Recent content by SumJurk

No problem...I can't really explain how he trades, tho. He's about 75% rules and 25% gut feelings. If you do a search on "retracements" on this site, I'd imagine you'd get plenty of results to read over. But, I think you'll discover retracements is a good trend following approach, and...

I think there are plenty of winning methods out there. Take "retracements" for example. I believe a disiplined trader can make money with this method over the long run. But, if you ask..."How do I trade retracements?", only you can answer that. There must be a hundred ways, and my way may...

I think sticking to your plan is a big part of the whole. Of course, I'm not saying you can just flip a coin (although some believe this) and make money if you stick to it. You need a method that's sound, such as breakouts, retracements, or reversals to name just a few. But, I've...

Yeah, a lot of new traders believe that 90% number (actually, I believe it's closer to 80%) of traders that lose is because the market is to chaotic to trade. But, it's because 80% of traders can't follow their plan for more than a couple of weeks. Even this simple method you shared will...

Looks pretty cool, but I don't know if I could sit thru an 85% drawdown...:D

Thanks for testing and posting the results.

Don't worry...I'll find some way to screw it up. :D

Don't feel bad...you ain't the only one. How many times have you seen anyone post legit profits. (or any profits) Think about it, if a bunch of traders were making dough, there would be screenshots all over this board of account statements or TWS's showing how good they are. :cool:

Most traders I know define it as Price making a higher high or lower low, and some corresponding indicator (RSI, Stochastic, MACD...etc) making a Lower high or Higher low. You should be able to find plenty of info doing a google...

Ya, in a flat market div works great. But, if you find yourself in a trending market, you best get prepared. Having five, six or seven losses in a row is not uncommon.

No problem, dude...have a nice weekend. :cool:

Not trying to nit-pick here, but you didn't use the word. You said pivots. That's why I asked you if you meant the S/R levels to be included in pivots. And, you said yes, if that's what I call them. And I said most traders call them S/R levels...

No offense, but I think that's what most traders call them...the Pivot and its corresponding Support and Resistance levels. And, as far as they're significance goes, I don't think you give them the weight they deserve. But, you're right, this discussion doesn't really belong on this...

I'm not sure I understand what you mean. When you say "PIVOTS", are you referring also to the S/R levels that are derived using the calculations I described?

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