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Profile: Bamilus
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User Name: Bamilus
Groups: Gold User, Member, TeleChart
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Joined: Thursday, September 1, 2005
Last Visit: Wednesday, August 24, 2011 2:42:25 PM
Number of Posts: 16
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Last 10 Posts
Topic: Custom Breadth Indicator Help!
Posted: Tuesday, October 11, 2005 3:51:20 PM
QUOTE (Craig_S)
There are two ways to do this is to plot a 10ma on price.

Jump to $NYAD

Hold down CTRL-C and change the comparison ticker to whatever ticker you want to compare

You could also create a 2-chart layout and keep the $NYAD with an average in one (the child chart without a symbol or indicator synch) and then use the other (the parent chart)

Here is a video on layouts:

View multiple symbols or multiple views of the same symbol using Layouts


Thanks Craig, I appreciate it!
Topic: Custom Breadth Indicator Help!
Posted: Sunday, October 9, 2005 8:29:36 PM
Hey all! I'm trying to fiddle with this indicator and probably won't get it, so I'm wondering if you guys could help me. If any of you have read(removed book name on my own, not sure if I was breaking the rules, but its a very popular book), I'm sure you know about the short and long-term breadth indicators he talks about in there. I would like to convert that to a custom indicator if I could. I just want to plot a 10 day moving average of the NYSE A/D ($NYAD) on any index or stock (so I can see divergences between it and the index). Or can I not do that? Thanks!
Topic: today will another count of down on above average volume and 3 to 1 W/L in NAD
Posted: Thursday, September 22, 2005 6:48:47 PM
QUOTE (BigBlock)
Bamilus it isn't just Rita. It is a whole combination of many factors. Remember the market is usually about 6 months ahead.
Market technical condition of course counts too. But look around you, and remember the market is about people and their reactions to many situations and that of course includes natural disasters, employment, wages, cost of education, price of goods and many more. I will not have the time to give you a detailed sense of the situation, but practice yourself by trying to read economic indicators, keep track of the political agenda, don't forget about China, and North Korea. The situation in Middle East isn't over by any means. I am sure that they are watching and will try to enhance the punishment on an already beaten nation.
Take care.


I totally forgot about discounting when I made my post, thanks again for your answers BB!
Topic: today will another count of down on above average volume and 3 to 1 W/L in NAD
Posted: Wednesday, September 21, 2005 8:22:40 PM
QUOTE (BigBlock)
That is some stinky breath. Still about 30 mi to market close this can even get worse. In fact that is the trend. I do not think volume will surpass 1.8 bil for the NAD today, but we will see at the closing.
Like I said yesterday, wait no longet to take your long profits off the table and put your shorts to work.
good luck


I totally agree BigBlock, but I'm just curious, do you think any of the recent distribution has to do with fears of Hurricane Rita? Or is just the market? Thanks!
Topic: Delta and Northwest both have file for chapter 11 protection today ...
Posted: Thursday, September 15, 2005 7:09:14 PM
QUOTE (BigBlock)
after the market close. Trading of NWAC was halted in after hours session.
Good luck.


Wow, I heard about the bankruptcies, but I didn't hear they halted trading.
Topic: A couple of simple questions...
Posted: Thursday, September 15, 2005 7:01:36 PM
QUOTE (BigBlock)
Yes Petry, may be you are correct. Your brokerage way may be best for the young apprentice.


LOL, "young apprentice" :P

Wow, I was suprised by the posts. I hate too be a bugger with these questions but you guys are so helpful! So once again, thank you so much!
Topic: A couple of simple questions...
Posted: Wednesday, September 14, 2005 7:07:20 PM
QUOTE (BigBlock)
Bamilus go easy on the books. You do not need all of that info, most times garbage, to invest or trade. Your personality is the most important trait to this game, and that will dictate most of the time your failure or success.
Now about your broker questions. You most definitely do not need direct access. Forget about MB, cybertrade, etc, etc. Those are for a very specific type of daytrader, and for what you tell us you will not be there in a while. It takes a minimun of $25,000 to really day trade. It is call regulation T, which flags your account as a daytrader pattern if you buy and sell a stock more than once on a 3 day period. If you equity falls below $25,000 you are done. You cannot daytrade until the requirement is filled or your daytrade pattern is remove from the account, which will force you to wait the 3 day period to settle a trade. Then you wouldn't be a daytrader anymore. You could still buy and sell, but not as you please.
So since you will not be into daytrading for a while, look for a discount broker. Scotttrade is very cheap, and have phone support (about $14 per full trade). There may be cheaper ones out there, but I am not sure.
Ameritrade is also good, but a little more expensive about $22 per full trade.
Good luck.


Yea, I know what a pattern day trader is, but they can only flag you if you have a margin account. To my knowledge, MB Trading etc aren't just margin accounts. But I will check out those you said, thanks for the advice bro! (PS, reading is a passion of mine, I don't read just for info, but for fun :P)
Topic: A couple of simple questions...
Posted: Wednesday, September 14, 2005 12:01:53 PM
Hey again! I tried searching for some things, but couldn't really dig anything up. Anyways, I'm just wondering, has anyone bought any of the books/videos from this site? They sound good, but they are a little pricey (especially for me :P), and that's no problem, but I don't want to get stuck with something I didn't need. So, if anyone could give me a quick summary of the videos/books they have bought from here, it would really help me make my decision if I should get them!

One last question, I found a couple of threads on brokers, but I didn't really see that much. What I'm wondering is, for someone with maybe $2-5,000 (hopefully more) when I start trading, what is a good broker? I already have a Charles Schwab account (minor account under my dad's name), but I am not sure if that is the best bet because even medium costing commissions could really hurt me since I'm not trading large amounts. Or, is that what I have to deal with? I checked MB Trading and Interactive Brokers, but I am not even sure if I have enough capital to apply there. So, do any of you have any reccomendations for brokers that would suit my size? Obviously I am not in a good position to demand anything that good, but something that wouldn't destroy my returns (like CS might). Thanks!
Topic: Intermediate trading book or courses
Posted: Monday, September 5, 2005 2:40:21 PM
Try some of these (buy from Amazon, best prices, especially on some of the pricey ones)

-Technical Analysis of Stock Trends, 8th Edition by Robert D. Edwards

-Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris

-The Candlestick Course by Steve Nison

-Technical Analysis from A to Z, 2nd Edition by Steven B. Achelis

-Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy

-High Probability trading by Marcel Link (A trading book, but half of the book is on Technical Analysis, good read).

These are just a few to keep you busy. Good luck!
Topic: Newb says Thanx
Posted: Monday, September 5, 2005 2:32:43 PM
I agree! I have to say the customer service and help alone is worth the monthly cost. Keep the great work guys!