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.
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
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)
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.
thanks