Posted by sporopat on 10th of Aug 2010 at 04:00 pm
Yes, I'm Canadian and use IB brokers. The only thing you
have to be aware of is that you are not allowed more than 3
full day trades within a 5 day period (someone can correct me if I
don't have it right exactly) unless you have more than $25,000 USD
in your account. If you have less than the $25g and if you
perform 4 day trades, then your account will be frozen for a
certain period of time (60 days I think?) or will be unfrozen if
you top up to the 25g amount.
This is not an IB rule - it is governed by the exchanges I
believe (you can read up on it somewhere on the IB site).
Posted by sporopat on 16th of Jul 2010 at 08:41 am
The results look great and they are but the biggest challenge
with the systems is really following them.
When you are looking at the stats on a screen it is seems like
it is easy to comprehend and follow (up day, down day, down,
down, up, up, down, down, down, down, down, up, up, up, up, down,
up, up, up - with a resulting 30% up for the month).
It is a completely different story when you are actually playing
because when you are getting chopped around there comes a point
when you don't trust it and just when you turn it off, you get
a couple of really good up days and that is what gives you the
X% increase for the month.
If you do ever start using it, I would suggest using a very
small amount of capital to start and just be patient. A big
temptation is to start alotting more money after a couple of really
good trades, then the system has a couple of bad trades and you
wipe out all the gains you made + more because you were playing
with a larger amount.
I'm telling you about all the negatives to prepare you
but if you can stomach it, the returns over time can be
stellar. So much harder to do than it sounds (speaking from
experience). The biggest challege is the psychological
aspect.
Posted by sporopat on 13th of Jul 2010 at 04:11 pm
I was thinking about it Palladin. I was thinking that
maybe UNG is finishing up a wave 2 pullback on the daily time
frame. Not sure if I have the count right though. What
triggers are you using?
Posted by sporopat on 26th of May 2010 at 12:31 pm
On the left under "Topics" click on (Recent) beside
"View All" and you should see the sticky note. Use this
to refresh your screen going forward. Hope this helps
Posted by sporopat on 21st of May 2010 at 03:14 pm
Kind of looks like a H&S pattern on the 15 min (SPX has an
inverse H&S) but I having a hard time trusting anything
(staying out of everything for now).
We could have a good drop into the close since many might not
want to hold over the weekend (which means SRS might do
well).
The community is delayed by three days for non registered users.
Yes, I'm Canadian and use
Canadian brokerage account
Posted by sporopat on 10th of Aug 2010 at 04:00 pm
Yes, I'm Canadian and use IB brokers. The only thing you have to be aware of is that you are not allowed more than 3 full day trades within a 5 day period (someone can correct me if I don't have it right exactly) unless you have more than $25,000 USD in your account. If you have less than the $25g and if you perform 4 day trades, then your account will be frozen for a certain period of time (60 days I think?) or will be unfrozen if you top up to the 25g amount.
This is not an IB rule - it is governed by the exchanges I believe (you can read up on it somewhere on the IB site).
UNG
Posted by sporopat on 16th of Jul 2010 at 09:19 am
Right at resistance.
http://screencast.com/t/MThhYTM0M
Looks like we might have a bit of a pullback before breaking out?
oops1e
Trade Station
Posted by sporopat on 16th of Jul 2010 at 08:41 am
The results look great and they are but the biggest challenge with the systems is really following them.
When you are looking at the stats on a screen it is seems like it is easy to comprehend and follow (up day, down day, down, down, up, up, down, down, down, down, down, up, up, up, up, down, up, up, up - with a resulting 30% up for the month).
It is a completely different story when you are actually playing because when you are getting chopped around there comes a point when you don't trust it and just when you turn it off, you get a couple of really good up days and that is what gives you the X% increase for the month.
If you do ever start using it, I would suggest using a very small amount of capital to start and just be patient. A big temptation is to start alotting more money after a couple of really good trades, then the system has a couple of bad trades and you wipe out all the gains you made + more because you were playing with a larger amount.
I'm telling you about all the negatives to prepare you but if you can stomach it, the returns over time can be stellar. So much harder to do than it sounds (speaking from experience). The biggest challege is the psychological aspect.
Good-Luck!
Nat gas
Natural Gas
Posted by sporopat on 13th of Jul 2010 at 04:11 pm
I was thinking about it Palladin. I was thinking that maybe UNG is finishing up a wave 2 pullback on the daily time frame. Not sure if I have the count right though. What triggers are you using?
http://screencast.com/t/MWZmNTk0OT
I was thinking the same
Whats up with EGO?
Posted by sporopat on 18th of Jun 2010 at 02:25 pm
I was thinking the same thing Harshblue. Poor relative strength today.
Maybe it wants to go all the way down to that gap at 17.30ish?
Edit - or maybe it will rally straight up from here...
SRS Swing now on a
SRS 15 min H&S and 15 min Swing system is ...
Posted by sporopat on 18th of Jun 2010 at 12:51 pm
SRS Swing now on a buy signal so the H&S might be negated.
We are definitely due for
SSO end of day system
Posted by sporopat on 18th of Jun 2010 at 12:44 pm
We are definitely due for a bit of a pull back. Good Luck. I might nibble a bit too.
Is this what you are
SSO end of day system
Posted by sporopat on 18th of Jun 2010 at 12:13 pm
Is this what you are looking for Philosoraptor (click above to see original post by Matt)?
SRS 15 min H&S and
Posted by sporopat on 18th of Jun 2010 at 11:59 am
SRS 15 min H&S and 15 min Swing system is short at the moment (been a little choppy lately though so take it fwiw).
http://screencast.com/t/OTU0ZGJjM
I took a little LOOP
LOOP trade idea update
Posted by sporopat on 11th of Jun 2010 at 06:42 am
I took a little LOOP home yesterday as well.
Hey Matt - Looks like
Update on USO trade idea on Watch List
Posted by sporopat on 9th of Jun 2010 at 11:25 am
Hey Matt - Looks like ERX from the watchlist has also broken out from the triangle you drew.
To find the sticky note:
I updated symmetry levels
Posted by sporopat on 26th of May 2010 at 12:31 pm
On the left under "Topics" click on (Recent) beside "View All" and you should see the sticky note. Use this to refresh your screen going forward. Hope this helps
Hey Thermo - that's probably
Yamana Gold Inc
Posted by sporopat on 25th of May 2010 at 02:51 pm
Hey Thermo - that's probably because the Canadian market was closed yesterday so it is making up a bit of lost ground.
Well, 38 isn't 40 but it
Happy Birthday Matt
Posted by sporopat on 24th of May 2010 at 07:54 pm
Well, 38 isn't 40 but it IS an important Fib number! Have a great Birthday Matt!
GDX kind of looks similar
EOD market comments
Posted by sporopat on 21st of May 2010 at 04:01 pm
GDX kind of looks similar to the SPX
Wish I would of have had more confidence to take it
5 min ES futures
Posted by sporopat on 21st of May 2010 at 03:57 pm
http://screencast.com/t/N2UyYTI5
5 min ES futures
5 min ES futures
Posted by sporopat on 21st of May 2010 at 03:28 pm
fwiw
http://screencast.com/t/ZTVlZjM2MW
SRS
srs15m eod about to go long.
Posted by sporopat on 21st of May 2010 at 03:14 pm
Kind of looks like a H&S pattern on the 15 min (SPX has an inverse H&S) but I having a hard time trusting anything (staying out of everything for now).
We could have a good drop into the close since many might not want to hold over the weekend (which means SRS might do well).
5 min ES futures
Posted by sporopat on 21st of May 2010 at 02:58 pm
http://screencast.com/t/OGI2MDBmNzYt
Let me try this again...
Rank10
Posted by sporopat on 19th of May 2010 at 10:14 am
Hey Rank - what do you think about XRA around this level. Looks like it will be hitting the lower trendline on your chart soon? Thanks