Recent content by Crossroads

A different situation entirely. You are suggesting that the liklihood of success after training from Mr Charts is a 50/50 gamble, that success is random. If Mr Charts trains 100 students the law of averages suggests that a certain percentage of those should have a higher chance of success than...

Marketmaker2004 is quite correct in all he says. I personally have not shelled out for Mr Charts training, but I know several members of the 'special' members website that has already been mentioned (none of them profitable), and have seen the course notes Mr Charts provides. His method can be...

Do they even guarantee manually placed orders? I thought the whole point of going through all those exams at the time you open your account was to say that you fully understand that IB guarantee absolutely nothing and any money you lose as a result of their systems not working is your problem...

This is one reason breakouts make for good trading of stocks, because there are lots to choose from and in any given day there will always be plenty that are trending. With Futures I would suggest that breakouts are one setup for the toolbox, but if you want to get a good trade near the open...

This looks like a variation on the common 27/23 forex system. It's been discussed at length on moneytec. Somebody deleted the long running thread over there, but there is plenty more discussion, here is a good place to start for people who want to read up on this type of system...

For US shares, IB charge $0.01 per share for the first 500, then $0.005 per share after that. So nexttrend sound considerably more expensive if 6 cents is the best they offer. __________ Xroads

I'm no Level 2 expert, but some quick thoughts: - To trade 5000 shares each at, for example, $50, you need at least $62,500 in your trading account (4:1 margin being the most allowed), realistically more to cover drawdowns. - The commissions with IB would be $55 per round trip on 5000 shares...

Hi Andrew, I use Tsim and I think it does the same thing as Ninjatrader for automatic trading with text files. I think BracketTrader does too. Both are free, but neither is as sophisticated as Ninja. With any of the three you would need something to send the automatic order to them to tell them...

Hi Neil, I'm more of a Nasdaq girl myself but I have traded some NYSE issues in my time. The problem is as Mr Charts has said they can be difficult to short, and in some cases even difficult to buy. I would recommend using Limit orders because the price can move a long way before your order is...

Triplepack, yes I trade Nasdaq. I don't think IB have proper Level 2 Direct Access in the true sense, I'm not a Level 2 junkie though so I could be wrong there. I enter on Limit orders, I normally set a Limit price a few cents away from the best bid or ask. Yeah it means sometimes a little...

Triplepack, hi, I use Interactive Brokers (www.interactivebrokers.co.uk). Plus points would be low commissions, usually a good range of shortable stocks, and the ability to plug things into their software if you don't like their trading interface. Minus points, their customer service is lacking...

I also trade the US and for much the same reasons that Trader333 has listed. I never trade past 16:30 and am usually finished by 15:30, and have my mornings free too. Last time I looked there wasn't the same opportunity to capture the same size moves in about 1 hours trading on the UK stock...

Oooh I love a puzzle! I've started trying to work this out but have run out of time for now. So far looking at the first two on the list I get : PMCS, first pivot = Previous Days Low + 1.53 PMCS, second pivot = Previous Days Hi - 1.53 BRCM, first pivot = Previous Days Low + 1.58 BRCM, second...