I do like PRT's charting software. I used to have it when I worked briefly for a bunch of crooks. With OEC I have free data feeds but a slightly less superior charting package.
I do like PRT's charting software. I used to have it when I worked briefly for a bunch of crooks. With OEC I have free data feeds but a slightly less superior charting package.
DaddyJohn
Experienced member
- Messages
- 1,375
- Likes
- 9
Hi Martin.. was out this afternoon.. was there any strong news flow that pushed ftse back up again?
Hey Jon, are you on the right side of this FTSE strength?
Attachments
Bunch of crooks?
John, there was nothing from a european perspective. I put it down to Walmart at noon, Fed's Fischer saying risk of another recession is neglible at 11:56am, Empire State Index and Retail figures at 1:30pm. FTSE has been stronger than the ES.
When I was new to this futures trading lark I paid £4000 to an outfit that promised to train me and if I was good enough, after 4 months, would be allowed to trade with their money. Turns out they just wanted the money, and even then, they still went bust. I didn't know anything about futures trading and thought that getting trained by so called insiders would be worth the investment. Paying money for training is worth it if they get results. Sadly there are many people in this industry charging ridiculous sums of money for some hype and a few propietary indicators.
Education and time in front of a screen are the best things for futures trading, and a few trading buddies to compare notes with. Trading is very solitary, and it is easy to train yourself in to bad habits. That's why I started this thread, and I am pleased it has many seasoned traders who are willing to share their experiences.
Just to add the ECB buying lots and lots of Italian debt rumour at around 11:45. Big turn on the 10 year and equity markets. Will know for sure next week.
Yes they support it everyday it. But they announce the amount the week after.
I think they must of went in heavy around 11:45. They mentioned it on Ransquawk and CNBC and the markets just switched.
Sucks about your training. I guess you live and learn. Its hard to know what approach to take when learning, i just hit the books.
I agree this forum is a great place to swap ideas.
DaddyJohn
Experienced member
- Messages
- 1,375
- Likes
- 9
I hope noone got caught out on that move down.. I was short from 5555 , but only took it down to 5530 , bought it back for a small number of ticks. Glad I didnt leave it !!! Price now at the bottom of its value range from yesterday.. should hold it for a bit.. but below 5444 perhaps a test of 5415 yesterdays low... through this sees 5350 .. perhaps 5309... though that might be tomorrow...
merkel talking in fork tongues
people desperate for massive cash creation to solve a debt problem
markets see-sawing on almost every headline
and not one politician or official in any country has sounded as if they have a sensible idea
is this the perfect fools asylum scenario
people desperate for massive cash creation to solve a debt problem
markets see-sawing on almost every headline
and not one politician or official in any country has sounded as if they have a sensible idea
is this the perfect fools asylum scenario
DaddyJohn
Experienced member
- Messages
- 1,375
- Likes
- 9
11981 to 11751 I fancy
Hi DC welcome back ... hope all is well with grandchild.... you may have missed the photo below...... Cant make my mind up on direction today.. I am short FTSE at 5490.. but now looks like it is forming a base to drive up from
Attachments
DaddyJohn
Experienced member
- Messages
- 1,375
- Likes
- 9
Hi y'all.... would like all your thoughts on the following....
has anyone else noticed the uncanny similarity between the price action during Jan, Feb, Mar, April 2008 and what we have seen over the last 4 mths ??? I dont need to tell you what happened in May 2008 and through to Sept/ Oct 2008....
Can anyone say anything or put any argument forward as to why this wouldnt happen this time??
This is important guys.. because we could make a lot of cash if we get this next move right... would very much appreciate input.
Thanks:smart:
has anyone else noticed the uncanny similarity between the price action during Jan, Feb, Mar, April 2008 and what we have seen over the last 4 mths ??? I dont need to tell you what happened in May 2008 and through to Sept/ Oct 2008....
Can anyone say anything or put any argument forward as to why this wouldnt happen this time??
This is important guys.. because we could make a lot of cash if we get this next move right... would very much appreciate input.
Thanks:smart:
orangetrader
Member
- Messages
- 60
- Likes
- 1
Hi Reksa,
just out of interest, have you tried the new procommunity feature?
I'm also a PRT user but haven't got around to checking out the above yet
Hey Orangetrader. I am using a watered down version of PRT that is provided by my broker and procommunity is not on it. A friend of mine uses the full version and he was telling me about it, scary if you ask me. I'm not sure I would like to use it.
Do you like PRT? do you use the deal thru?
I think they are really good, had a few issues writing programmes for indicators and i emailed them and they responded in no time at all.
orangetrader
Member
- Messages
- 60
- Likes
- 1
Yeah, I'm a big fan. I have always found the support 1st class. My only niggle is that the data subscription charges aren't cheap. But then these are the tools of our trade so I don't mind paying really. I use a separate application for dealing through IB. I'm going to take a look at procommunity. i'm certainly not ready to compete but apparently you can observe other traders in action so it sounds interesting
