Day Trading & Forex Forum

simon1

NAZ check out ..
www.undergroundtrader.com
Best day trading site ever. Get the books thay are the best you can get for your money dont wast your money on junk stuff he all so does a video now too.

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mfm

Naz

Been there, done it a few years back.

Jea has a very good following,if youre live in his trading room you can get used to his calls.Stocks like Ciena were a lot higher then.Certain stocks like these were daytraders favourites.So his Ciena calls would get enough traders in to move the stock.Where i traded some of us became REALY good at scalping Ciena and we could anticipate his Ciena calls selling out to the wave of buying that would come when he mentioned to get in.

Remember level 2 scalpers can be so quick to see something and execute,so when he sees it so do we.It then takes time for him to call it and the listeners to get in,by that time we're selling to them.

Naz

There are lots of on line trading rooms out there for budding Nasdaq traders to use.A reasonable understanding of level 2 is advisable.

I think they create a healthy trading environment and let someone feel part of a live trading community.

I rmember one that had certain rules for getting into a stock.They would call a set up and say wait for the entry point (based on the charts).

The best play for outsider scalpers was if it was a smaller stock.You knew the majority of orders would come through island at a certain level so you hid your scalping exit order just infront of their entry price and bingo you were almost certain of your exit.

Another well known play was the CNBC play.After the break we'll be talking to xyz, CEO of abc company.Well the CEO isnt going to run down his company.He is going on there to say how excited he is about something they're about to do and loads of middle america people are going to hear this and get straight on and buy the stock.

So what many scalpers did was to buy the stock immediately they heard xyz CEO was coming on and sell as soon as middle america liked his story and started buying through their on line brokers.

For plays like this you need the quickness of a Nasdaq level 2 direct access screen.There are still loads of plays like this still around.

Harrytrader

There is an intermediate between brokers and spread dealers which is enetspeculation. But I'm not sure of their reliability: I heard about some problems of errors on account. But it's the same for IB also so judge by yourself. They even offer commodities (IB don't).

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"My motto is that the markets follow the path that hurts the highest number of dynamic hedgers. It was exciting to read a mathematical proof of it by Grossman and Zhou in the latest Journal of Finance."
- Nassim Taleb in DerivativesStrategy

neil

The below link is a list of trading related sites which cover most areas of trading theory, practice, and Technical analysis.

http://www.trade2win.co.uk/boards/sh...&threadid=4476

Great sources of info. for the new, and not so new, trader.

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neil
Education is an admirable thing but it is well to remember, from time to time, that nothing that is worth knowing can be taught.
(Oscar Wilde)

spoon102

Posting my workspace for how I trade ES (thanks to Mark aka FTSE Beater).

Attached Thumbnails

 

spoon102

Cant really see it with this image size sorry!

ChartMan

OK Spoon, get it into Pain shop Pro/Paint and crop to size,enlarge,chech pixel size then post as several images as separate "replies".

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The views expressed here are my personal views and for your information only. Any expression of likely movement of a share is merely guesswork and is to be treated as such.This information must NOT be used as a basis for making any investment decision.