Recent content by Elliott

DA, Exempt statements go to CFTC, NFA and participants. If you choose to set up an exempt pool, advertising to the general public is not allowed. The exemption allows you to only trade for participants like family, friends etc. No more than 15 participants in each pool or $200,000 initial...

Vision, Try looking at ADX in longer timeframes. This might help you to only trade when there is a trend developed and to stay out when trending is in "no mans land" (below 20). I also agree with other posters to backtest by hand. Gives a good view of various trading pattern setups and...

You can check out www.bssyseducation.com for study materials & simulated tests. They have an online practice test that's excellent prep for about $75. Much Success,

Really appreciate this thread, it is really close to home. I have (2) young sons back from college this year and thankfully they seek advise/counseling/mentoring daily. My wife and I are still youthful at 47. For me, their recent return as men is truly a humbling experience. This subject is...

I wholeheartedly agree, TA is not supposed to be complicated at all. The basic concepts of all indicators are functions of price action (i.e. up & down closings, relationship of highs & lows, etc.). Fairly simple calculations of market events. But not to oversimplify. One sought after key...

One thing we can all agree on is overall (average) outcome (performance). The originator of this thread had questions on risk/reward relative to individual trade setup stops and profit targets. And the original question is "How do you manage your risk?". Now we are discussing overall...

We might be trying to say the same thing with different words. By confining to a 3 to 1 ratio are you not jeopardizing the win/loss ratio? This in turn reduces overall profitablity. So, in effect less risk per trade setup but more risk on overall performance. It is all risk. Maybe Linda does...

As this thread continues it becomes clear that we are dealing with some basic truths about the market. These truths become very pronounced when trying to optimize one's system/model of trading. However in an effort to keep things as simplistic as possible, I will maybe restate what others...

I (maybe like many others) am a little baffled with this 3 to 1 thing. If you're trading breakouts or retracements and have a 3 to 1 risk strategy, and repeatedly stop out before your target then I would suggest re-examining the criteria you're using to determine your trade setup...

Don't like to be in the market on Fed Day mainly because of the added & heightened pressures. Sometimes my swing system keeps me out. Yesterday though, I was short DJU3 at 9105 from Monday with SL at 9160. Hung in there for the whole move down. Still in looking for further downside to 8900 or...

Fasttrader: May be a restatement of previous advise but try to develop your approach to take a predetermined % of the market breakout based upon your analysis of stock breakouts with similar characteristics of what you've chosen. Also for the Q's. Do backtesting though. You can backtest...

Swing trading the Dow (indices), similar to ES. Agreed. Lately swing & intraday have good trending & followthru. So good that I've been tempted to daytrade also. Many excellent intraday days (long & short). Many 1-4 day swing followthrus - unlike earlier this year with lots of war related...

Depends on what you trade and how you trade also. You can earn a very good living swing trading futures (winning trades leverage more per your investment dollars) with little to no daily attention to the markets. Better know what you're doing though. Big risks in not knowing. 1-4 day swings...

Glad you liked Webers. I've been a Grillsman for years but they made me go back to school! Got their grilling book while there. Stepping things up a notch or two this year. Much Success to All,

Not there now, but wish I was! Plan to be back in St. Thomas, St. John, BVI area later this year. Much Success,