To: Trading Machine who wrote (6506 ) 8/6/1999 10:50:00 AM From: MonsieurGonzo Respond to of 11051
TM:" charting... " >What charting tool do you use Steve ? I use this Equis "MetaStock for Windows" software package, Paul...metastock.com This is a so-called "end-of-day" charting tool. It has a lot of automatic T/A stuff that I never use {grin} as I fit all these magic lines by hand. Things like moving averages are computed automatically, though. In addition to buying the charting software, you gotta subscribe to some kinda end-of-day update service; so I subscribe to the "Reuters DataLink" service. Around 1800 EST or after, what you do is fire up MetaStock, click on "DownLoader", click on a couple other buttons and it links to Reuters via your open 'net connection, grabs all the data for your charts and updates them automatically. There are different "levels" of Reuters service. I get all the stock data and all the indices data. I do not subscribe to their futures data or their commodities or options or funds data. During the day, Paul, I use net-based chart generators. I feel totally helpless without quote.com's java chart generator...quote.com Their intra-day stocks/futures/options charts are delayed , but all their indices are real-time , for free. And like you and Berney, I also use the IQchart site sometimes (because it has a very nice intra-day sto thingy). Jurgen turned us on to the MSN-investor site's portfolio manager thingy some time ago, and I use it a lot - I have all my sectors w/component stocks set up there...investor.msn.com ...and it is a great portfolio and/or sector tracker. But I have the same info (portfolio, sector indices w/stox, etc.) loaded into MyYahoo! and I use it every day (because MyYahoo! has a nice Reuters newswire feed). what it looks like here... The desk here is "L" shaped to the left and in front of me. I'm upstairs in a kind of "loft" with skylights but no windows. I have MetaStock with all my reference charts running on an old IBM ThinkPad 760ED connected to a Sony desk monitor on my left; it's off-line most of the time, but I'll use it as a back-up if I have to. I got the empTeeVee with CNBC on it, sound off next to the ThinkPad, and then a white-box desktop PC with a large monitor in front of me. It's connected to the 'net via ISDN, and stays on all day. Normally I run 4 browser windows; from left to right - MyYahoo (news) / DATEK (real-time quotes) / quote.com (intra-day charts) / "other" / ...where "other" is E*TRADE, DISCOVER, Brown&Co broker accounts; SillyInvestor; CBOE (options info); MSN investor; etc. How do you guys set up your trading stations ? -Steve