Recent content by howardcsh

I cannot understand why you people seem to hate him so much. Maybe because he has so much money. He is no different than any other trader. He is wrong about as often as he is right. If the people who run the websites dedicated to his ruin were honest they would also highlight the picks he has...

Not related to P&F WARNING!! WARNING!!!! I don't know if you guys are aware of the Put/Call trade but its working tonite. Put/Call ratio above 1.05 and closing trin one or higher means overnite prices higher. Its a YM trade, go long at five minutes before the close or exactly at...

HG. I would have to go back and look at my old posts to see if I mentioned this, but as far as the ten point moves you missed full profits on. I ALWAYS take my position off at plus ten. I my back testing I found few moves that didn't have a significant retracement after going ten or twelve...

I am very picky with the trades I take. There were a couple of those trades that I looked at but the price action live at the time has horrible. Every time the price broke resistance or support there was a long stall in the movement or an almost immediate reversal. On most of the triples today...

My consolation for today is that even with five minute charts today would have been a challenge. The price spent the whole day between the PP and R1 and just kind of wandered around so only tape readers probably did well today. I have always been a trend follower so today would have killed me...

I made money today because of the large early move and because of the fact that I switched to gold. The metals and soft comms move alot more and don't get faded as much. I would rather trade the ES when it moves because of the liquidity. I just don't think the indexes can be traded with P&F when...

After the early trade I took on the ES it was clear this was going to be a sideways day. The range was small and volume was low. The P&F signals I know are good for breakouts only. I didn't take any trades after the opening short. Didn't see anything I like. I shitched to gold and had a couple...

Just stopped out on runner with ten points. Very nice trade. You never know which ones will do this you just have to take the trade and manage it. I hope you guys tried to trail your stops on this one.

Triple bottom broke on ES broke about 9:49 eastern. Are you still in trailing that stop. This one is a home run.

If it put in a three box reversal then turned right back up I'd probably go for the next double top that is a powerful reversal. Still alot of resistance above though.

You have it right trackstar. The ideal setup is a nice triple top or quad where the last row of o,s before the breakout row of x,s is only three high. This is the best for risk reward. You may get a great trade for your first, but like any trading system expect the first trade to test you...

That is the pattern. I have had about 50% on paper but it often puts you through a retracement and tests your stop so I don't really like it. I like to get my first target before any retracement that way any stop out only cost 150.00 or so. So glad I actually found some people who trade these...

No its supposed to be a continuation pattern. If each successive row of x's is one higher than the last and the bases are also rising you are supposed to be able to buy the third consecutive x. I don't have a lot of faith in it.

HG, Do you use the three consecutive ups or downs? I haven't tried them live yet, I do paper trade them and they seem to be better than 50%. If you have used them what has been your results.

One other rule that I follow faithfully is as follows. When I have taken my first two mechanical targets and my runner is working If the price gets above ten points I always move the stop to that level. Pigs get slaughtered. Big outsized moves up are almost always followed by large...