I agree with you Mark, apparently we are in the minority on this thread! :D
What would you call them then?
good luck and remember trading is a marathon and not a sprint. Take the proper time to learn this game, be humble and try and learn something from...
Cant ever underestimate the importance of discipline, I agree wholeheartedly.
I beg to differ. TA, even the classical patterns in books gives you a basic idea of patterns that the mkt prints time and again. BUT, learning to...
Liquidity isnt an issue, if you can trade 5 lots, 50 lots should be mechanically the exact same (no slippage). My guess is either this guy is just...
I dont know about sims but you can use camtasia software to record your screen during the day (ie your trading platform, charts) and then replay...
Dont knock the scalpers, a very good scalper can out earn most anyone with the least amount of risk :) That being said, I am powering down,...
When is the "airing of grievances"? :D
For a beginner, I'd say the leverage is fine, as I am sure they will bump you up as you progress. Honestly, 1 penny a share is high but 98%...
Mike is correct, DOM=depth of market
Its a tool (through Quote Tracker) that projects out the volume of a given bar while its forming, it will decrease or increase as the bar becomes...
I'm not sure I understand, maybe I am using the term "DOM" incorrectly but what I am posting is my MDTrader (market depth) which shows five levels...
which is why I always tell people, if you want to get into trading fulltime, you HAVE to be 100% commited and passionate. Otherwise, you wont be...
Just watch the DOM and/or record it for the next full year and study it everday in conjunction with the chart of your choosing (1min, 5min) and...
Whoa, you sound like the one assuming that the DOM is ONLY used to see placed orders. I told you specifically that I dont use it for such and find...
Personally, I use the DOM and it works for me. I dont focus on bids/offers, I focus on the tempo with which bids/offers are moving up and down....
DOM patterns repeat over and over again, just have to make sure you are in the right context to make the correct trading decisions. Really hard...
I use: 5 min ES bar chart w/ volume Pro rated volume tool DOM (to gauge price action/place orders) thats it :) oh and live news feed...
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