Trade Station and Trade the Markets

[Mike Of Hobart]

Oh! One thing I did want to know is what trade execution program he is using? Is that the TS one or something else?

Sorry everyone - completed hijacked this thread

 

[dovetree]

Hi MRC, It was meant as a light hearted comment( hence the smile,). But I meant Bigger in the sense of more liquidity. The spi is not liquid compared to the US futures, hence it much more easily manipulated than say the euro contract or the YM and emini.

 

[MRC & Co]

Yes, he does emphasize larger stops, which is something that goes against most professional trading opinions. But hey, if he can make it work, fantastic.

He generally does trail his stops to 'just before the next pivot'.

Not sure which platform he uses to execute, but I beleive it is not TS. He uses this simply for information, mainly for market internals.

No problem dovetree.

Cheers

 

[dovetree]

Carter uses infinityAT futures platform for execution. for most things in except currencies

PS I think rather than trail stops as such he moves stops according to targets hit, in other words he scales out of most of the position and tries to get the last third as a runner

 

[pilbara]

I think he does trail stops in some setups but I'm not sure why he doesn't in this one.

Dunno it seems to me that using the "Scalper Alert" is similar to a trailing stop, to give him a warning rather than mechanically execute the sell order.

 

[Trembling Hand]

Professional traders tend to trade the bigger markets like currencies or the US indices.

LOL. Like you Dovetree.

 

[pilbara]

Oh I get it now, trailing stops are freely available in all platforms, but Carter was upselling his expensive custom indicators http://www.tradethemarkets.com/products/department2.cfm like the $500 Scalper Indicator plugin for TradeStation.

 

[Mike Of Hobart]

Oh I get it now, trailing stops are freely available in all platforms, but Carter was upselling his expensive custom indicators http://www.tradethemarkets.com/products/department2.cfm like the $500 Scalper Indicator plugin for TradeStation.

He's definitely upselling. He is upselling the squeeze indicator and his pivots too, I guess. But all of those things are pretty simple. You could get them coded up yourself, I'm guessing.

 

[Mike Of Hobart]

So i'm probably flogging a dead one here but Carter posted another live trade:

http://www.tradethemarkets.com/public/2250.cfm

Might be useful for anyone evaluating his subscription service. Or for anyone searching this forum for his stuff etc.

Hope it's useful for someone