Recent content by 86834H

Sorry i just want to clarify what you're trying to say here... you're basically saying that price action on a daily time frame produces support and resistance (which it does) and then when the market reaches this level, say resistance, you just sell it? The market produces many levels...

You really are completely missing the point of what i said. It has nothing to do with squeezing a couple of extra ticks out of a trade.

Ok first of all, no need to be rude... So in your example of using a daily chart... say on the emini sp500 on the daily chart there's resistance at 800, the market trades up to this level, say at as we get close there is abnormal size on the offer at 800, say 4000 on the book and between 2500...

I come from a prop trading background where i started off trading the bund and schatz. As a prop trader we were expected to take advantage of figures and fundamentals as the fixed income market is a very news and rumor driven market. The bund and schatz is a completely different market to what...

I don't think you read my post properly..... i basically said the tick by tick movement of price is what price action is, then gave an example of price action being used. You just said what i said but with different words...

Yep, you can access all the markets from one account. Generally though, when you open a direct market access account, your broker will ask you what you want to trade give you access to that market and similar products. For example if you say you want to trade the mini dow, then they'll give you...

best package in my opinion is pro real time (ProRealTime : Real Time Technical Analysis Software) If you're planning on trading via direct market access then you will need the eurex exchange for german indices such as the dax and eurostoxx and the CBOT exchange to trade mini dow contracts. If...

What markets are you trading? I've written a lot before about knowing when to trade and when not to trade. A lot of the new guys fall around here because they get caught up in the general chop of price action and fail to see the bigger picture. If it's just a case of you're trading when you...

it really depends on the level that you're trading at. If you're new to trading and learning then you are just fine with a standard computer with an extra monitor. As your trading develops etc then more powerful hardware becomes more important. For example i have 6 monitors on a computer built...

Price action generally refers to the tick by tick action of price. An example would be say you had resistance in emini SP500 at 800, if every time we tick up to 800, and the market immediately becomes offered and ticks off a little, then this 'price action would suggest that resistance level is...