"Ask Ken" - Trader Q&A

[Ken]

Hi Shirley, to do that you simply set the time to start at 8am and stop at 16:00 (4pm EST), as shown here. This is to be used with esignal.com's regular charts, not advanced charts:





Hope that helps - good question!

Regards,

Ken

[Cash]

I'm a cybertrader guy and now that switched to street smart pro I'm still happy. Alot of the proffessional trader like you are using E-signal. So I'm also thinking about it.

Do you use just the basic's, any add ons such as news or forex or?

You've said you use Cyber, what was the limiting factors as far as charts, watch list, scaners and such. They seem fine to me the rookie, and what's better about E-signal. i guess you can route your order through Street Smart Pro. I mean 100 bucks a month is nothing but it's still a 100 bucks when I think I can do the same thing on Cyber.

[Ken]

Hi, no I don't have much in the way of add-ons, just the extra 100 symbols, plus the feed for forex ... I don't use cyber charts, as esignal has a lot more detailed indicators, and the large time and sales window/configurable that I need.

-k

[jjtrader]

Ken i attended your webinar saturday great job. How many point range should price move for swing trade to be considered (2-5 5-10). which broker would you choose for best customer service and price and speed of orders if you had to pick one schwab or IB . I use E trade but now i day trade more often will E trade work for day trading or will i need to change brokers.

[Ken]

Thanks for the kind words re the webinar, I'm glad it helped.

I like cybertrader for daytrading, and I have IB (interactivebrokers) for swings, though I may change. Let me know if you all find any major broker that's better than cyber or IB, thanks...

Point range, I like to see stocks at least a 5 point range on a 10-day chart, which means I primarily like stocks at least $50-$70/share (since I like a 10% range minimum on the 10-day chart) to consider it a volatile-enough stock, on volume of at least 1.1-1.5M shares/day average. I like using stockcharts.com to do scans for swing trades (mostly 52-week high/lows, though I often look for moves in stocks like BIDU/GOOG/SHLD/RIMM/AAPL as well).

Great question - thanks!

- Ken Calhoun

[Cash]

Ken, I noticed you trade both stocks and Forex, why? At what point in time does one make a transistion or expand his trading knowledge to Forex from stocks. Is it that different to trade. Besides the 24 hour market on Forex what are some of the other advantages.

[Wbenjamin]

Ken,
Are you familiar with the marketscope chart that is provided by FXCM? if so, is this sotware adequate for the strategies that you teach on the "Forex on Fire" DVD's? particularly the 2 x ATR and the 7 day 60 Minutes.

Thanks,

Wayne

[Ken]

Hi Wayne, no I have not tried that, as I use esignal.com for my charts. Perhaps someone else who's used it can chime in...

Ken

[Ken]

Cash - I don't trade ETFs or eminis, nor any other instruments besides US NASDAQ/NYSE stocks, and forex - as those have the best patterns to trade, from what I've seen for my own trading style.

Ken

[Ken]

Traders - feel free to post questions here, it's a good opportunity to share insights and get answers ... thanks!

-ken