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I'm curious if people might share their thoughts on the use of this tool and how they may use it and any pointers or tips or drawbacks as well as opinions. thx Steve

Does IB have a symbol for this that I can track real time with sierra charts?

I can't figure much from the wl script maybe pretzel could break the scalper method down a little to help clarify.

What about the rest of the article?? Sky's kinda falling everywhere. Is all that stuff true and if so is it really a problem? Isn't this arguement always available. Weren't the Japanese great savers? http://209.41.12.102/cgi-local/shop...e=0401tice.html

On the testing, is the entree automatic when the stock hits 20 ema or does it buy the high of the previous bar and are stops right below bar that penetrated 20ema. Time frame was dailies?? Can u test intra day??

What's the green beaded line?? http://elitetrader.com/vb/attachment.php?s=&postid=172878

Do you believe the retrace to the 20 ema with adx above 30 is a method one could make a living with? http://www.nofearzone.com/Grail.asp

Thx for the link. It's a load, any favorite parts? I see they have the never let a profit turn to a loss, but at the same time they expect 50% winners, tiny losses and 20% big gainers to make your profit. I guess 20% of our trades should just go straight up??

I understand your thought process with a ten point gain and can see how riding out a retracement might make sense, but what are you doing with a 2 pt. gain? Does your stop immediately go to BE? Never let a profit turn to a loss would indicate that you might. What's going on in the early parts...

Say you've got the entree and the protective stop down, what's the best way to manage the trade. Trailing stops, targets, multiple contracts, parabolics etc. Should one be more concerned with giving the trade a lot of room and time with many small profits turned to BE or a small loss? I'm...

I'm not sure Larry did this but I'm almost 100% positive that he explained this technique in one of his books. I think it was one of the definitive futures guides. He was talking in reference to the dishonest vendors.

I'm not looking to trade the Kwave or what ever. I'm thinking more of surviving it. I'm not so concerned with Prechter's credibility either. Eventually all these gurus are somewhat right at sometime. I'm more concerned with the possibility that the economy as we know it, could be snuffed out, go...

Are there any so-called safety nets or structural changes to our system that would prevent a recurrence of the 30's?? I live in a lower middle class city and people are buying houses for 250,000 and driving 30,000 suvs.leases I guess . Kinda spooky. Some of these suvs are unregistered...

He talks of triple digit dow, depression and deflation. Is there any credibility to his very persuasive arguements? Is it different this time and worse than a recession? Hasn't our stock market contracted already the most since 29? I would love to hear people's input on this. Thx, Steve

Surf, What kind of time periods? 1,5 min?? Bobcathy u are only using a 13 min bar or 13period ma? Tia

OK thx. There was a lot of good advice and obviously some good traders who are successful. The following are prooof and thx again. I count 13. Some from the thread were quite articulate, helpful and thoughtful and might not be on this list because they didn't flat out say they were successful...

mathewt, Aren't you basically talking about the commercials or the house? MMs etc all have the type of edge we couldn't get unless well we were the house? The pit traders were longterm??

It seems to work when you wager on the NFL. Really. Track the experts and the consensus. Take the ones that make you want to puke. This week's picks Balt,Wash,Carolina and Chicago. Houston is a maybe, can't figure why the Giants are giving so many. Kind of spooking me.:p

I've never met a successful trader. In the Market Wizard Books there was only a handful. Is it possible that no one is really making any money? In Rothschild's book ,"A Fool with his Money." he couldn't find anyone out in Chicargo that actually made money. Everyone hides there edge, maybe...

Check out Woodies' rooms on paltalk. They're free and plenty of help and posts.