This video goes over the fib confluence indicator and also Thursday’s trading. Another day of small profits, but this time I felt like I was trading well. I only traded a few hours of the day, because as with most Thursdays I was out and about. I also took a phone call from a guy that would like to pay me for some tradestation coding work. If anyone else is interested in having some custom code written for TS, I can usually do it pretty cheaply. I’ve done an IB add-on before as well, but that’s a little more complicated to deal with than EasyLanguage.
I also want to plug this guy’s videos:
… you think I’m long winded… this guy routinely posts 30 minutes of videos a day, and I’ve been watching them pretty religiously lately. Mainly, I watch because his entry and position management style is nothing like mine, and he puts on a pretty good display of discipline and consistency. He also watches the bid/ask action in a way that is at least similar to what I used to do, so I enjoy hearing that. He trades stocks using mostly just moving averages and market context like sector strength.
Watch this post's video on Youtube
Watch this post's video on Youtube
January 3rd, 2008 at 7:05 pm
richard: here’s an alternative view…when it does break thru the confluence, look how powerful it is…not sure how u would determine it in advance, but look at how it acts after the break…many times it pulled back to the confluence (which is now support)…that may be a way to trade it also…looks like powerful support in my book
January 4th, 2008 at 1:02 pm
by IB add-on do u mean an ATS? also, do u know if there is a way to trade the ATS if the computer is not actually up and running? i can press the buy and sell buttons when i get a signal, but if there was a way to do it, i would like my system to run even when i’m not able to monitor it (i think)
January 4th, 2008 at 1:09 pm
IB add-ons talk to your TWS, so your TWS has to be running. But, you can have a program send orders on your behalf. I didn’t make an ATS, though. I made Eyal a kind of radar screen that he could use to monitor stocks based on custom criteria. I don’t know if he still uses it or not.
January 4th, 2008 at 1:21 pm
thanks