What are the best trading tools?

That's the point! S&P is still not for me, however... i can check it out. Personally I'm using another pivots, but these from Genesis thread would be the same. I was using genesis system some time, but now i have some more precise and faster technics. 100 and 50 levels are of corse pointed on all my charts, but i often open position using only these levels (even if they are mixed with pivots). But i usually use these levels to close opened position (sometimes partially). Could you tell something more about Ivoe ? It looks very interesting, similar to mine menager, but visual lines are more comfortable and faster in changing. How long do you use it ? Have you any problems with that ? I saw many menagers have bugs in their code and they doesn't work correctly.

[My appetite for usefull tools is always up!]

Your chart seems a bit like Sonic R system.

IVOE - well what can I say, it works for me. I have used it for a couple years, demo and live, there are drawbacks to be sure, but nothing I would call a bug. The descriptions in the docs are pretty clear, but issues might include that you have to put the extra zero in your calculations if your broker uses micros. My new broker has something going on that allows me to drag and drop my stop loss and that can interfere with moving the EA's stop loss if you accidently pick up the real stop loss. What happens is the EA will move the stop loss back to where the line was. The trick is to double click the line as is normal to highlight it, then move your pointer a small distance away from the line to pick it up and move it. Experiment and you'll see what I mean. The timer thing can be a bit confusing, If you have one setting it checks every tick and the other every second. Doesn't seem to matter either way, but if you want to get back into the settings for some reason (after setup in the first place in a template, shouldn't be necessary) but if you did instead of just using the lines, one of those settings won't allow you to do that. You would have to delete expert and reapply. You also, don't want to mess with the actual settings ( clicking the smiley face) after a position is entered anyways because sometimes the lines will disappear. This may seem alarming, but the problem all happens when you do tinker with it in any other way than just picking up the lines and moving them so I advise against it. Just do it visually and don't delete the lines in the objects menu. Depending on your settings, you might see just the first close partial lines and after it is hit you'll see the second one appear, this is normal on my settings, but I have seen it used when there were three lines of profit being used and seen at the beginning. This sounds like a lot and even a bit complicated, but really. If you just don't mess with it after your initial settings are done before you enter a trade and not during, it works beautifully. But I am a tinkerer and experience problems because of it. So set your settings and just use the lines on the chart that it creates. Read the docs. That should be enough... Oh! It won't keep track of individual trades on different charts of the same currency. For instance you are on the 5 min taking a trade on say the eur/usd, and want to take another one on the hourly with different settings on the EA on each chart, way with a different stop loss. You'll see a blinking red line at two different levels on your charts while the two instances of the EA's fight over each other. Kinda' funny.

As for my chart, It is similar, but the system is totally different. This one uses Elliot wave principals at its core and I trade each wave formation. Trending and Consolidation or Counter trend. Many systems use the Rhagee tunnel in some fashion and in sonic it is called the dragon. But they seek only break outs as far as I have seen. Put your trades in and lots of waiting on the 15M. Right now I am strictly day trader. The cool part is putting this together with the range bars with setting of 5. It not only clears up price patterns for me, but the awesome oscillator clears up too with divergences showing up with 3 to 4 humps or clear as day with 2. Helps me pick that top and bottom and ride it the other way. Only problem is, I don't know when the next bar is going to form. So like last night I stared at one chart and it didn't change more than 4 candles in three hours. But at least my other charts proved useful. that's when I posted that potential trade like above. last I saw it stalled on that stupid pivot, then news came out and price turned totally around and shot south. I didn't take it. I was emptying positions already. on another currency. Got 60 pips or so really easy. Like before though, I emptied early, because It was toward the end of my trading session, so I left some on the table, but targets were good. Just don't like to let trades run when I am not around.

Last little bit for a good tool: THV cavemanager: It is complicated and confusing. But it has one cool feature that I like and have used and another forex legend uses it exclusively when in a trend. It has this feature that trails the behind the previously formed candle by a certain number of pips. So if you have caught a trend it moves your stop loss to say three pips behind the previous candles high if your are in a sell trade. Look at a trend on a 15M chart and tell me this wouldn't keep you in a good amount without babysitting. Doesn't really work for me as I trade range charts and it would get me out prematurely. Any other questions?

LL

Reuters Eikon or a good old Bloomberg terminal