Evening trading US shares
- Thread starter Mr. Charts
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dod
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RD,
As I understand it, $20 a month for Nasdaq data plus $1 a month exchange fees. For Level 2, another $30 a month.
Quotetracker is free but has ads that cost a registration fee to get rid of.
For the IB feed , I believe the data fee is waived if enough tades are made. Presumably, another exchange fee has to be paid.
I hope if these details are wrong someone will correct me.
Nick
As I understand it, $20 a month for Nasdaq data plus $1 a month exchange fees. For Level 2, another $30 a month.
Quotetracker is free but has ads that cost a registration fee to get rid of.
For the IB feed , I believe the data fee is waived if enough tades are made. Presumably, another exchange fee has to be paid.
I hope if these details are wrong someone will correct me.
Nick
Trader333
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rdstagg,
The issue that you would have with IB as a datafeed is that there is no backfill facility and you are limited to monitoring only 40 stocks. So if you wanted a cost effective realtime datafeed that can be used with QT you would be unable to beat the IQ feed option which (signed up via QT) is only $20 per month. If you wanted to use IQ with say Tradestation then the minimum cost is around $50 per month and you would sign up via the www.hypertrader.it site.
Paul
The issue that you would have with IB as a datafeed is that there is no backfill facility and you are limited to monitoring only 40 stocks. So if you wanted a cost effective realtime datafeed that can be used with QT you would be unable to beat the IQ feed option which (signed up via QT) is only $20 per month. If you wanted to use IQ with say Tradestation then the minimum cost is around $50 per month and you would sign up via the www.hypertrader.it site.
Paul
rdstagg said:
I may well be wrong, but as i see it the total monthly costs, in dollars, to trade would be as follows:
medved quotetracker (registered version without ads) = $7 ($5 if paid annually)
IQFeed Basic service = $20
IQFeed Level 2 = $20
NASDAQ exchange fees = $1
NASDAQ Level 2 exchge fees = $10
IB = free, unless you also want to subscribe to their market data AND have commissions of less than $30 per month then there would be a $10 fee.
Therefore the minimum total monthly cost is $56. (medved $5 + IQ $40 + fees $11).
dod said:
www.Prophet.net
Real Time streaming charts with a decent selection of TA
Level 2
Time & Sales
Mr. Charts
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Yes, a really very profitable evening ;-))))
Richard
Richard
nytetrader
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What a great advertisement for foreign markets in the US section. Very creative!
Mr. Charts
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http://www.trade2win.com/boards/showpost.php?p=168455&postcount=968
On the above I mentioned a list of potential movers pre-market. How I traded the #1 on the list (KOSP) is on post 970.
Just because a stock is on the early radar doesn't mean it isn't a potential mover in the evening as well.
Here is a price only chart.
You can't get more straightforward than that.
No indicators, not even volume.
Would anyone like to make any constructive comments suggesting a potential trade some time after 1400 (that's 7pm BST) - entry and exit?
Richard
On the above I mentioned a list of potential movers pre-market. How I traded the #1 on the list (KOSP) is on post 970.
Just because a stock is on the early radar doesn't mean it isn't a potential mover in the evening as well.
Here is a price only chart.
You can't get more straightforward than that.
No indicators, not even volume.
Would anyone like to make any constructive comments suggesting a potential trade some time after 1400 (that's 7pm BST) - entry and exit?
Richard
Attachments
I agree with robq, buy on breakout above 50, then it all depends on your timeframe and targets. For small targets, sell before 51, if looking for a bigger move then probably sell towards the end of the chart timeframe as it looks like a double top could be forming - take profit and run, maybe go short?
timsk
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Hi Richard,
I agree on the breakout of 50.00, but I suspect you got much more out of the trade than just the 5o odd cents that robq suggests. I think the very definite bounce off 51.00 would see you out of the trade faster than I can write these few words at around the 50.75 mark, i.e. at the close of the last (very small) bull candle prior to the large red one with no upper shadow.
Tim.
I agree on the breakout of 50.00, but I suspect you got much more out of the trade than just the 5o odd cents that robq suggests. I think the very definite bounce off 51.00 would see you out of the trade faster than I can write these few words at around the 50.75 mark, i.e. at the close of the last (very small) bull candle prior to the large red one with no upper shadow.
Tim.
Last edited:
evening trading
Hi Richard,
I trade the US markets 6 to 9 most nights. I do this becuase I have to work during the day, so my whole system is based around this time frame. I don't use and fancy TA, not even candlesticks. I don't really know what oscillators are (I can't even spell it) and whats more I don't want to know - I believe it should be kept simple.
The most important thing that I look for is structure and predictability in the chart. I have numerous set ups and pointers that help me identify approx patterns that I trade off. The chart for KOSP would have JUST fit into my criteria, entry bang on 7.00pm @ 50.25, sold 1/2 at 50.75, the rest at 51 on the pull back.
Another factor in my trading is that I only do 1 or 2 a night. I used to do futures at the same time but found I couldn't conc properly on everything at once. I use the same methodology for futures but good patterns on the futures chart only come up around once a week (although this week has been an exception) hence the reason for looking at stocks. most night I can find at least a few to trade on, and I'm being very inefficient in selecting those stocks, I don't use scanners etc and I should do, (and will in the near future) at the moment I just look at a load of charts (quickly!) and wittle them down to about 5 that look good and then select 1 or 2 from that.
These are what I would consider high probability trades. In mos case I trade all my capital so they need to be liquid enough for me to get in and out quickly without hassle. Might sound a bit reckless but with tight stops and being right more times than wrong it works ok. I firmly believe that if you are as confident and happy as you can be with the trade then you have to go for it. tight stops are very important
Sorry to waffle on. Not many people mention evening trading and the opportunities there can be. I mean, if I can find them with my **** about face stock selection process then anyone can.
I have an objective orver the next 12 months or so to attend your course so I can get to grips with patterns that occur at other times during the day, especially the start as I have no clue how to trade at the open.
I enjoy your posts and hope they continue.
cheers
D
Hi Richard,
I trade the US markets 6 to 9 most nights. I do this becuase I have to work during the day, so my whole system is based around this time frame. I don't use and fancy TA, not even candlesticks. I don't really know what oscillators are (I can't even spell it) and whats more I don't want to know - I believe it should be kept simple.
The most important thing that I look for is structure and predictability in the chart. I have numerous set ups and pointers that help me identify approx patterns that I trade off. The chart for KOSP would have JUST fit into my criteria, entry bang on 7.00pm @ 50.25, sold 1/2 at 50.75, the rest at 51 on the pull back.
Another factor in my trading is that I only do 1 or 2 a night. I used to do futures at the same time but found I couldn't conc properly on everything at once. I use the same methodology for futures but good patterns on the futures chart only come up around once a week (although this week has been an exception) hence the reason for looking at stocks. most night I can find at least a few to trade on, and I'm being very inefficient in selecting those stocks, I don't use scanners etc and I should do, (and will in the near future) at the moment I just look at a load of charts (quickly!) and wittle them down to about 5 that look good and then select 1 or 2 from that.
These are what I would consider high probability trades. In mos case I trade all my capital so they need to be liquid enough for me to get in and out quickly without hassle. Might sound a bit reckless but with tight stops and being right more times than wrong it works ok. I firmly believe that if you are as confident and happy as you can be with the trade then you have to go for it. tight stops are very important
Sorry to waffle on. Not many people mention evening trading and the opportunities there can be. I mean, if I can find them with my **** about face stock selection process then anyone can.
I have an objective orver the next 12 months or so to attend your course so I can get to grips with patterns that occur at other times during the day, especially the start as I have no clue how to trade at the open.
I enjoy your posts and hope they continue.
cheers
D
I'm thinking differently here
I saw a double top and took the evening trade shorting at 50.97 for a 83c gain.
Rise was getting near parabolic and entirely unsustainable , volume came in and my blob indicator said hello!
On a slight tangent I made a major decision a few weeks ago - I Decided to no longer study level 2; not because its wrong - I just find I keep seeing the trees and forgetting about the wood. I now only glance at it occasionally to check something really weird isn't going on.
I appreciate thats not what people want to hear but it works for me - we are all wired up differently and I found the information stream from looking at level 2 did me in after about an hour and I kept reacting to all the little eddies and whirlpools in the stream rather than stepping back and looking at the current.
Apologies for all the analogies
I saw a double top and took the evening trade shorting at 50.97 for a 83c gain.
Rise was getting near parabolic and entirely unsustainable , volume came in and my blob indicator said hello!
On a slight tangent I made a major decision a few weeks ago - I Decided to no longer study level 2; not because its wrong - I just find I keep seeing the trees and forgetting about the wood. I now only glance at it occasionally to check something really weird isn't going on.
I appreciate thats not what people want to hear but it works for me - we are all wired up differently and I found the information stream from looking at level 2 did me in after about an hour and I kept reacting to all the little eddies and whirlpools in the stream rather than stepping back and looking at the current.
Apologies for all the analogies
