


General Discussion · Help me understand please.
glm47
msg #45015
6/15/2006 11:24:17 PM

Thanks for the reply.

I cannot understand how this book can be of value (I had seen it recommended on multiple sites) if one cannot derive the necessary values to make this work the way the author claims it will...

I will read on but doubt I will make it to the end. It gets old fast when you cannot put the teachings in a context you understand...


General Discussion · Help me understand please.
glm47
msg #44981
modified
6/15/2006 12:11:00 AM

The following is a quote taken from page 21 of The Logical Trader.

"The value for natural gas futures is 15 ticks"

This author has repeatedly mentioned ticks in such a way I have never heard of. I thought ticks were the price adjustments that flash by a ticker tape etc. How does one apply a value to a tick in this context please?

Here's another from page 23:

"The Point C value for this market is 85 ticks below the lower end of the opening range" This makes it sound like ticks are a static numbers and not variable numbers...



Filter Exchange · Searching?
glm47
msg #44558
6/2/2006 10:09:22 PM

Its the ADX indicator.


General Discussion · My Favorite Trading Books
glm47
msg #44557
6/2/2006 10:03:40 PM

If all of the files are in the same directory, open up a command prompt (Start-Run, type CMD and press Enter) at the appropriate directory and type the following command:

dir > c:booktitles.txt

This will create a list in a text file on the root of your C: drive which you can open in Notepad and edit etc.

If they are in different directories you can run the command in each directory or move them all into the same directory.

To move between directories using a command prompt, use the following commands:

cd moves you to the root directory (C: etc)
cd <directory name> puts you into the named directory below
cd .. moves you up a level

Example: Lets say your command prompt opens at something like C:Documents and SettingsNiko and lets say you keep your books in the directory Books in the Downloads directory on your C: drive

Type cd to put you in the root (C:)
Type cd DownloadsBooks to put you in the directory where the book files are located.
Type the command dir > c:booktitles.txt to create the list in the text file called booktitles.txt on the root of the C: drive.
Navigate to the C: drive with your Windows Explorer and double click it to open it.

HTH




Filter Exchange · How to finding stocks to daytrade
glm47
msg #44156
modified
5/24/2006 9:39:21 PM

Ill offer what I can in response.

Quote 'When I said "what other signal do you look for to make sure", I meant "what other signal do you look for that is a signal". I realize there are no absolutes and nothing in the stock market can be predicted 100%. As of right now, I use RSI(2) < 1, I look at trendlines, I use the ema(150), support and resistance levels. Anything else?'

The period disparity between your 150 and 2 is so huge that it is unlikely you will see anything meaningful. The 150 will change so infrequently you are practically using RSI(2) only and that would be suicide. It is tradeable if you use it in conjunction with Volume however.

For starters, knowing nothing about what indicators you are familiar with, I suggest changing your EMA from 148 to to 20 or replacing it with the MACD on ALL of your charts. The default MACD parameters of 26,12 will do fine but you might like them more at 20,9. The MACD is essentially two Moving averages but the histogram additionally adds another level of insight. There was a recent thread on MACD understanding, take a read of that. Another ESSENTIAL indicator is Volume. In fact, it is the single most important indicator besides price. Again, refer to the archive threads or online tutorials to get an understanding of the kind of volume patterns you need to recognize. Lastly I suggest you also add an Oscillator to your charts. Play around with the CCI and the Stochastics and see what you like. Try using various parameters.

http://www.stockcharts.com/education/IndicatorAnalysis/indic_stochasticOscillator.html

http://www.prophet.net/learn/taglossary.jsp?index=C&entry=CCI

So to recap, at a minimum you should be using the MACD, Volume, RSI(2) and an Oscillator like CCI or Stochastics. What you are looking for is multiple indicators all giving you the same UP or Down signals. When you have lots of things simultaneously telling you the same thing, it significantly improves the chances of the signals being correct...

Once you are comfortable with those, you need to understand the significance of the 50MA and 200MA too.

Quote 'I realize there is no magic indicator. It has been said that using RSI(2) < 1 and waiting for green is a very solid sign to jump in long. However, I am asking how it is a sign to go long when it can just as easily head south. I am asking why waiting for green will give you an edge, even if the RSI(2) is < 1. I was hoping TRO or someone else knowledgeable could explain why waiting for green gives an edge'

Search the archives for 'Wait for Green' the guys who developed this methodology explain it far better than I can but here is a short synopsis:

Waiting for green means not entering a trade until the momentum is in your favor. By momentum I mean upward or downward price trend movements. If a stock price has been dropping steadily, the only way you can be reasonably sure it has reversed and is trending upward again is to wait for the current candle to turn green and be closed. It does not turn green in color unless the stock price has moved above the opening price of that candle and it can still turn red if it has not closed. Many respected traders have recommended not entering a stock until its price moves above the highs of the previous candle because that was the most recent point of resistance and once resistance is violated, stock prices often move upward more. They usually recommend strong volume in that situation too. Of course, there is far more complexity to this rule and you should read up on it.

The RSI(2) has a tendency to get stuck at 1 and 99 and when it does, you cannot be sure when the current trend is over. Do not enter until your RSI(2) has moved off of the top or bottom.

Have you noticed a common theme that seems to permeate my responses?

STUDY

Good luck with your trading endeavors.



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