TraderTony
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orky said:
Apologies - I missed your earlier message.
Not sure it was a bad day - just bad trading!
The emas are 7 (blue) and 34 (brown) but I would also recommend the 100.
Apologies - I missed your earlier message.
Not sure it was a bad day - just bad trading!
The emas are 7 (blue) and 34 (brown) but I would also recommend the 100.
Bigbusiness
Experienced member
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I have used the Interactive Borkers data feed with the free quotetraker software and now with Ensign software. It doesn't plot every price but is a lot better than using a data feed that sometimes lags or stops. The IB feed is reliable and if it does go down, I can't trade anyway. Might be a good backup option for those using other data feeds with IB.
It will also work with Sierra and both Quotetracker and Sierra can be setup to use two data feeds, just don't ask me how to do it with Sierra 🙂
It will also work with Sierra and both Quotetracker and Sierra can be setup to use two data feeds, just don't ask me how to do it with Sierra 🙂
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for GOLLUM
the abcs are part of www.elliott-wave-theory.com annotation with corrective patterns
please see that gaps are part of a traders arsenal...i actually use elliott wave almost entirely
and gaps are secondary to my trading...i watch them as others use them, much as with chart patterns. just because i see so many that are technically incorrect [and will therefore fail] that doesn't mean others don't use them: They do! so i trade mindfull of what others are seeing as well as my own view
GAPS
http://www.stockcharts.com/education/ChartAnalysis/GapsandGapAnalysis.html
the abcs are part of www.elliott-wave-theory.com annotation with corrective patterns
please see that gaps are part of a traders arsenal...i actually use elliott wave almost entirely
and gaps are secondary to my trading...i watch them as others use them, much as with chart patterns. just because i see so many that are technically incorrect [and will therefore fail] that doesn't mean others don't use them: They do! so i trade mindfull of what others are seeing as well as my own view
GAPS
http://www.stockcharts.com/education/ChartAnalysis/GapsandGapAnalysis.html
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Last edited:
bansir
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Hi Folks,
Great posts from all as usual...😀
Here's another slant on it, not strictly playing the recommended rules but anyway....
Had a go today for real instead of the usual simulator.
Spotted the failed target T1 ok and decided that along with the NDT and the formation of a IHS that a short was on the cards.
The doubts I had included:
a)The NDT was taken in part from the opening moves of the price and therefore perhaps not reliable and also it was over a longish period of around 42 minutes.
b)The 100EMA had crossed over the 300EMA so essentially the trade would be against the trend.
I decided that there was enough divergence of the price away from the 100EMA to warrant a short and also if I stared hard enough I could see the IHS forming.
Went short at 15:28 on the lower low of the red candle, RHS.
Sierra Chart price around 10713.
Closed out as the IHS target was passed at 15:45, Sierra Chart price 10704.
So should have netted maybe 8 points after spread eh?. Unfortunately Mr bias 😈 took his wack so I got out for +1. The SB real entry price being 10707 and the exit price being 10706.
Thought I would just put this up as an example of the very real difference between playing pretend trades on a chart and what happens when you try for real through the SB company.
I only managed to distil 1pt out of what looks like a nice 13 or 14 pt move on the chart.
All this is blindingly obvious to most that post on here but it it may be useful for anyone new.
I could have waited a little longer until my 10SMA was crossed for the exit, probably worth another 5pts but fear of loss was messing my brain too.
Best Regards,
Neil
Great posts from all as usual...😀
Here's another slant on it, not strictly playing the recommended rules but anyway....
Had a go today for real instead of the usual simulator.
Spotted the failed target T1 ok and decided that along with the NDT and the formation of a IHS that a short was on the cards.
The doubts I had included:
a)The NDT was taken in part from the opening moves of the price and therefore perhaps not reliable and also it was over a longish period of around 42 minutes.
b)The 100EMA had crossed over the 300EMA so essentially the trade would be against the trend.
I decided that there was enough divergence of the price away from the 100EMA to warrant a short and also if I stared hard enough I could see the IHS forming.
Went short at 15:28 on the lower low of the red candle, RHS.
Sierra Chart price around 10713.
Closed out as the IHS target was passed at 15:45, Sierra Chart price 10704.
So should have netted maybe 8 points after spread eh?. Unfortunately Mr bias 😈 took his wack so I got out for +1. The SB real entry price being 10707 and the exit price being 10706.
Thought I would just put this up as an example of the very real difference between playing pretend trades on a chart and what happens when you try for real through the SB company.
I only managed to distil 1pt out of what looks like a nice 13 or 14 pt move on the chart.
All this is blindingly obvious to most that post on here but it it may be useful for anyone new.
I could have waited a little longer until my 10SMA was crossed for the exit, probably worth another 5pts but fear of loss was messing my brain too.
Best Regards,
Neil
Attachments
have you thought about opening an account with www.interactivebrokers.co.uk ? spread is 1 point [max 2 from time to time] commissions add up to 1 pt round trip..thing is it gets you in and out....icouldn't stand spread betting with igindex or d4f for the reason you have so perfectly illustrated!!!
unless trading the 5 min charts/ bigger swings there's little point trading the 1 min with SB's unless it's crystal a big move is in the offing, or huge stoplosses or both..last january i traded 15 times in a few days with d4f and, using elliott wave and a 35 pt stop loss, [!] brought home 13 good trades, the other 2 at evens [ in other words, my entry pionts were often as not wrong!!! by about 2 or 3 mins, but wrong is wrong is wrong!!!]
. the reason for the wide stop loss was i'd often get in a subwave too early and needless be taken out for 3 or 4 points on the chart, and lose 15 points on the SB's!!..do that a few times in a row and it hurts..
hence interactive brokers...might need to spin the yarn re: trading experience/history [apparently] but try on-line..if it suits
wellshot
unless trading the 5 min charts/ bigger swings there's little point trading the 1 min with SB's unless it's crystal a big move is in the offing, or huge stoplosses or both..last january i traded 15 times in a few days with d4f and, using elliott wave and a 35 pt stop loss, [!] brought home 13 good trades, the other 2 at evens [ in other words, my entry pionts were often as not wrong!!! by about 2 or 3 mins, but wrong is wrong is wrong!!!]
. the reason for the wide stop loss was i'd often get in a subwave too early and needless be taken out for 3 or 4 points on the chart, and lose 15 points on the SB's!!..do that a few times in a row and it hurts..
hence interactive brokers...might need to spin the yarn re: trading experience/history [apparently] but try on-line..if it suits
wellshot
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Hi Wellshot
Try www.twowayfutures.co.uk they use IB platform but much better service than IB and the same charges. If you got any problems they will answer you call. not like IB.
sun
Try www.twowayfutures.co.uk they use IB platform but much better service than IB and the same charges. If you got any problems they will answer you call. not like IB.
sun
bansir
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Hi wellshot/sun123,
Thanks for the suggestions re IB and twowayfutures.
I have been considering this for quite some time but need to work up enough spare dosh to open the account. Maybe I could have a go with a simulator if one is available,just to get the feel of it?
I must say Twoway's web site does a good selling job, very tempted.
Best Regards,
Neil
Thanks for the suggestions re IB and twowayfutures.
I have been considering this for quite some time but need to work up enough spare dosh to open the account. Maybe I could have a go with a simulator if one is available,just to get the feel of it?
I must say Twoway's web site does a good selling job, very tempted.
Best Regards,
Neil
TraderTony
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wellshot said:
