If you're getting up in the night the night for Eurex and also trading 09:40 - 11:30 EST, my advice is just to forget the markets after 11:30am. Go play at a hobby, relax or do anything other than trade. There's no need to trade the last period if you are succesful earlier. That's the trouble with Americans - you think you should be working all the time
I've been a TradeStation user for many years and really liked TS6 - the convenience factor of it was great. But the fact that they don't carry data from Eurex was totally inconceivable to me. Hello - there is a world outside the borders of the U.S.!!! I asked them WHEN they planned to add Eurex, but they wouldn't give me an answer so I closed the account. I've dealt with them long enough to know that such a response can mean "two years from now"! A key thing for me that that their order entry platform for futures is goddawful. I guarantee that when you switch to IB and use it with a program like NinjaTrader or Bracket Trader ...you will think you were in the dark ages with Tradestation! I looked into the various datafeed options for Eurex and tried out IB's feed with Sierrachart before I shut off TradeStation. I wanted to see if the fact that IB was only 'snaphot' not true streaming would make a difference to my trading. So I compared the ES and NQ side-by-side for month. I found that it was irrelevant. IB was good enough. I also know that they are one of the fastest data providers for Eurex. But it is not data-on-demand so you have to have a rock solid internet connection. My DSL provider has been rock solid for months and I've been very happy. But lately they've been screwing up. So I'm thinking of adding MyTrack to my system. This works with SierraChart. For a total of $68/month I can chart my four symbols and get 15 days wirth of backfill intraday data on demand at any given second. What I will actually do is run them both at oince i.e. Have one Sierrachart with MyTrack datafeed and one Sierrachart with IB datafeed (since this only costs 8 Euros a month!). You don't pay for two Sierracharts - just one can be loaded as often as you like. That way, if ever MyTrack is down, I'll still have my IB charts. Hopefully I'll be covered 100% this way. I actually have yet another SierraChart used in conjunction with HQuotePro just for stocks. It collects free data from Yahoo on my stock portfolio. As you can see I like to separate and run different Sierracharts for different things. I'd get cluttered and confused otherwise
Hey JR Im going to give your solution a try. I filled out the IB application already and if I am lucky perhaps I can get my account activated quickly. In retrospect, I should have left my old account at Man Financial active as a backup. Commissions were high, but you could count on getting a reasonably skilled person to answer the phone every time, and access to all markets Oh well, Good Luck tomorrow. Regards, Steve46
I did, but did not feel sure about it, for the reasons stated... seems like a pullback that crosses all the way to the other side is too much of a good thing? Comments?
Your moving average line does not look as smooth as mine. Mine continues down without such an abrupt jump up. Perhaps you should check that your moving average is really a 10 period moving average? I did not take the trade because of the big pullback, though yesterday had winning trades that had also "failed" that orthodox test.
Probably too much. Generally, a countermove of more than 50% indicates too much pressure on the opposite side. Granted the inability to make a new high suggests that that pressure is not enough, but there are obviously pushes and pulls that have to be balanced out before the instrument can take a particular direction and show trend. This will usually be shown by tighter bars.
I see the difference, he is using EMA and I am using SMA. Therefore his line is more influenced by more recent bars.