Quickly put together a helper page last Wednesday (?) to calculate the extended Pivot Points. Takes in a symbol, gives you the values for S5, S6, R5, and R6. Note: This is for those that use the DAS Study -> Pivot Points w/ Camarilla and Post/Premarket data included. > Special Note: Daily charts in DAS exclude the Pre/Post market data, so the data will not align (thanks to RP for pointing this out), please use an intraday chart when comparing values. Create a hotkey in DAS with the following script: https://kaelmedia.com/projects/tradepivots/?symbol=%SYMB% To use, just select a montage and hit the hotkey you just created. It'll launch a browser window which tells you the levels for S5, S6 and R5, R6. You'll need to mark these manually on the chart. The API I use for the data may not have all stocks, so just be aware if you don't get a value to first check that it got the proper symbol. It should say the symbol on the page, if not, try it again. BONUS Tip!: For those that experienced the PivotPoint wackiness over the holiday, you can fix this by right-clicking the chart -> Data Config -> Set to 5 Days minute chart (get 5 days worth of minute data is what this means). It'll then have the data necessary to calculate correctly. The default value does not have enough data to span the holiday. Also, may I suggest that Peter's next Thor theme song be a cover of "Amarillo by Morning" as "Camarilla by Morning".

Over the past 18 mths more and more traders in the BBT room have been asking about the Elliott Wave Principle. I am starting this thread to help expose interested persons and help solve any problems that BBT traders may have with EW Principle. Personally I have been using EW since 2008, full time, and it has helped with my ANALYSIS of the markets, any market, any chart with a large number of players. It was not easy, as EW is an art, is has rules and guidelines which must be followed and it will usually (high probability) put u in the right direction of the market. Remember it is an ANALYSIS tool, mainly, not a trading tool. I will update this thread as the questions roll in, and provide my insights for the community to learn together. So shoot......... pls no blanks A good starting point is "Elliott Wave Principle: Key to Market Behavior by Robert Prechter, A.J. Frost" . A free copy is floating around the internet some place. It may even be on Robert Prechter web site, https://www.elliottwave.com. It is generally a very easy read, the first few chapters r the hardest but simple simple after u get past those, IMHO. I got my copy free from his website many moons ago. Try this link. May need to create a free account. https://www.elliottwave.com/free-reports/elliott-wave-principle/#1-1

It depends honestly, but I use the EMA more often than not because I usually set my stop-loss right under them if they are holding well. I guess the only time I really consider the VWAP is during ORBs. In order for me to take an ORB the price action must be close to the VWAP. For my ABCD patterns I focus on the EMA because it allows me to get a tight Risk to Reward. However, if the price action is really far from the VWAP I will not take the trade. So do not get me wrong the VWAP is important, but it is just another tool for me. For example, if you see my SPCE trade the price action broke the VWAP, but was unable to break the 5min 9ema.

Hey question, you guys are talking about the 9ma a lot with no mention of the VWAP. I'm not familiar yet with using the 9ma for anything, but was under the impression that VWAP is the most important technical indicator for trading, and have seen it used specifically for ORB trades. Thoughts?

That correct Matt, the best approach in my opinion is to work on building skills, growth mindset, proper risk management. Strategies are only small part of the game. The edge is not in the strategy itself, it is you who execute the strategy and here many things come to deal with - emotions, risk, stress, decision making, uncertainty, randomness. Once you start understanding the price action start building your mental capital which is as important as your account capital. There are wonderful materials in BBT Education center on the topic of trading psychology to help you with this part of the journey. Thanks for asking, I have been progressing slowly. First few months were disaster, I just couldn't understand anything although I spend 3 months watching all the lessons and webinars in BBT, read books, taking notes and studying. I went back to the basics and started over and this time slowly the things become more clear. I have embraced Aiman's approach. I trade with 5 $ risk in simulator which is hilarious as many times I will trade 2 shares of Tesla but when I look back it makes sense to me. The goal in this game is to preserve your money and mental capital to trade another day while building your skill and finding your edge. I am consistently green the last 2 months and making 4- 5 R average a day. Now I am increasing my risk to 10$ and planning to add another 5 $ risk every two weeks if I am green. My plan is to slowly transition to live next year, maybe in March. Also considering the option to trade 2 days live in a week and 3 days in SIM for a couple of months and see how it goes before completely go live trading. Merry Christmas and Happy New Year!

Following are actual reports from my account. I had fixed commission rate for few days before I switched to tiered. That's not a lot of trades, on average it's same. Commissions go high for low volume and when you use market or marketable limit orders. There's no one best commission structure, it all depends how one trades. Tiered or fixed, IB does not break down commissions costs. Some of ECN charge pretty hefty fees, there's no single ECN fee value for all executions. Your research further in to this will be insightful. Fixed: Average: 0.00545 Tiered: Average 0.0055

In case you missed the video