chetron 2,817 posts msg #69071 - Ignore chetron |
11/6/2008 8:11:22 PM
@dforant1
DID YOU HEAR ANYTHING FROM AMERITRADE FOR MILKING THE COWS?
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lynnchismod 7 posts msg #69072 - Ignore lynnchismod |
11/6/2008 8:28:20 PM
TRO, can you tell me again what the midline is used for in FTG and MTC?
Thanks!
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Eman93 4,750 posts msg #69076 - Ignore Eman93 |
11/7/2008 8:58:11 AM
TheRumpledOne
- Ignore TheRumpledOne 11/6/2008 9:45:45 AM
Remember I said don't even think about trading unless you can think like a computer?
Running test changing chart periods is NOT the way a computer "thinks".
I strongly urge you NOT to manually trade.
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You ment NOT to AutoTrade correct....
I am testing now just to just give alerts.
Thanks
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TheRumpledOne 6,529 posts msg #69078 - Ignore TheRumpledOne |
11/7/2008 9:52:12 AM
STOCK GAPPED UP
YOU GO SHORT
YOU TAKE THE MONEY
REPEAT.
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TheRumpledOne 6,529 posts msg #69079 - Ignore TheRumpledOne |
11/7/2008 9:53:48 AM
You ment NOT to AutoTrade correct....
I am testing now just to just give alerts.
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Perhaps...
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TheRumpledOne 6,529 posts msg #69084 - Ignore TheRumpledOne |
11/7/2008 12:38:00 PM
GAP FILLED
CLEAR TO TRADE EITHER DIRECTION IN THE BUY ZONE.
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Eman93 4,750 posts msg #69085 - Ignore Eman93 modified |
11/7/2008 2:18:28 PM
TheRumpledOne
- Ignore TheRumpledOne 11/7/2008 9:53:48 AM
You ment NOT to AutoTrade correct....
I am testing now just to just give alerts.
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Perhaps...
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I have have been sucsessfull milking....it is hard and it not as easy as it looks.
I need to make auto trading work, I dont have any other options at this point.
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luc1grunt 622 posts msg #69087 - Ignore luc1grunt |
11/7/2008 2:31:15 PM
Eman...do you scale into those trades?
If not, your stops will likely get hit. Starting with a smaller initial position will allow for a wider stop, then scale in as the movement is confirmed. Crunch the numbers and you will see it. Consider your comission rates in scaling in.
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TheRumpledOne 6,529 posts msg #69089 - Ignore TheRumpledOne |
11/7/2008 3:16:39 PM
lynnchismod
11/6/2008 8:28:20 PM
TRO, can you tell me again what the midline is used for in FTG and MTC?
Thanks!
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Nothing.
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TheRumpledOne 6,529 posts msg #69090 - Ignore TheRumpledOne |
11/7/2008 3:24:02 PM
I have have been sucsessfull milking....it is hard and it not as easy as it looks.
I need to make it work, I dont have any other options at this point.
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It's simple.
It's as hard or easy as you make it.
Learn to take 5 cents quick. If you are paying more than 2 cents a share round trip, you need a different broker.
Then you'll learn the "beat" or "pulse" of what you are trading.
After you MASTER that, then you'll know when to sit in the trade longer.
Start off trading 100 shares. You'll know when you are good enough to trade more shares.
You do NOT have time to look at indicators when you do this. This is more like playing a video game.
When price enters the zone, you must react quickly.
When you see a profit, you must take it quickly.
You do NOT have time to think. Hesitation equals loss.
YOU CAN'T PAPER TRADE THIS. You don't know if you are quick enough to enter/exit AT YOUR PRICE, until you do it.
USE LIMIT ORDERS. Market orders will create losses.
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