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Posts posted by Minis Trader
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Revised Meaning of Stock Market Terms
CEO -- Chief Embezzlement Officer.
CFO -- Corporate Fraud Officer.
BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry and the husband gets no sex.
VALUE INVESTING -- The art of buying low and selling lower.
P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
BROKER -- What my broker has made me.
STANDARD & POOR -- Your life in a nutshell.
STOCK ANALYST -- Idiot who just downgraded your stock.
STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
FINANCIAL PLANNER -- A guy whose phone has been disconnected.
MARKET CORRECTION -- The day after you buy stocks.
CASH FLOW-- The movement your money makes as it disappears down the toilet.
YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
WINDOWS -- What you jump out of when you're the sucker who bought Yahoo at $240 per share.
INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
PROFIT -- An archaic word no longer in use.
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I was listeningt o one of the videos from John Carter recently and he was also saying that in this volatile market you have to get in before the squeeze fires off because if you wait the signal is too late and the move has been made.
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Good points VJ.I think you nailed two important ideas for this thread.
1. Searching for markets in motion
vs.
2. Specializing in a market and being patient waiting for the opportunities.
As mentioned earlier, there are considerations like time of day, liquidity, etc.
Most of us have figured out a while ago that each instrument has its own "personality" and will behave differently due to manipulations or the methods of the most active participants.
For these reasons, it may be just as difficult to move around trying to jump on different trains as it is to be patient in a super-liquid market waiting for the proper set-up.
Personally, my evolution as a trader is capitulating in my ability to be patient. I find it too much work to chase around what is moving, since with a liquid market like ES the opportunities will come to you if you can sit patiently.
Personality, to me its all about personality. I started out in the equities market and slowly moved to equity options. I still trade both of these but I found the ES and YM fit my personality. I like the quick moves and the fast entries and exits.
They just fit my personality
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Here is a link to the free squeeze indicator you are looking for. I have not tested it out before so I do not know the results. If you do try it please let me know what you think of it.
http://www.traderslaboratory.com/forums/f46/bb-squeeze-replica-for-tradestation-662.html
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Welcome Jackj and keep pressing forward. The ride nay seem bumpy at times but well worth the effort!
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Hello, I am new to this site. I am using Tradestation for my trading activities and I would describe my trading style as a swing trader (no day trading), but unfortunately this style results from time to time into an intermediate term, because I have I still haven't found my ideal exit methodology.I like trend bars and the squeeze indicator(s) which I have found on this site.
Thanks for making these resources available to all of us.
Welcome to TL for NY. What markets do you trade?
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This is Ferrera-Keys to successful speculation book.http://www.mediafire.com/download.php?ytm1wtmzjwn
FYI
Thanks for the link, I will take a look at it.
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i only trade on ticks not times but i will try adjusting my tick to a different number thans for your input.You could also look at the 377 or 610 tick.
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This is probably what you want:^TTMSlingShot_SvE 10 and 20 EMA w BB
Basically you are using faster periods (10, 20) on a slower Moving Average (EMA) versus slower periods (32.4, 61.8) on a faster MA (jtHMA).
Using the Sevensa (_Sv) version of eld here because that has less problem with TS candlestick plots than the non-Sv version.
Thanks, I will give it a shot.
Have a great day
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Let's not kid ourselves...we all know the answer is always the Golden Ratio!! Hence the mystical 5/3/3 slow stochastic on any time frame for confirmation via movement in relation to price . For any of you who have never really studied any of this, it's really quite interesting how it all fits together and is related. Wikipedia such items as golden ratio, fibonacci numbers, brownian motion, stochastic process, etc.And it all starts out by adding 0+1.
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PB, Life in the Big Easy is good. People are still rebuilding and moving back to their neighborhoods. The music, the food and the spirit of New Orleans are alive and well.I havent been there since pre Katrina. I do have some friends there and they are happy with the effort to bring it back.
BTW, I love the food there!
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If you have a market that works for you GREAT! If you are looking for another market to add to your toolbelt Take a look at the YM & ES. These are some of my favorites to trade.
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The short answer is no. (though I suspect your question might simply be to get 3 posts). It depends on what you want to achieve. The requirements of a scalper taking maybe maybe 50 trades a day are going to be different from someone wanting to catch the main intraday swings.I agree with BlowFish there is no correct answer for every trader and every setup. Each trader will have their own system requirements. For me I like the 144 and 233 tick on the ES.
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Fact - A hiigh number of new traders loose money!
Fact - Many of those traders are under capitalized and uneducated without ever putting in the time and work to become successful.
Fact - Most new traders are not willing to apply the blood, sweat and tears required to become successful in this profession. They may start out strong for a few days, weeks, etc but when they dont see any immediate results they move on or wash out.
If you go back to "Think & Grow Rich", most people stop 3' short of their dreams. For some the last 3' is too much to take.
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Pretty cool looking site, Thanks
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Thank you Sevensa. You just saved these guys about $400, lol. I can't believe JC can sell a moving average indicator for that price, it is amazing what a catchy name and a little marketing can do.Attached please find two versions of the Slingshot. The one shown below in the lower panel is Sevensa's version with trendlines as histograms. I would rather use plots in TS for something like that as it is about 10x faster in code speed and the plots are a little cleaner. I would also use jtHMA (Hull Moving Average, open source) as the moving average instead of EMA - I took the liberty of changing the code; there is still an input option for using EMA.
The second version is similar except it used plot histogram and jtHMA plus an option for Bollinger band around the 'medium MA' with the option of turning off the plots.
These 2 indicators are named as ^TTMSlingShot
I have been testing this indicator and I want to make a change but I am challanged when it comes to programing. Could you make an adjustment to this for a straight 10 & 20 EMA instead of the jtHMA.
BTW I like the addition of the BB to the indicator.
Thanks
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As we all know, Fear and Greed drive the stockmarket - and life in general.The fear of failure and the pursuit of more (Greed).
What drives you most in your trading ?
I must admit that I am slightly more driven by fear, than I am driven by greed. There are a few times when I have sold stocks too early, in a knee jerk reaction to a short term fall.
I am however starting to balance the fear and greed factors, which is helping my trading performance.
For me it would be more Greed. Well come to think of it I dont know if you can call it Greed, it is more of being anxious to trade whan there are no clear signals.
Well maybe it is Greed, oh heck I know I am a bag full of emotions and there are times that they sneek out and get in the way of my financial plan!
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Hi Minis Trader,Great points. I do review my goals daily and find that most beneficial to keep everything fresh on my RAS (reticular activation system).
By having a smaller goal set as you get started you will be able to focus only on setups that meet the rules of your system and you will start to build belief in your signals.
You just have me an awesome idea. I have a struggle with thinking I’m limiting myself and my system by lowering my goals to $250 a day. But, one of the area I am in the process of overcoming is to enter the markets on time off a valid signal from my system. Starting Monday I’ll enter the markets with valid entry reasons and then just immediately follow up (with a stop) and a limit order at a prices target of $250. And if the trade rides through to my actual system target then I can take profits on paper for now. At least this way I can train my brain first to get comfortable entering in on time.
My friend you are brilliant.
Thanks a ton!
Ryan:)
Glad to hear that it will help, let me know how it goes.
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:doh:Was that 2 full days of papertrading or half days?
Word to the wise - takes a little longer than 2 days to master any trading platform, let alone even begin to make money.
You hit the nail on the head Brownsfan019. The sad part is he knows better, he trades equity options successfully so I believe he got caught up in his success in that market.
Kinda like a baseball team in first place playing the last place team and loosing to them. They figured they were better than the last place team so they didnt really have to try.
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Is 89 a Fib number ?89 is a standard number in a fib sequence.
Bump:
21+34= + 34 =(teach a man to fish )
Thanks Kiwi I didnt see your post when I had answered.
OAC here is the sequence that gives us 89 tick.
0+1=1
1+1=2
1+2=3
2+3=5
3+5=8
5+8=13
8+13=21
13+21=34
21+34=55
34+55=89
etc
Happy Trading
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I like tradestation for charts and data and Infinity for execution.
Introduce Yourself Here - Don't Be Shy!!
in Beginners Forum
Posted
I dont do many stocks anymore mostly emini and equity options.
Happy Trading