That One Guy

I don't have enough knowledge to answer your questions. However, when I was trading stocks, I would visit this website often. http://www.shortsqueeze.com Check that website out and see if it helps you any.

Hey Atto, here is a view from a MP guy. http://my.wallst.net/blog/fbutera101/2008/07/16/balancetrader-outlook-for-17-july-2008/

I, completely agree with your case. Taking a look at the Nasdaq New highs vs New lows. We see $NAHL made a lower low compared to the March 17th bottom. However, $COMPX wasn't able to break the March 17th lows. To me this suggest sellers aren't able to have there way with price, as easy as before. http://www.traderslaboratory.com/forums/attachment.php?attachmentid=7305&stc=1&d=1216256360 Now taking a look at the Financial Select Sector SPDR. We see a nice downtrend, in which you can argue price became oversold, after exiting the channel. This ends up leading to a climatic like volume day. Followed by today's nice rally opening near the lows and closing on the highs, also on good volume. If the onslaught of selling in the financial sector subsides for a while and the oil market eases up some, sentiment for the short term may add to the case for a nice retracement. Either way good analysis Atto. I, also heard today was a new all-time record for option contracts traded in one day. http://www.traderslaboratory.com/forums/attachment.php?attachmentid=7306&stc=1&d=1216257105

My father has been a butcher for over 30 years now. He experienced this phenomenon. 23 years in the business and while cutting on the saw, he looked away and complacently chatted with the customer. Before you know it, he sawed his index finger off. 23 years is a long damn time in one specific area. I, consider him an expert, but it shows you the realization, in which you never know. Life is full of probabilities and you just have to accept the fact, that anything can happen at any time.

Some of you may have seen this before, but I decided to post it. He re-posted it on his blog, so it caught my interest. He said, he didn't want to be in the position, but he couldn't accept a small loss. You hear of people blowing out there accounts in a a few months. This guy blew out his in a weekend. http://highprobability.blogspot.com/2008/07/stock-market-ruined-my-life.html This is just a realization, for a young trader like me, for the potential demons to come.

Ah sorry, didn't mean to make you look lazy.:haha::sleep: I really just wanted to supply complete information, so maybe it will gain interest.

From Open E Cry's website: "EasyLanuage, Sophisticated Function. OEC Trader’s Custom Indicators gives you the power and compatibility of TradeStation’s EasyLanguage and the resources and function of Technical Analysis Library. Whether you are just beginning to explore custom indicators or you have been creating and writing code for awhile, OEC Trader’s Custom Indicators gives you the tools and functionality to take your trading to the next level!" and "EasyLanguage ™ Compatibility OEC Trader’s Custom Indicators plug-in allows you to use and develop EasyLanguage analysis techniques. Library of EasyLanguage Functions You can create your own library of EasyLanguage functions. Just save your EasyLanguage file with extension ".lib.el" (for example, MyFunctions.lib.el), and your indicator is placed in a common library. " Hope this gives your more information on the subject. There is a platform for writing code, for easy language and C#. I, personally, have zero knowledge of either one. Hope this helps.

I'm not sure this option exist in real time. I know you can get real-time put/call on specific stocks through interactive brokers. As far as short interest, theres a website, I use to visit. http://www.shortsqueeze.com Last time I checked, they gave you faster short interest updates compared to the exchanges. They also have tools to weigh the most shorted stocks and the ones with most potential for short squeeze. Hope this helps you out some.

Although I have no programming experience. I've tried to import easy language from my clip board and functions. Never had any luck. Doesn't make sense, you think someone with programming skills would have figured all this out. However, I've searched google and forums and nothing comes up.:crap:

Thanks Eiger, good stuff. Reminds me of the comments Mark Douglas made on becoming a runner. He said, that when he first started running, he constantly had to fight the negative emotions, til he eventually built up enough discipline to just do it. I, my self am a runner and experienced the same problems. However, over time I was able to fight through those negative emotions and just do it. The negative emotions are still there every run, but I am able to push through it and finish my run completely as planned. The same should be for my trading. If I planned the trade out, and everything still seems fine, I shouldn't run scared because the big bad market might take my hard earned money. If I, gave in every run and quit early, I'd get no where. The same applies in my trading, if I cut profits early out of fear, I will get nothing done and probably lose money, which I have proven to myself before. Trading two accounts in forex with the same Strategy. The one with more dollars at risk I lost money because of cutting winners. The one with minimum risk, I let trade work as planned I made money. It all comes down to confidence in the method and proper money management. Once this is hard wired in my brain, I just need to have the discipline to stop being a bitch and just let it all work. :o

Read an interesting blog post, from Brett Steenbarger's blog. Talks about emotions in trading. Basically Bret say's just eliminating emotions in your trading won't make you successful. He says, you must be skilled in the markets, establish a solid edge and then trade that with confidence. The emotions, will effect you less, if you have the confidence in your edge. Then I, read another point he made. "Of course, emotions of fear, greed, overconfidence, and anger can skew our decisions and actions. But there are two major reasons these emotions can intrude into trading." "The trader is biologically predisposed to a high degree of negative emotional experience (i.e., the trait of neuroticism) and probably shouldn't be operating in a field with high degrees of risk and uncertainty" This comment got me thinking. I, know for a fact my father is an extremely negative person and my mother often worries a lot. I, started thinking, maybe trading may not be for me based on my parents negative mindsets. I, took a test online (about 10 questions) and it stated I wasn't a negative thinker. Something to look into for people just getting into trading. Maybe if you are an, extremely negative thinker, you may not dwell into trading. Just some food for thought, any opinions on this subject would be greatly appreciated. The link to the test and brets blog: http://www.3smartcubes.com/pages/tests/negative_thinker/negative_thinker_instructions.asp http://traderfeed.blogspot.com/2008/07/cross-talk-role-of-emotion-in-trading.html

Yeah, but it's much easier for people to have something tell them to enter. Price and volume alone requires a good amount of understanding of whats going on between the buying and selling pressure. Most people would rather wait for the green light to go long and the red light to short. This is all just my opinion, and I, have nothing against any particular trading method if it works for you.

Hey I'd personally love to see smaller time intervals below 1 min.

Would all depend on, what you perceive to be an opportunity. Be it support and resistance, moving average crossovers or pattern recognition. (Just to name a few) From there it would be easier to filter down potential trades. I'd recommend checking out a nice website that has tons of stuff to filter trades, by the criteria you define. http://WWW.FINVIZ.COM Hope this all helps and good luck.

You also have to remember the mindset of a small time prop trader and a bank trader with a big capital back stop. The little prop guy, may constantly trade with emotions, while the bank traders may have the confidence to stick to the plan. So, tools are nothing without the confidence, to stick your trading plan.

They also have huge sums of capital. So, there trading decisions may be based around this. To learn how they trade may require a big account, or wide stops.

I, took a look at the oil etf and came up with some ideas. I'm starting from the huge consolidation range in November. We see here at A, the market was balanced for quite sometime, and then the buyers came in and ran the USO to new highs by about $10. Now we consolidate again here at B, and this time for much less time before making new highs, about $9 this time. At C, we see even less consolidation, than previous times and now the market pushes up again this time making a new high, but only by about $6. So the buying pressure is there, but not as strong as before. Now at D we see a tight range, and it only last a few days compared to the previous congestion periods. The Uso makes another New high by about $6. Here is were it gets interesting. After the new highs seen after D, the market starts pushing back and the selling pressure starts coming in a bit more aggressive than before and the USO now pushes off its highs by about $10. We trade back into that little congestion zone in which selling dries up a bit and the market is then blasted off to E. At E we see a potential buying climax, which only lead to a new high by less $5. The market then chops around a few days and even test that climatic buying day, in which supply consumes the day, but volume is light, which some what suggesting the the buyers may be exhausted here. Also looking at the entire volume distribution from the begging of chop in November to now, we see the market is skewed to the downside. Price, however lingers up here above the peak volume price, which is the low probability breakout zone and with the stuff I outlined, I see increased odds for the market to start pushing back towards its pvp, and then maybe back to the Vwap. This is just my interpretation, and I would love to hear other opinions pointing out things, I missed. Thanks for your time and take care.

Nice, Walterw, good to see you back here at tl. It has been a good amount time since you left. You should stop by the chat sometime during the us open, like old times. Either way, welcome back and take care

After some google searching, I, stumbled across this interesting website, that has tons of economic reports and charts. Also, it has a way, in which it weighs the reports, being either bullish or bearish. I, figured someone may find interest in it, so I'll post the link here. Take care. http://www.bullandbearwise.com/Default.asp

I, to have been using Whc for a few months, and had no problems. Good way to follow lots of different markets in one place. Price occasionally has its hiccups, but for the most part, not a bad way to follow forex and several different types of futures markets.

If you are interested in a free real time news service, and trade during us hours, this is what I use. http://www.newsstrike.com/ I, have been using them for about two months, they provide all the economic news for the us along with stock news, market updates and rumors, up to the minute. You download, teamspeak, and provide them with name and phone number ( never once called me?). Don't ask me how it's provided for free, but I will continue to use them as I am interested in news for entertainment and I occasionally like to know whats going on over the broader market. Take care

Am I, on the right path to reading price and volume. Saw a hard push down, at 11:26 leading to a bit of a light demand push up. Then, we see buyers putting in effort getting decent results to take price back up to the median level. As soon as price finds this area, I see no effort and no results to get back above it, which would show potential for more demand. Sure enough price falls off a cliff making new lows. Just how I read that in real time, no trade was taken, since I'm concentrating on listening to the market not trading it currently.

I don't know all that much about treasury bonds, but this guy may, http://www.tradethemarkets.com/public/1808.cfm Keep in mind this was back on Feb. 20th, but still valid today.

Yeah, that artwork, just shows me the end result of greed. It's sad, for all the folks, that worked there for years and now really have nothing to show for it.

I'll run some skype with ya, during the us trade session.