Hehe. My dad does pre-foreclosures. The problem is most houses have no free equity as the values have flipped. Makes no sense to take on those kind of properties, and when it goes thru foreclosure the bank gets first crack at the deed. They'll take ...

Financial Porn

Hrm, that book any good Ron? Haven't read it. I recommend Price Patterns by Martin Pring. Excellent book for technical traders. I recently picked up a copy of Marber's book too, haven't read it yet, but it's got some similar tones. Alexander Elder's ...

Forex chart anaylsis

It's a general pool. All loser's money goes to the broker, winner's comes from the broker. The bucket shop broker loses money when people win, but they've had a lot of time to perfect this science. If your account shows a consistent positive balance ...

Who really pays you the profits??

Some work, yes. None of the public ones do, tho. It takes a lot of research time to find an edge precise enough to work in a mechanical trader.

Forex Software

Well then it wouldn't be an ATR indicator, it'd just be a daily open/close range indicator. But yea, I'm sure they're out there.

ATR using O/Close

Actually the way ATR is defined... it uses neither, strictly speaking, as it uses a combination of previous-day closes and highs and lows. From: url Wilder started with a concept called True Range (TR) which is defined as the greatest of the ...

ATR using O/Close

Shrug. Wish we had a trading firm here in town, be a great way to fast forward the learning process.

what is a prop trader?

1T of what currency, yen? If that's the case I'd take an opposite standpoint. Those kind of reserves should be put into action so the economy can grow, if they're that focused on controlling inflation w/o properly stimulating their economy their ...

JPY dollar reserves

Nod. That poses a good question tho... those terminal hand-helds you see floor traders walking around with, are those just order terminals or do they have a charting capability too? Of course none of that stops anyone from bringing in a 2nd system ...

How do floor traders keep track of prices?

Hmm, similar... maybe I can use the polygon method.

Price Density Index

Opie, yea that rainbow look is how I kind of see it mentally. I'm not sure how to draw that tho, at least not the way I want it. I think I've got the array problem solved tho. Maybe, but what would you plot that in a window? Remember that we're ...

Price Density Index

Depends on the pit I'd imagine, but a lot of them have local terminals w/ bar charts. There's also a mental component, take a look into tape reading.

How do floor traders keep track of prices?

So what you need is an indicator... wrote this to monitor multiple TFs. I use MA crosses as an exit signal. You'll need to tweak the MA settings to whatever you want to use.

MA Cross Optimization EA (very cool)

If you can find a good way to identify and quantify local areas of S/R for an EA, by all means let me know.

MA Cross Optimization EA (very cool)

Trends and larger profitable traders. If they don't offset their net risk they can go bankrupt. It's happened before.

Would you trade more if broker fees were lower?

Have one, you'll find they don't really share any common links like a specific MA. The trend often wins on a pinbar. For instance if you look at the EURUSD long trend you'll notice a lot of pinbars down, the next bar sometimes closes down, but it's ...

MA Cross Optimization EA (very cool)

Nod, that works. However what if the traffic light had a random number of possible colors (based, say, on a random fraction of a full RGB palette) and it randomly chose one, and traffic had to choose an optimal action based on the color and the ...

MA Cross Optimization EA (very cool)

Nod. We kind of went in a big circle. We both agreed that the markets are not purely random based on a number of reasons, but the thought exercise was based on a random data set. The irony is that a purely random data set is easier to trade because ...

MA Cross Optimization EA (very cool)

Hehe, what you're talking about is a random distribution or a chaotic data set. For instance rolling a dice with a constantly changing number of sides. This would occur whenever the number of possibilities is unknown or whenever there are ...

MA Cross Optimization EA (very cool)

Nod. I guess what I'm saying is that if you look at the lower TFs you'll notice patterns that better define the basic NR patterns.

EA for NR7's