Recent content by StockCoach

http://invest-faq.com/articles/trade-price-impr.html I thought he was trading stocks, which he isn't apparently. I'm not sure how his scenario is working out. But the time lag for routing orders could be the reason.

I have used this site many times, I highly recommend it. Great for end of day strategy development -- one of the fastest generating I have seen. The downside is you have a limited vocabulary, but I have found it quite useful. For under $10 a month you can't beat it :)

Most likely this is because his stops are market orders, and his targets are limit orders. Fairly common approach.

Well said Tuffty. Unfortunately, there is never a mentor to guide you in the markets. If you find one you are VERY lucky. Trial and error is key here, and to survive you must keep things small until you are at a place where you know you have the tools to make money. Longevity should be your...

I think you will find that scalping is done with tick charts. Like you said, a chart above that timeframe (like a 1-minute chart) would be also suitable for scalping. Scalping can also be achieved without using charts, but by simply watching/listening to the tape. I find that it is MUCH...

I think you will find that traders HATE uncertainty. Any time there is uncertainty in the markets, you are going to want to sit out, no matter the timeframe.

No matter what anyone says, you will NEVER know whether a breakout is going to be sustained or not, until it is too late. The markets generate RANDOM returns (not random results!) and you must approach it as such. Worry about the forest, not the trees.

Always ask for complete lists of their trades. You should never sign up for a service that doesn't show you (and I mean show you exactly) past historical results. Most systems out there do not do that. Those that do typically show only the past year, because beyond that it didn't work. It is...

I have found the very best exits are based off of time, not price!

Any system built off of inherently delayed information will always fail. Unless you are dealing with price and volume directly, you are hitting your head against the wall.

Range breakout systems can be used at any time. Simply wait for an impulse (you can use ADX or similar if you cannot see them), and surround the impulse with a range. You can also use price distribution charts (http://www.tradestationaddons.com/images/technologies/ActivityBar.jpg) to form your...

Backtesting is simply gathering data so that you can have something to compare your results to once you begin trading. It is a sort of guidepost that lets you know stable the ground is that you are trading on. Of course there are a few good traders who trade without backtesting (although they...

A very simple system would be an opening range breakout system. Just wait "x" minutes and after that time go long or short depending which way the market breaks out of the range. Good luck!