Unchanged stops, how to handle them? Many years ago I was one of the brokers for one of the largest independent traders in London, I used to handle his T-Bond and S&P business. 100 lot T-Bond positions were just a snack for him, 1000-2000 was more ...

What is your secret and edge?

24. Don't risk proper money in this game until you prove to yourself that you can make. Someone here mentioned a profitable 200-250+ trades (minus costs) and that looks good advice. Risking small money is always better than dummy trading so pick a ...

What is your secret and edge?

22. It really is amazing how often we are wrong when 'thinking' about where price is going, ie having no position but saying it's going up. I therefore ALWAYS consider the other side of the market, doing that really helps me get on good short ...

What is your secret and edge?

20. This is a really big one- LOOK FOR TIMES WHEN THE CHARACTER OF PRICE CHANGES. For example, up price goes through an indicator, then it goes down, then it goes up etc, price is dicking around etc. Then we go up again but HOLD, then we move a ...

What is your secret and edge?

10. If you commit to a trade with a stop, NEVER move that stop the wrong way, only move it the right way. Buy Euro at 1.1050, stop say 1.1038 so never move it lower than 38, moving it greater than 38 is fine. 11. I've found a simple parabolic stop ...

What is your secret and edge?

Secret 1. Forget 'systems' the market is a moving beast with so much emotion, trying to wrap if/then statements around that is very hard. Systems generally only work for big money managers because they can offer 10%returns and still make a fortune ...

What is your secret and edge?

You're right, it is 15m not 20m. 15m is still a big annoyance though. 5pm NY is 9am in New Zealand so I suppose on the 24 clock that NY time is the best slot available. ...

Interactive Brokers - experiences and opinions

Ensign Playback is really good for practice. Playback at normal speed all the way up to 20x. Pause whenever you want.

historic data - playback

Just to balance my IB review out, 2 things I really don't like about them - 1). They re-boot their servers at 5pm NY time, in effect turning off their trading for 20 mins. Not always of course, but maybe once a month that can lead to a 10-20 tick ...

Interactive Brokers - experiences and opinions

Now we're getting somewhere FX, there is NO right answer, mine is good for me, yours is good for you. I also think we might be mis-understanding things here. You are 100% correct, it would be an outrage to pay IB for an extra order entry software ...

Interactive Brokers - experiences and opinions

You don't have to pay if you don't want to or view Button Trader as not worth the money. Nobody is putting a gun at your head and nobody will. Your decision is the right one for you. But for me, the right decision is to pay and I'm very happy with ...

Interactive Brokers - experiences and opinions

Please put me on ignore Forexia because you're being very naive. Be a sneak/grass as well if you want and report me, I'd love to see if the Mods agree with you that I'm pimping IB. IB is a multi billion $ capitalised firm so to suggest they're ...

Interactive Brokers - experiences and opinions

DAX - a number which goes up and down. Traders who want to enter the market have only 3 choices - go to market, enter via a stop, enter via a limit order. EUR-USD - a number which goes up and down. Traders who want to enter the market have only 3 ...

Interactive Brokers - experiences and opinions

How do you know that 'FX Traders don't just look at the chart, they actually trade OFF the charts'? Have you asked all of them, probably 500k+ the world over? You didn't ask me for example because I don't trade OFF the charts. IB has a lot of ...

Interactive Brokers - experiences and opinions

I wouldn't think there's one person who uses Button trader for their charting, it's not supposed to be anything but very basic (nothing can even be changed) but soime people might find useful for visualisation purposes. Most people would use at ...

Interactive Brokers - experiences and opinions

Here's a screen shot from my Button Trader. 3 main markets, Eur, Cable and Dax. Others available on Tabs. The boxes on the left of each market are my pre-programmed trades, one click of either puts a certain order in to be working (size/limit/stop ...

Interactive Brokers - experiences and opinions

FX is no different from e-mini or any other market, they're all just numbers, all have a bid and offer so Button Trader works tremendously well with FX. I also use it to trade the DAX and there's no difference. Like I said, all are numbers. From my ...

Interactive Brokers - experiences and opinions

IB's a great broker no doubt about it. But their software is cranky and a bit shitty. So take that out of the equation and use Button Trader. Yes it costs but if speed is your game (in entering orders), BT will super charge IB. I love it but as with ...

Interactive Brokers - experiences and opinions

Steve If I took away both the price scale and the time scale on a series of say 6 charts (so all you could see were the bars) and then asked you or anyone else to tell me which was the 5m, the 20m, the 240m, the daily, weekly, monthly it's odds on ...

Building an equity millipede

Steve It's not about setups on the 5m, these setups happen in ALL timeperiods. If I traded the daily chart, they would be there as clear as a blue sky.

Building an equity millipede