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Posts posted by nickm001

  1. The best of the best ( Buffet, Soros, and similar) make on the average 25-35% per year over long term ( over their life time as traders). You have to keep that in mind when some claim 100% or more return, bcos it is not going to last ( if it is even true). Anyone can have a good run, for a while and project that long term, but it is not realistic.


    Just imagine if you can do 500% a year... In short time you would be able to buy universe thanks to compounding effect :)

  2. For short term ( 0 < day < 10days). I use globex (24Hr) 10 min bars and plot volume profile.

    For longer term I use 240min bars, also volume profile.


    I have not experimented with "day session" in currencies, but if I were to do so, I would segment the 24Hr session into high volume ( day) and low volume. In general. high volume starts sometimes in Euro session and completes during US day session.

  3. Here is the answer I posted on TS forum.... the comments are refering to TS datafeed and it may be different for your datafeed...


    For the benefit of the community I am posting the answer from data integrity:


    ..I have checked with our Product management department in regards to your Data feed accuracy for Inside Bid and Inside Ask.


    I believe that the inaccuracy is most likely due to the fact that not every bid and ask is sent -- i.e. the "quote field update frequency" limitation. I had checked to see if there was a design flaw. The response I was given is No, it’s not a design flaw.


    It's because it's a quote request. In a quote request, a snapshot of the market is taken 3-5 times a second. This is as opposed to a tick request, which will update trade ticks (but not bid and ask ticks) in such a way that every individual tick is always sent. I hope this has addressed your concerns.


    On which I asked again:

    Thank you for a quick explanation, but i still can't understand how the "missed" ticks due to update end up on the wrong side.... Basically, if TS supposedly missed the updates, then I should end up with less trades reported... but that is not the case. All trades are reported, but they are in the wrong column ( switched side from bid to ask and vica versa). PLEASE look at the provided pics posted in the forums.


    ... and the final answer was:

    I have forwarded your response to our Product Management team and

    their response to your question was they'll be mis-categorized if the

    bid/ask has moved but not been updated in the current bid and current

    ask fields.

  4. Glad it worked ...


    Make sure that you setup auto backups... For next time you need it

    File >>"Backup/Restore Tradestation"... then check all boxes(* except Cache) .

    I store my backups on different logical drive, then copy it to different PC on the network and back it up on DVD from time to time

  5. If you have you done any Tradestation backups, then the easiest way is to do restore using the same version of TS... If not, then this might work...


    1. Install the SAME version of TS on new PC, and log in TS network once, the close TS

    2. Find TS directory on the old drive, which would be in the folder "C:\Program Files"

    3. It will liook like "C:\Program Files\TradeStation 8.5 (Build 2289)", (your version may be different)

    4. Copy the following folders : "desktop", "MyWork" from old drive to new drive. There will be some files that youi need to OVERWRITE .. Those files are the one that contain ( hopefully) your code..

    5. When u get everything working, make sure that you setup automatic backups :)

  6. I would first suggest to organize the drive in such a way that it is easy to do backups... Create one ( or more) boot partitions that has OS and Apps only. 30 Gb is usually sufficient for those... All your personal data should go in the Data partition, and filed in the appropriate folders.. Then you can use imaging SW ( like acronis) to image boot partition and also use either acronis or other backup sw to archive data periodically to either other network drive, usb or esata drive or to the network drive.. I store my OS "virgin" copy on the DVD and also on the net.. I can recover OS partition in 10 min or so...

  7. It depends on the broker and type of the account... If you have regular ( margin) account ( not IRA) then some brokers will let you to take delivery of foreign currency upon full payment in cash. "Value" of the contract is fixed (say 1 yen is always $125000 dollars). You have either lost or profited on the transaction and it all depends when you purchased the contract. P/L is credited to your account.

    Some brokers only settle in cash so the best thing is to check with your broker.

  8. insidebid/insideask are snapshoot of the RT market values and as such cannot be trusted. They are NOT updated on tick bases on the charts, only in matrix and T&S window, but ufortunatelly those are not accessible via EL code. This is a limitation of TS data feed and as far as I know, they have no plans to correct it soon.

  9. it seems that it was miss-calculated move on part of Georgia. They have used heavy artillery and air force against South Ossetia killing more then 2000 people and dislocating 30000 or more people form the area ( which is almost 50% of the population) and killing 15 or so peacekeeper ( moistly Russians) BEFORE the Russia responded. The area of south Ossetia was pretty independent since 92 . They signed piece agreement with Georgia week ago before they were attacked. The main city is completely in ruin . Russian response was swift to stop civilian population onslaught. Georgia immediately started crying uncle and perhaps expected NATO or US support.


    Was the oil important in this? maybe indirectly, but one cannot change the facts who started it where the casualties are. South Ossetia had 2000+ killed... Georgia had 100-200... Most of the damage in Georgia was to military and infrastructure.


    If there is any humanitarian disaster it was created by Georgia. The way they handled it, most likely prohibits any future integration of 2 provinces back into the same country.

    It is hard to imagine that US did not know about pending attack, especially that Georgian and US military had joint exercise 1-2 weeks before the attack.


    Note: in the old times wars stopped before the Olympics, out of respect.

  10. I took long time for TS to acknowledge the Data issue problem. They finally did month ago or so.. and they have done some changes that have improved the data feed/charting. If you are still experiencing issues with latest release 8.3, build 1631 and updated orchart.exe, then something else might be the cause of it. I agree with you that TS had problem, but I have not seen any issues in last 2-3 weeks.

  11. trbates,

    If your question is if TS strategy ( in auto mode) can do the scaling as in your example, the answer is yes. You would have to program the strat using EL. If you were to try to do that discretionary from Dome ( matrix) in TS, then it would be hard to do. Complex orders are possible in TS, but they are static, and can be adjusted manually, but not in rapid trading with such a close stops.

  12. I have stayed of this thread because it became pissing contest, between OAC and few other who are trying to answer questions asked here.


    JP training...

    JP offers training 2-3 times /year and can be broken down into 3 phases.


    Free week: Each training session starts with free week of access to the trading room. During that week JP and others trade and post trades, but there is no explanation or training provided. You can still get a feel about the trades though and decide if this is for you or not.


    Training: It lasts 3 months ( not one like it was mentioned before). During this period, you will get some reading material, but most of the training is done by listening comments during and after trades. You are free to ask any question and encourage to do so. Either JP or any of the older members will answer them. Setups are not difficult to understand and one can take notes, because at this point you will not have access to detailed description of the setups. Occasionally, JP will have 1-2 hours of discussion after market close to answer any question related to trading. If at any point you change your mind, or decide that JP style of trading is not to your liking, you can drop the membership and be charge only for the time used.


    Phase 3: After 3 months ( or as soon as you pay 3 monthly fees) you become life time member of the JP chat room. With that you gain access to more docs on setups and few tools that are shared/created by members.

  13. I am in my second month of training at JPJTrading. In the begining I was just as skeptical about paying for chat room. I made a decision from the beginning that my risk will be 1 month fee, and if by the end of that month I can not make enough profit for next month tuition, I will not continue with JP.

    At the end of October I prepaid next 2 months from the money I earned during training. Methods that JP teaches may not be for everyone, because it really doesn't matter what he teaches if YOU cannot adopt and trade his setups.

    I also want to correct few mis-information from earlier posts... "JP does not use hard stops".... true, but he DOES have stop levels for his trades and watches price action around them. I have not seen him "slip" more then 1-2 ticks from previously announced stop levels.

    "kamikaze trades" - not sure what it really means, but trade setups are known well in advance, and are not emotional entries. Most of the entries do not feel easy to do, but then again nobody said that trading was easy. The best trades fly in the face of "common sense".

  14. I would select pci based video card from the SAME manufacturer, that would minimize any conflict during installation.. . You can also have more then one PCI video card ( in addition to AGP), in case you find that 3 monitors is not enough :).


    There are also agp cards that can drive 2 or 4 monitirs - yet another solution

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