Recent content by b4gt

@songcon Yes, it turned bearish and it rallied 4 months later.

I use Linux which is free and superb. My broker's platform requires windows so I have set up a virtual machine in Virtualbox which is also free and in there I installed windows immunized with search and destroy, protected from viruses with avira and firewalled with sygate personal firewall...

Amibroker has the bar replay feature that does just that

The image I posted was from last Friday's close. This is what is happened this Friday. I see it is turning bullish. Not as powerful as I would like but I don't think it is going to be a looser. I don't know what to think about those two red candles closing higher.

Yes I do believe in Cash almighty. Mover of Heaven and Earth. YouTube - "Money" - Liza Minnelli, Joel Grey :cheesy:

I have read in John Carter's book about a strategy he uses in trailing stops. He says I interpret the above as when I see a red bar/candle following greens I suspend moving the stop higher. When I see two green candles I start moving the stop again. I started using this technique a couple of...

mrsoul what do you mean the macd in sell territory? Do you mean if it is starting to turn or do you see it in sell? Can you explain that?

Thank you very much for your answers and I apologize for not posting the whole chart. I just didn't want to bother you with all the details. This is the chart as I see it right now. I also use the squeeze indicator (bollinger bands, keltner channel and momentum) but I didn't add them here to...

This is from a daily chart. I think the above formation in the right is a hammer or a hanging man. I am not sure. Is this a reversal or continuation pattern?

I am sorry for your situation but I feel that you should stay away from trading. At least for now. You already lost a lot of money and you fear that you might lose even more. Your psychology is against you right now. The first advice that was given to me when I decided to enter in the stock...

Nice stuff. Now I am taking my @$$ back to my books if I want to reach level 3.

My belief is that trading is on it's own a risky business (for the trader that is). So why they don't add another stream of income? I think some of the people whose books I read either sell stuff related to trading (i.e. books or software) or sell seminars and coaching. So the books they write...

Yes, and its username is fashion125, very well thought.

That one is definitely in my reading list. Nice to know that now I have one more reason :cheesy:

What books would you recommend to a newbie trader? I suppose the three most important aspects are money management, technical analysis and development and evaluation of trading systems. I am messing since October 2008 with the stock market and still can't figure out what "studying the market"...