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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?


To: TFF who wrote (1738)12/11/1997 1:54:00 AM
From: Richard Estes  Read Replies (1) | Respond to of 12617
 
interesting. No charts, just "tape" watching. Your entry/exit can vary based on the mental weight you put on your live trades indicators as you call them. Have you ever documented the requirements for entry/exit?



To: TFF who wrote (1738)12/14/1997 12:03:00 AM
From: freelyhovering  Read Replies (1) | Respond to of 12617
 
Irby--A very informative post for a day-trader wanna be(without the time to do it). Thanks for sharing your approach. Myron



To: TFF who wrote (1738)12/14/1997 9:20:00 AM
From: TripleWitching  Read Replies (1) | Respond to of 12617
 
Myron
My software is very similar but also adds more. I have capabilities of Level 2 which shows me every MM positiion. In addition I have graphs at my disposal which I can filter to show me whatever I want. I can get 5 year charts 1 year chart 90 , 60 30 and 1 day charts. In addition I can get charts by the minute. In addition I can put different studies on my charts. MACD, Stochasticts, Moving Averages, RSI. These type of studies though are a little misleading on real tick charts because on Nasdaq you have the bid and ask with a spread. Whenever I stock is sold on the bid the studies jumps significantly and whenever a stock is bought on the ask the same occurs. Real time does not give a good picture of MACD, Stoch and RSI. My machine also will display news the minute it comes out on a stock.
So a lot of what you ask is yes I use similar equipment. MM moves can really only be captured somehow through a NASDAQ feed, or through INSTINET. I'll try to keep all the people informed at night as to what I have observed during the day.

Jeff