Recent content by Kobayashi

uhm, are you aware that you lost a quarter million dollar throughout this thread (- 50%)? or did I miss a withdrawal?

Oil is in a downtrend? Now THAT's news to me. Look at the daily. Your "mentor" might want to get his eyes fixed.

I looked at your charts and the resistance areas you draw in are frequently way off. You simply take random highs at which the market has peaked in the past. These are not the ones the market is eyeing. You should practice to define the real S&R levels and you will experience more success with...

We conclude: If the pattern works out, it will be a valid technical pattern. And if it does not work out, it will not be a valid technical pattern. Back to square one.

Whatever your first broker was, I do hope you are moving to IB or someone as competitive as them. You would had been able to convert your entire cash balance into USD at spot market rates. No middle man who rips you off. Good luck with searching a solution, though.

I sense another bubble bursting, and revolts against "the system".

+1

Whatever you might think may be wrong. The group is up and running, and anyone is welcome to become a member here: http://groups.google.com/group/elitetrading Let's help each other become better traders with more relevant and individual chats. Newbies and professionals who want to socialize...

Or if none is to be found, I'm open to initiating a trading group ourselves with the ambition to outsmart, outperform, outstand all others :D We create a Google group first and then chat/discuss daily through Skype. Anyone in?

I shorted today. Been long since end of last August.

Are you still in that Skype group, NoDoji? I'm very interested to join a discussion/trading group if anyone is in one right now and doesn't mind new members. My trading style is position trading of the S&P 500 with a focus on the big trends. Have been very successful with it.

This is a good idea! I shall start doing that. I'm one of those who trades off bigger time frames and have nothing much to do the whole long day. Learning something new after having mastered trading excites me already.

What software are you all using to backtest?

Isn't that in itself contradicting? You want to follow trends but when the trend is up, you want to short. What's the point? The only think I can think of is to short at the first warning sign and reap a few points with a profit target. If the trend resumes up, you have garnered a little bit...

The technical picture supports it.