Recent content by darvas_trader

thanks!!

I am trying to find a screener for detecting double-bottom (top) on a 5/15 min real time chart as they form. Can somebody tell me which software (esignal etc) is best suited for this purpose. Trouble is, in retrospect any software can do this but generating potential double bottom top before...

Thanks. True he was successful in a bull market but I like the simplicity of his approach and hence the name. I believe the best trading strategy is to keep it as simple as possible. I use a modified Darvas technique. I am currently demoing on OANDA and find their charting technique very...

Suppose you invest a equal amount of money on randomly picked stocks all having comparable prices (like between 5-10$, say). You choose a particular time frame. You put a stop loss of 1% and take profit at 2% (or some number more realistic, ie most likely to be hit rather than most profitable...

yah but they still come out on predictable dates, at least (isn't it?). I haven't traded forex yet but my experience with technicals on stocks shows that individual stocks are very often guided more by extraneous unpredictable events than support resistance, although I must admit the money I...

Thanks, my bad. But although I do appreciate the fact that a buy and sell has to occur simultaneously, my point is whether there is any way to get a rough estimate of volume of shares transcated at the bid price and ask price. Although someone has to buy and someone has to sell but a...

Thanks for your answer. I am especially curious that because of the liquidity and the scale of the forex market do you find that swings are less fickle than in stocks where you have small parties with vested interests controlling factors like news, upgrades, naked shorting, bear raids etc?

I am trying to use T&S alongwith level 2. I use thinkorswim so other platforms may have different colors. I understand that the red and green numbers are to show whether the price went down or up from the previous tick. My question is can I interpret the green price to be one which was...

Is forex more suitable for TA than stocks? Why? I would like to hear the opinions of experienced folks who have dabbled in both and have tried to apply TA to both. How do you deal with the absence of volume information in forex?

I am new to forex trading. I trade stocks and trying to venture into forex. Ideally I want to use the same technical criteria I use for stock picking but at smaller timeframes. What I am trying to do now is build a scanning system having the following attributes 1) Based on support...

I am a stock trader with some experience in the market trying to learn a little bit about the forex market. I am reading old forum threads and learning a lot. I read somewhere that demo trading is not actual trading so don't go for it. I can understand the sentiment that since real money is...

thanks my friend...that thread opened my eyes.

ok since i did not get any reply let me rephrase my question: 1)what are the advantages/disadvantages of a prop shop? 2) What qualifications do you need to get in one?

This is my first post. I am 30 yrs old doing my PhD. I trade my personal account. Have never traded with paper money. I started three years back with 1800$ and three stocks, NFLX, BRK-B and VIMC. After two years I made a few hundred with NFLX, lost more with VIMC and lost a little with BRK-B...