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BrianNC

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Posts posted by BrianNC


  1. I can't believe it - after emailing esurance customer service and 5 days later, somehow they re-rated me w/o the accident. My renewal is actually cheaper than last year's renewal. Looks like I am staying put assuming the bill reflects this properly.

     

    I had given up hope w/ them but thought I would send an email and see. After receiving the standard 'sorry, we can't do anything' and being persistent the rep did some 'research' and it's been lifted from my record with them.

     

    I'm still going to shop around to see but last time I did this no company could come close to esurance. I know it's nice to have an agent you can call but I rarely use this stuff, so email/online is fine for me. Actually, I prefer it.

     

    That's great!

     

    I would check some more if you've never had an accident or any recent tickets. Who is your actual insurance company? Esurance just seems to be a clearinghouse or broker for many companies.


  2. In looking for another company, I would call an agent and tell them the situation and see if their company will actually do reasearch or let you provide the proof and not rate for it. If your record is clean other than that, then you should be with a standard company like Stater Farm, Allstate, etc. I'm not sure who you are with since you said einsurance. I assume they are just a broker. You mentioned State Farm. That is who mine is with.


  3. Brian - esurance knows I wasn't at fault b/c no claims were made! And their rep told me that too... BUT their policy is that if something is on your BMV, you are rated.

     

    So my Ohio BMV shows 'accident' doesn't show fault or anything, just that I was in an accident. And esurance says - too bad, you are now rated.

     

    I've since found out that each company handles this differently. Some do what esurance does and others do not penalize you if you were not at fault.

     

    I will continue the shopping around next week. I just can't believe this is even a possibility.

     

    Did you ask them if it was removed from your record that they would put you back to where you should be? You've got to get it off your record. Most insurance companies are that way. People would come in for insurance and tell me they had no tickets, then it would come back rated, and they would say "That was dismissed!" And I would have to tell them, it may have been, but they didn't remove it from your record so the company is going to rate for it. But if they could get it removed from the record, then I could talk to an underwriter (when I was an agent) and normally get it handled. Or when I was an underwriter I could re-rate it. You may have this problem with most insurance companies. So I would start working from the getting it removed end and talk to DMV about what you need to do if you haven't asked them yet.


  4. I used to work in car insurance from the agent side and the underwriter side. Did you tell the person at your insurance company that you were not at fault and that the other company paid everything? There is no way your insurance company should be holding this against you and from what I see, no reason it should be on your BMV.

     

    As an underwriter, if there was a dispute like this, the person would have to send me proof of what they were saying, and if they did, we would take it off. Or I may have had them get it removed from the BMV and then get proof of that. It's been a long time. I'm also trying to figure out it being on your record when you weren't at fault and weren't charged. It's been a long time since I did that kind of work, but if you care to go through it in a little more detail, I may be able to think my way through it more clearly and possibly help you.

     

    But the first place I would start is explaining it to my agent or whoever and ask them what I needed to do, and do the same thing with the OH BMV and see what they say, and get a clearer understanding of how they post accidents when one is not at fault, etc.


  5. And there's no guarantee that if you can paper trade successfully that it will translate to real money profits. I'm sure there are some great paper traders out there that have trouble when real money is on the line. There's an entire level of psychology that is not present on paper trading.

     

    It was night and day for me. You don't really understand the difference until you go live. At least that was the case in my experience.


  6. I really do not want to get involved in an internet skirmish. But Brian, I believe that Sevensa was perhaps taking some offense to the implication by snagbird that since I do not find paper trading to be particularly useful that I must am likely suffering from emotional problems and burn out accounts.

     

     

    LOL. Missed that part. :)


  7. I've already made my point. Read and find out who you are talking to before making wild statements. Unfortunately you seem to miss the point and/or is more interested in being argumentative. Good luck to you.

     

    He was just stating his opinion, and it happened to be different than Thales. I see no 'argumentative' intent to his post. He can't post an opinion if it differs from Thales? I imagine there are many on both sides of the sim argument.


  8. Brian - as someone that has tempted playing the forex game, I always come back to just trading futures. There are currency futures and if you are already trading futures, it's a very quick change on your charts to pull up that data. And there's some other reasons to trade futures vs. forex as well, but I don't want to derail your thread too much. ;)

     

    You can derail it if you want. I got my answer the my question. :)

     

    As you know, I post in the P/L thread and have been sim trading the ES which is my goal, but I got to thinking about opening a micro account just to start trading real money on a small scale for 'real' practice. That was my thinking about trying Forex.


  9. I am new to Forex and something I was wondering. Are there currency pairs that I should not take the opposite direction in when trading because they always move in tandem? In other words, say I put two different trades in on two different currency pairs at the same time, and I go long one, and short the other, but those two pairs always move in tandem so you should go in the same direction when trading those two markets at the same time. Hope that is clear.


  10. I often use +50 and +100 when I cannot be here to babysit the position. And if you look at the four hour chart, you will likely see that given the velocity and pattern of the recent decline, the targets were justified. Of course, I had no idea that the targets would be filled before I arrived back from my meetings, however.

     

    Best Wishes,

     

    Thales

     

    Thales, what month do you use for the currency pairs charts in NT? I went in and added the symbols, but the charts plot like they are old contracts.


  11. Here is my favorite scalp. It's a price pattern using range bars. Doesn't work on time based or tick charts. Only a 6/4 range bar chart pair. This will give you an idea of what you will be working towards.... your own style and approach as well as setups you have tested and established as a "works for me". Take everything here and everywhere else about trading with a test it and see attitude. No one, absolutely no one, knows what's going to work for you when it comes to trading. Give it lots of time and let it develop!

     

    edabreu, could you explain that a little better and elaborate on what's in the chart? Having a little problem comprehending it all with just the notes on the chart. :)

     

    Also could you explain what you mean by a 6/4 range bar pair. Not real familiar with range charts.


  12. It's not a new idea. I remember places like that from 10 years ago in the .com bonanza. I don't know if you remember the story of the daytrader in Atlanta that went berserk and killed several people on a shooting spree at the brokerage he traded at, but they had that kind of setup. Here is a paragraph from one of the stories:

     

    "Houtkin said that people come in to All-Tech's Atlanta branch office and trade stocks for their own accounts. "From what I heard from my staff here he had not traded since the end of April. So I don't think it had anything to do with a down day in the market," he said. "Dealing with the stock market is difficult enough. Dealing with something like this is a nightmare."

     

    He would go into the branch office and trade. I remember a few of these in Atlanta back around that time. So the idea is not new. I think these kind of trading places were pretty popular at the time.

     

    One of the firms he traded with was Momentum Securities. Here is a paragraph from a story on them from 1998:

     

    "With over 100 on-site trading customers and an 8,000 square foot facility located directly across the street from the University of California, Irvine campus, the newest Momentum Securities office is the largest on-site electronic day trading facility in the country...The Irvine facility currently operates the world's largest and most successful day-trading school, with a 20-day intensive course producing over 40 graduates per month."

     

    It seems they trained them and provided a place for them to trade. If you are interested, if you never read the story about the daytrader that went beserk and killed his family and several other people at the trading offices, the link is below. You have to scroll down a little for the story.

     

    CNN - Suicide of Atlanta shooting suspect ends 'unspeakable day' - July 29, 1999


  13. Thank you for your reply. I understand you two gentlemen disagree but that is fine ..I am also very pleased that you know enough to be right. Good for you ,,

     

    Grey1

     

    Why don't you start a new thread on exactly what you are talking about? I would like to see what you are saying as compared to the others. Post a link here though. I don't get out of this thread too much so I probably wouldn't see it.


  14. I first started day trading the emini nasdaq in in about 2000. I only had a $1200 account and didn't know much. That was back in the .com boom and all the markets moved a lot every day.

     

    I was dumb and didn't know much, and my 'wipe out' trade was one that went against me and I didn't have a stop. So as the trade went against me and was wiping out my account, I kept hoping it would turn, and finally got out when it got close to me not having any money left in the account. Of course, right after I did that it turned around and I would have ended up getting getting about half my account back.


  15. Sorry, hit submit instead of Manage Attachments in the other post and I can't figure out how to edit and attach the chart.

     

    Sim trading. Another overnight trade. I wouldn't trade this for real as was discussed in an earlier post, but still using it to practice setups. 15 min. chart. bought on breakout of channel (actually somewhat of a bull flag) at ellipse and the target was the previous high of 1081.50 of the long candle to the left. Had my target set at 1081. Target hit for 3 pts. (Ignore the 10 contracts, I only trade 1. It set itself to 10 for some reason and I didn't notice it)

    5aa70f3c2ca46_ES12-0910_14_2009(15Min).jpg.858a3d85b84992a5da50dfafc37c3c51.jpg


  16. Sim trading. Another overnight trade. I wouldn't trade this for real as was discussed in an earlier post, but still using it to practice setups. 15 min. chart. bought on breakout of channel (actually somewhat of a bull flag) at ellipse and the target was the previous high of 1081.50 of the long candle to the left. Had my target set at 1081. Target hit.


  17. One thing I noticed Brian on this chart - looks like your profit target was 73.50 and looks like price touched that. On the ES, you need to assume that price must trade through your level to ensure a fill. This is an issue with sim trading, but here's a quick workaround - whatever your real-life profit target would be, put it 1 tick above/below on simulation.

     

    For example:

    Your real money profit target here is 73.50

    On simulation, put your profit target at 73.25

     

    This will keep your profits in check with real-time trading on the ES. This is one disadvantage of the ES to other markets but personally I always want to assume worse case scenario when going live. Yes, you might get filled at 73.50 but that's a 50/50 shot at best. If price touches 73.25 (even for a split second) that means all 73.50's have traded through.

     

    Better to head this off now than when real money is on the line b/c you don't want to fool yourself into thinking you will always get that same fill on real production.

     

    I noticed that myself. It normally trades through my target before it will register. I am not sure why it didn't on this one. It did go on to hit my target without hitting my stop on this particular trade though. Thanks for the heads up. I am not sure why it did that. I need to watch and see if it continues to do that.


  18. I'm the same way Brian. As the account sizes grow, I incrementally add to my contracts traded. No need to start looking for more trades, just trade more size. The particular account being highlighted in the p/l thread is a smaller one, so I'm keeping that at 1 contract basically for now. If all goes as planned and I'm still posting, I'll add size later.

     

    IMO the way BR trades is an excellent way to trade when you find 1-2 setups per day that you can count on. He's trading the ES, so you can take on substantial size w/o affecting the outcome which is nice.

     

    If you can tell me, how do you exit? What keeps you in the trade? One of your trades today was 31 ticks and another 23 ticks. That's a lot more than just the 4 to 8 ticks I would be looking for on the ES.

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