Wednesday, February 21, 2007

Quote Tracker

As promised here is a review of Quote Tracker. If what you do all day is sit around watching a screen you can do far worse than Quote Tracker but not much better - especially when you like to "roll your own" as I do.

As I mentioned yesterday the interface takes a bit of getting used to and the help panels could be a little less detailed and a little bit more helpful (I think a deeper level of indexing would help) but the service department is quick to respond and although I managed to solve most of the problems on my own they did provide some help. (I don't think they are used to dealing with old folks so you kids shouldn't have too much trouble).

But once you are through the basics (which takes far less time than I'm making it out to be) it is a wonderful piece of software and for 60 bucks a year it's a bargain. And if you decide not to keep it they promise a refund of the unused value. There really isn't any reason not to try it.

So if you have a data stream that you already pay for either separately or through a brokerage account you won't have any problems getting up and running with their software. If you don't have a data stream it is easy enough to get one and the instructions are on their site.

Now I wouldn't recommend this for people who don't sit and watch charts because it really isn't necessary for the casual trader - but if you have nothing to do all day but trade - this might be a good application for you.

What I'm showing here is a chart that I use - this one is for QLGC. On this chart you can see that two of the candles have a little widget drawn underneath them - that is what I use to indicate a "dummy spot" and the 11:30 candle is colored purple - that's a completed BOB.

Quote Tracker also permits alarms to be set up but I haven't done that yet so that will be the subject of another post in the future - I'm just pretty pleased with my progress to date.


Bullish Jim said...

Hey Marlyn-

Watching LCRD for a potential BOB. 2:15 candle might be promising.

Marlyn Trades said...

Excellent! Classic. I love them when they have those huge red candles with a pull back from the low -

Bullish Jim said...

...and I screwed it up anyway. Good setup, but then I set my stop too tight. Oh well.


Its another great way to look at the market.