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Peter S

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Posts posted by Peter S

  1. Posted

    I don't know if I am alone in receiving this from Greg at Tradervue because I requested it, but anyway it seems worth sharing for those who don't know - 

     

    Hi Peter,

    FYI, you can now choose between live and sim trades when using the DAS auto-importer in Tradervue. 

    If you are importing both live and sim, we recommend using account tags (silver and gold plan only) to keep your trades separated: 

    https://blog.tradervue.com/2012/11/12/using-multiple-trading-accounts/

    https://blog.tradervue.com/2016/05/05/improved-account-tags/

     Thanks! 

    Greg

  2. Posted

    3 minutes ago, Abiel said:

    I was thinking like you, but lately I have seen traders losing big, hulk days or failure of internet connection, so I choose the safety net of DAS risk controls.

    That seems like a good idea, as various grades of computer failure are bad for the heart rate.  But if I use it I'll probably set it wider than my daily rules and just have it as a backstop.

    • Like 1

  3. Posted

    The Trader Work Station updates automatically which is all very nice, but is not necessarily the best route to speed and stability as Microsoft demonstrate so superbly.  There is another version of TWS which does not auto update and which you might prefer using, which you download once and then it stays the same.  As this is IB they do a fine job of hiding it.  If you want to try it you will have to hunt around, can't remember where it is, type in "downloadable" in their search or something.  But it does exist even though I started doubting it myself last time I hunted.

    It looks the same, with the unfriendly charting and all the other things you may not like, but it doesn't have to waste time looking for updates.  It may or may not help with your IB user experience.

  5. Posted

    Thanks for the response.  Exponential on both.

    Comparing the price data on the two charts shows a high during 2013 on Tradestation of $547 and on DAS $180.  I guess it probably comes down to how the data is/isn't adjusted - for splits, dividends etc. Whilst trading in this room I've been surprised at how effective the 200ma can be on the 1 minute chart - maybe there's greater agreement about what this price should be (although still with the complication of traders having the choice of using ema or sma).

     

     

  6. Posted

    I've just been looking at the 200 moving average on the daily  chart of MBVX, after the close on July 9th.  I've got the exponential, set on Close, with 3 years of data, and the figure on DAS is reading as $1.269.

    Looking at the same settings on Tradestation, the 200 ema is reading as $2.17.

    Are others seeing the same alternative facts as myself? Have I loused up some setting?  Anyone have any suggestions?

    Thanks

     

  7. Posted

    I also like to add ATR to a 1 minute chart, to try to stop myself from entering too large a position.  If you use the standard setting of 14 it takes a significant amount of time for the indicator to catch up with the jump in volatility that usually occurs at the Open.  If you change the setting to 1 then you get constant updates.  Hover the cursor to judge the current average.  Of course position size should really be determined by where the stop is going to go, but having the ATR showing just helps me a bit with a quick reality check.

    • Like 1

  8. Posted

    Hi Vince

    There's always a load of Peters in every chat - I'm Peter S though you won't hear a lot from me as like a lot of other members I'm silent most of the time the market is open.

    That's a refreshingly open statement, and I have to take my hat off to you for your commitment.  Those are tough life choices to make.  I'll confess I had to Google Nofap and it's an interesting movement (!).  I know some traders in the UK pay a lot to rent a desk in a trading gallery just so they stay focused on trading and avoid the distractions which are readily available at the click of a button. Years ago I heard of some old guy saying that losing his libido had been liberating.  Having an active sex drive had been "like being chained to a lunatic".  

    One thing I noticed on your trading record is you're not showing the date of the trade, though that may just be a hidden column.

    Best of luck with all your challenges

  11. Posted

    So it turned out that CPE was controlled today by a limited number of large players.  I was wondering if there is any additional way to screen stocks in advance as there's always a shortage of time in the first 15 minutes of trading for following niceties like watching Time and Sales for a while to judge the tempo.  But looking at the chart again maybe 1 million volume in the first minute with only a 6 cent range should be read as a warning that this will stock will struggle to go anywhere?

     

    Fwiw todays price action is sandwiched between the 200 sma and 200 ema on the daily chart

     

     

  12. Posted

    I've just signed up for the Tradervue gold package which costs $49 per month so I was a bit surprised to receive an invoice for $39.20.  The explanation is that years ago I followed a link from BigMike which offered a 20% discount for his 'Elite' members, which I had already shelled out for.  Mike professionalised the website name ages ago, but the offer is still there. A one off payment of $100 secures a $9.80 per month discount.

     

    https://futures.io/elite_membership/guest

     

    Elsewhere on this forum there's been a discussion of tax.  I'm in the UK so my requirements differ from many here, but I think it's going to be very helpful that after Tradervue  has pulled information from a number of brokers, with gold and silver packages this data can then be exported to Excel.

     

     

  15. Posted

    Hi Toto

     

    I'm trading from the UK. To trade the US market I have my US account in USD. It's unfortunate that by converting currencies you are in effect taking a single (currency) trade on your entire US trading account, but I don't really see that it is avoidable.

     

    There's a lot of risk in this game. In my opinion, the single biggest risk is that you open a brokerage account with a firm run by a crook/pillar of the establishment like John Corzine. Currencies move but generally they don't go to zero, so in the scheme of things, the currency risk is significant, but not total. You never know, it's about 50/50 whether you make or lose on the currency exchange rate in the long term, so it could work in your favour.

  16. Posted

    That's a pretty unimpressive performance by Schwab in my opinion.

     

    A bit of a wandering tale this and it's only hearsay but anyway - I was listening in on a Larry Connors webinar and Schwab came up for discussion. One of the traders attending, who I had noticed before was a pretty well informed trader, said that he had played golf with Charles Schwab. He asked Schwab why stock availability for shorting was so limited and Schwab answered "Because shorting is unamerican". Connors was gobsmacked by this, the discussion went around it for a while, it sounded highly credible to me.

     

    Anyway, personally I won't be opening an account with Schwab, maybe they're great for some reason or another, but I won't be finding out from direct personal experience. Moving your account is always a possibility.

  17. Posted

    The VWAP is the average price of all the shares traded since a specific starting time, not the average of the shares traded during the time duration of a candle. The way DAS calculates VWAP by default is from the market open time. So the figure shown on the 1 minute and 5 minute chart is essentially the same number.

     

    Like all averages it depends when you start counting, so you may see different VWAPs on other platforms, but DAS is pretty consistent across charts.

  19. Posted

    anhkind - thanks for bringing Tradebench to our attention and sharing your tool at Github, also all new to me and very impressive. Unfortunately although it is spitting out a file in the correct format, it is only showing the exits, not the entries, and it is not showing quantities. I wonder if it could be because I'm only playing about with DAS sim - are you using this on a live account?

  20. Posted

    No I won' t show you mine.

     

    But for anyone in the UK who is looking for a computer I wholeheartedly recommend PCSpecialist.co.uk You can tell a lot from their forum.

     

    This is a massively non technical way to assess the product they delivered, but as a retired MD/Chief Exec of an import distribution company I can tell you that having built my computer to my requirements, they then dispatched it in the best protective packaging I've ever seen. And yes, it works.

     

    • Like 1

  23. Posted

    Yes I use Tradestation too. But fortunately I've only updated my old laptop to Windows 10, my main trading PC is on Windows 8 and that still runs ~ fine.

     

    Bill Gates would be a pauper if product liability applied to software. My laptop is currently unusable courtesy of Windows 10 running disc usage up to 100%, apparently quite a common problem which I've only wasted an hour or so on so far.

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