AbeSmith

Sorry guys if I'm repeating what is already knows, but here is a good example of how I see the DOM useful. In attachment 1 you can see that there are several bids over 100 which stand out when price was dropping this morning, at 13908, 13906, 13901. When I see that I ask, what else makes those numbers significant. 13908 is the 200SMA on the 5 minute chart which is a significant support resistance point. 13906 is one point above the PP pivot for today. And 13901 is Friday's close. And sure enough, price hit a low of 13897 and then climbed. It might seem a bit of a falling knife situation to try to cash in on these, but it seems to me that if it is not a major news type of decline there should at least be some bounce from these points, 5 or perhaps even 10 points, even if you are wrong about the overall direction. So if you take a big portion off at 5 points and 10 points then you might get a free trade, or make some money if you move up the stop a bit, even if you are wrong about the overall direction.

Yeah. Would be nice. Thanks.

Is there a free market profile? I'm using Open E Cry demo account but didn't notice a market profile.

Very interesting post Brownsfan. I'm reading Schwager's The New Market Wizards and what you describe sounds familiar to something I read there but I don't remember the specifics. Right now with my trading I'm getting to a point where I'm starting to pay more attention to the DOM. On the YM sometimes there are orders over 100 and those orders stand out. I like to see those orders on my side of the trade, but since I don't have enough experience watching how these big orders play out I'm not willing to trade off of them unless there is another reason for the trade.

I tried Interactive brokers simulater and was not satisfied with it for daytrading eminis. I also tried Ninja Trade briefly but it did not appeal to me. I'm interested in Infinity, but I think they intend it as a demo rather than a simulator, so not sure if they will allow a long term use of it. Currently I'm using Open E Cry.

Nice looking dog Brownsfan. She looks very pampered.

Thanks guys.

Hello. Here are some pics of my best bud. I just couldn't resist. His hobbies are cuddling and walking. Every morning when my alarm sounds he comes to me a starts to cuddle. I trained him to walk without a leash, which we're both happy about. The commands he knows are to slow down, stay, go certain direction, and often he understands what I mean even if he doesn't know the words. He's actually very good at walking without a leash, even in busy streets in the center of town, which is where I originally taught him how to walk when I was living close to a university. There is a pic there of his dog house which I built for him. It is insulated all around, top and bottom with pink panther insulation. It needs some shingles. But unfortunately some wasps have made their home their. I knocked their home down several times but they rebuilt it and now it is a huge wasp house. So he stays away from there, which for him is good because he gets to spend more time in the house.

Ahhhh. How cute. Especially the German shepard.

Ahhhh. That's so cute. Mix of 2 of very cute dogs, Lab and Rottweiler. I have a Rottweiler. He's about 6 years old. He's very cute and smart. It's great fun.

Congradulations James. Perhpas you can provide some photos of your dogs.

Don't worry buddy. Things will work out.

The host said something about dragging the chart to the other monitor. But again, he may have not understood my question.

Hello. I just want to add regarding my highlighted comment above that Sierra chart may allow you to view multiple charts on different monitors. At the Infinity webinar this morning the host said that there is a way to view the charts on multiple monitors. I did not figure out how to do that when I was using Sierra. And I'm not certain if the host understood my question. Either way, if you are interested in using Sierra you might want to look into that.

Hello. Dow is down. We had negative economic data this morning. Good trading.

Ah. That makes sense now. Thanks.

Anyone know what the close of the YM was yesterday? I'm confused because on this site: http://www.mypivots.com/dn/?symbol=29 it says the close for Sep. 5 was 13343. But looking at my 5min chart I see that the closing price at at 3pm was 13319.

Hello ladies and gentlemen. Currently the Dow is slightly up. World markets are mixed, with Asia mostly green and Europe mostly red. Good luck.

Thanks BlowFish.

Sounds like the right decision James.

Hello. I'm sorry I missed the morning session. I was away at a job orientation. I will be working on and off for the next few months, so some days I will be around for regular market hours. I'm stopping the detailed annotations of my trades and see how it works out. It is very labor intensive and keeps my attention away from the market. I want to thank the people who have been looking at my trades and advising me. You have been enormously helpful and I hope that I can return the favor.

Too much trouble IMO. I will close my IB account and save the $10 per month that I get charged for not trading. Their technoloy is very poor for day trading.

Thanks mkp14. I'm moved away from IB to Open E Cry for my paper trades. It's $24 or something around there per month for simulator account, but it is the best deal I could find. Good charting, good DOM, clean and user friendly. I tried Ninja Trader's simulator acccount running on IB feed. Other than the fact that the Ninja Trade part is free I'm not impressed with it. So it looks like I'll be staying with the Open E Cry for paper trading.

Hello. Just wanted to point out a couple of trend lines that I drew earlier this weekend that were and may be significant today. The upper most and middle trend lines. The middle trend line broke down later, so I drew a 3rd trend line today. Then price went up to the middle trend line, looked like it was going to kiss it goodbye. But instead it hugged it for several hours and recently broke through.

Ok. Thanks Walter.