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Friday, March 02, 2007

RealTick sucks

update - to be fair, RealTick has worked flawlessly since this post. It is frustrating when it doesn't work (especially when you make a living trading) - but in reality the number of down days with RealTick is very small...smaller I suspect than other platforms. So I will continue using them as I have for the past ten years!

RealTick problems again today - even WORSE than yesterday. I doubt I will be able to trade today. I will probably spend some time evaluating new platforms...I had someone contact me yesterday and set me up with a demo of a different system. I have been using RealTick for 10-years, and have been through a lot of "ups and downs" with them. But yesterday and today are unacceptable...

Feel free to post any trades in "Comments" - if you aren't using RealTick that is...

3:30 edit - RT was screwed up most of the day, so I did not trade. There are some good trades posted in "Comments" - check them out and answer the three questions on your own.

Chris sent me an email asking me to look at a short in NEW - there was an opportunity for a valid entry above and below the OR low, and good overhead resistance from the 5 and 34MA's. Here is the chart - ignore the price action from yesterday (that is RT being screwed up!):



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15 comments:

Gaptrader88 said...

KSS might be setting up! Good Luck!

C.J. said...

Time to leave RT. Too expensive anyways.

Gaptrader88 said...

Trader-X you are the man, what a system! KSS hit 161.8% tgt sold 3/4 of position, might just squeeze a little more. Thx

Anonymous said...

Why not just use cybertrader's charts and scans--works good for me. ICE (best trade of day covered at 161%) , PALM ( not doing anything yet--2R I might book it, NHWK (round figure exit at 19.08=19+spread)--all 15' bars--hope you all had a good day too.

Misses: DRC, BIDU ( was writing this stuff) AKAM ( no decent entry avl),POT CMI LVS

Trader-X said...

I am glad someone is making money. Maybe you can start a Trader-X fund and kick in some money to make up for the days my trading platform doesn't work?!?

Trader-X said...

I don't want to change because I like the software and have been using it for a decade, and know it inside and out. I don't want to take the time to learn something new. But another day like this and I will probably re-consider. As I said in my post, I am looking at another platform now...

Thanks.

greytrader said...

Every data feed has its problems. TeleChart RT stopped at 12:10 today. Worked great through the week until now. Time to head for the gym :-)

Anonymous said...

gaptrader88,

Could you clarify? I only see KSS making it to 138.2% of today's O.R. high and yesterday's low. It looks to me like it reversed there.

Thanks in advance,
John

J said...

I too used to use RealTick for years. Had problems with it enough to look for another platform.

I moved on to TradeStation and have been using for many years now. Tools easier to use, more customized options and don't have the problems I had with RealTick.

Better yet, TradeStation charges $100 per month but if you trade 5,000 shares in a month it's free.

Commissions are .01 first 500 shares and .006 for all shares above 500. 1000 shares traded= $8 x2 = $16 roundtrip. No ARCA liquidity fees or any other fees for that matter. Very simple and straightforward commission structure. Not cheapest but competitive considering what you get with the platform.

RealTick had horrible customer service when something did go wrong.

idea trader said...

To Anonymous:

gaptrader88 seems to have considered yesterday's close as the more relevant place to start drawing his Fib lines. I did the same with KSS today, actually. I'm not sure why, but whenever the prior day's extreme is too far from the close, I sort of treat the close as "more significant."

Gaptrader88 said...

John, you are absolutely right, the tgt on KSS was hit at 138.2%. I used the closing 15min low of previous day to take profit. I was hoping it would go to 161.8% intraday. Unfortunately Cybertraderpro don't show 138.2% on the fibs. It's always good to lock in profits.

Prospectus said...

On the NEW trade: I see the entry on the break of the 10th bar low (though it looks like you labeled the 9th bar, which hadn't closed below the OR range yet?). Also, where is the entry above the OR low?

Trader-X said...

Chris' entry was the bar I am pointing to - the ninth bar above the OR low. It is a "hanging man" type candle, though not perfect.

The next bar is the entry I was referring to which would be below the OR low (and the lower-risk entry).

Prospectus said...

@X: Oh, now I see.

I thought it might be an entry bouncing off the downsloping 5-ema. I've seen a lot of charts do that lately, but I've been sticking to OR breakouts. I'd love to see more examples of that setup!

Anonymous said...

had similar problems with realtick also, though not the same ones on all our desk's platforms. have some high up contacts there and they assured me that most of the problems came from the exchanges data feeds. i have contacts on the NYSE floor and other desks and got the same answers. we are evaluating Instaquote for a backup platform. they have added a number of new functionalities. as for trades, look at NYX as it approaches 200 day ma. the much anticipated sale by former seat holders starts wed. and the play against them is over done. like it thru the gap down on the upside.