USEFUL TIPS

There are around 16 FREE trading educational videos from authors like: Darrell Jobman, Brad Matheny, Gary Wagner, Linda Raschke, Adam Hewison, Joe DiNapoli and more, which traders, both beginners and experienced traders, should find them very useful.

Some of the featured videos are as follows:

1) Trading 101: Starting Your Trading Program
By Sunny Harris
In this video, author and professional trader Sunny Harris boils trading system design and analysis down to its most essential rules. In just a little more than an hour, you will discover the elements that are necessary to create a winning system, and you'll find out how you can apply each of these elements to your own trading. In addition, you will learn the 6 trading rules that will give you an edge, the 6 money management rules that will improve any system and the 6 essential steps to test your trading methodology.

2) Advanced Trading Applications of Candlestick Charting (73:53)
By Brad Matheny/Gary Wagner
In this video workshop, you will discover the crucial chart patterns that candlesticks reveal, how to interpret them and how to use them to pinpoint market turns. You'll also learn how to use candlesticks in combination with familiar technical indicators like Stochastics, %R, Relative Strength Index and Moving Averages to create a dynamic, synergistic and extremely successful trading system.

3) Spotting breakouts that lead to trend reversals (50:47)
By Darrell Jobman
Putting indicator clues together to identify setups for a new trend. As breakouts can be quite subjective, this video shows how to use other indicators and predict highs, lows and adopt multi-contract positions to provide profit.

In order to get the free instant access to the videos, just fill out the form here.

Hope this info can be useful to you.

Monday, June 4, 2007

How To Start A Real-time Streaming Chart in OptionsXpress

In the earlier post, I mentioned that if you open an account with OptionsXpress (OX), you can use their real-time streaming chart for free. Since I’m familiar with OX charts, for the benefit of the beginners or those who have just opened an account with OX and still not familiar with it, I’d like to share here the steps to start live streaming chart in OX, so that you can save some exploring time. Hope it can be useful. :)

Note:
You need to ensure that you’ve install (latest) Java software so that the streaming charts will work.

STEPS TO START THE JAVA STREAMING CHART IN OPTIONSXPRESS (OX):

1. Click: Quotes >> Chart >> Java Charts.
2. Wait for a while. Take some times for loading the chart.

3. After the chart is loaded, you can then select your chart setting:
a) Chart type: Candle, Bar, Line, etc.
b) Chart Window (Period of the chart): 1 day, 2 days, 1 mth, 3 mth, 6 mth, 1 year, etc.
c) Time frame: D (Daily), W (Weekly), M (Monthly), Q (Quarterly), Y (Yearly).



4. You can also set your chart options and select respectively in the “Options” box at the bottom left corner if you want: Log scale or normal scale, color the chart or just black & white, to hide / unhide studies or drawn item or volume.

5. To activate the real-time streamline chart, you need to tick the “Streaming Chart” in the “Options” box. Once it’s ticked, a new box appears in the top left corner below the stock ticker (“Symbol”), showing Last, Bid, Ask, Volume, etc. You will notice that these quotes and the price highlighted in black (at the left side) are moving during trading hours.

6. However, the candle (if you choose candle as your chart type) may not be adjusting the price movement as fast. You can refresh it by clicking “Go” near the box where you type the stock ticker (top left corner).

Update:
If you want the chart to stand by itself as a separate window, you can detach the chart.
You can also clone the charts, so that you can monitor a few stock charts simultaneously.
Read this post on how to detact & clone charts in OptionsXpress.

1 comment:

Tony Chai said...

Hi :

Nice article in teaching how to set up a real-time chart in OX. I've been using it ever since I trade options.

Yours Truly,

Tony Chai
a disabled stock option trader
http://options4u.blogspot.com