Recent content by MarkB

They've made some changes since I used them - sorry I should have checked it out before mentioning it. They used to have a feature where you could actually draw the shape you wanted the scanner to find on price or on an indicator and it would match that. I don't see that it's available any...

Have a look at stockfetcher.com

I agree Fred, the whole idea of trying to pick a bottom is counter to how I operate too. It's nice to know where it might bottom out OR at least bounce to scale out of shorts, but I'm waiting for at least an intraday pattern of higher highs/higher lows to hold on pullbacks before thinking buy...

Better spot for a try imho... WITH tight management since it's still very countertrend.

Got held up at a significant intraday resistance near overlap.

Approaching downside initial target from a large weekly Gartley resistance pattern. Dangerous imho to take longs before that target is met since it's likely to pull price to that point. Any bounce is more likely to be just another corrective move in the context of the downtrend at least until...

If your method is discretionary, you're probably asking for trouble if you go ahead with it. It might be different if there were some form of "insulation" between you and the investor(s), like a fund manager handling the direct interface with clients. But if the OPM is from someone you'll have...

Have you traded other people's money before? It might do more than ruin the friendship, it might ruin your trading. You mentioned that you don't know how he'll react to drawdowns. How will YOU react to a drawdown when it's OPM? And how will you feel, will it possibly change your performance...

Yup, it's doing that to me too. I don't mind if the /32 is stuck on there - but it's reducing the fractions. 120 15/16 bid, 120 31/32 ask. Um no, it should stick with the 32nds. Looking forward to an answer on this.

Yes baron, it's working out well. Same principles as shorter term, just a little more time to think! I'm still in front of the computer all day but on other things. I like different timeframes for different securities at this point, keeps things smoothed out as far as the equity curve...

Oh, nothing wrong with shorter term at all. The original poster was talking about longer term targets, so the tone of the thread started off with a longer term perspective in mind. It was a logical assumption that other posts would be working along those lines unless otherwise stated. Glad it...

No shorts there for me at the moment, it's just a danger spot in the way of additional longs. Heck I don't even see a break of any 60 minute support yet. Good luck with the trade though.

We're at a pretty key spot right now. I'm attaching a weekly showing a strong resistance zone from 1.4167 to 1.4263; it's basically a Gartley res pattern centered on the 1.4234 .786 resistance from a larger high to low swing. If this can clear, it targets 1.5334, which is a pretty major...

Hey I used to promote for Pyramid and especially Robots, but that wasn't until 1991 ;)

You've greatly misinterpreted what my service is about Steve. It's not a rah - rah, we're all in this together, I'm the guru master trader and follow me, etc. kind of thing. I simply project support and resistance in price and time using Fibonacci analysis for those who are interested in...