Recent content by MJ_Trader

Fortuna: Would you elaborate on your recommendation below - "just play the pivot/fibo with past statistics telling which point will be be rather a reversal or a breakout. Mix these pivots with 5 minutes graph with 60 moving average. "

Started a fight with 5 Georgia tech football players, needless to say - they got the best of me..!

Bighog: I am referring to live trading in my statement, paper trading is not a subject for me to talk about. I don't know any successful day traders (including myself) who rely solely on indicators and charts. Not that they don't work don't get me wrong, just not for myself or anyone else...

With respect to day trading, I will look at daily charts for the overall trend. I believe feel for the market is the best indicator, the intraday charts and indicators are merely a distraction.

Thanks horribilicus for your insight. That was very helpful. MJ

Slim: Can you elaborate on 'paid sponser'.. Paid by whom..?

Hello all. I've been researching trading systems through furturestruth.com to determine whether trading systems you can buy, actually work. Is there anyone out there who has purchased a system and has consistently made money over time..? If the answer is yes, don't feel like you have to...