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I have used ensign and BMI since 1989 and have had very few problems. Ira.
steven poser wrote:
> Hi John.
>
> 1) Bonds are not usually this volatile. Exceptional times!
>
> 2) Night sessions need to be followed there days as it is fairly liquid.
> At a minimum, the low/high from onite is often support/resistance. Just
> do not use indicators computed off night session IMO.
>
> 3) As for approach, you must develop one that works for you. What works
> for me and my mental frame of mind (or lack thereof) will not work for
> you. Find an analytical style and timeframe you are comfortable with and
> go with it. Read Mark Douglas' book.
>
> 3) I use DTN and I think it sucks! If you can afford it, get CQG (around
> $800 bucks) or even BridgeStation or Bloomberg (well over $1000). If you
> are an active trader or managing money, it is worth it. I had a problem
> on my DTN this morning too. They told me to check my PC for a serial
> port prob (I use ensign). When that did not work, I reloaded ensign
> which did not work either. Then they resent programming and it woke up.
> Also, depending on where you are, this time of year you get 5-10 minute
> blackouts caused by the sun being near the satellite blinding your dish
> temporarily (this is the case with any satellite service). As soon as I
> can afford I will get a real service. Bloomberg, bridge, etc fix bad
> ticks, DTN does not. Also they have historical data and the data are not
> stored on your machine.
>
> Steve Poser
>
> John Timberlake wrote:
> >
> >
> > -----Original Message-----
> > From: John Timberlake <wrtlake@xxxxxxxxxx>
> > To: traders@xxxxxxxxxxxx <traders@xxxxxxxxxxxx>
> > Date: Friday, October 09, 1998 11:05 AM
> > Subject: TRADERS: Daytraders dilemma
> >
> > I've been working on a daytrading approach for about 10 weeks.
> > the last two weeks I've been watching a lot of good
> > signals go by and questioning my resolve. The interesting thing
> > lately is how quickly the bonds jump from one level to the next,
> > where two weeks ago there was time to consider things,now if
> > you hesitate at all the train leaves without ya. Am I imagining this
> > or are the bonds a little more aggressive lately?? when I started
> > watching them intra day a month a go they seemed a bit more
> > laid back. Volatility??? The bonds??
> >
> > The main question of this post concerns the opening bell.
> > There seems to be two approaches and both assume that the
> > daily homework has been done and long, intermediate and short
> > timeframe action Is understood.
> >
> > 1. buy and sell prices are decided before hand and trades are taken
> > when these levels are hit. An alternative is devised in case the night
> > session
> > gaps you over or under your objectives. Accurate predictive abilities
> > are a
> > must.
> > 2.No opinion of market direction is taken into the session,although
> > you are aware
> > of the direction of the larger timeframes, the market itself reveals
> > the trend
> > of the day and after that it's up to your signal generating method to
> > tell you when
> > and if to
> > risk your capital.
> >
> > I've tried both and for me #1 is a dismal failure I have no predictive
> > ability.
> > I can accurately locate s/r lines, I can interpret price action off of
> > them fairly
> > well.I can take into account the previous days hi /lo and it's range
> > and even
> > look at the night session before the bell in case the early part of
> > the day is an
> > extension of the night shift.I haven't come close to a good
> > prognostication<g>,it just
> > seems to put a fog of opinion over the interpretation of my signals(
> > always
> > trying to justify the prediction) a lot of what if ing going on.
> >
> > I was curious about how others have dealt with this situation, I'm
> > going back
> > to #2 as I feel much more relaxed during the session and I don't have
> > to try
> > being as smart or smarter than the market. (Because obviously I'm not)
> >
> > Another item, are there any long time DTN users out there, was curious
> > if
> > Fridays are a regular programming breakdown day,2nd Fri. in a row, no
> > charts
> > no trades. Aggravation level rising.
> > What a week.
> > It must be the full moons fault<g>,glad it's lightening up.
> > Sorry bout this novelette.
> > Reply private or to the list.
> > J Timberlake
> >
> >
> >
> >
> >
> >
> >
> >
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