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Yes, I earn around 1.5-2.5 points per contract per day on average. Sometimes more. See PnL statements in my thread here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=193086

Change of plans. I'm taking a little trip and won't be trading or able to update this thread for a few days. Since I've gotten a ton of PMs, I will be working on a .pdf that explains this method, including things such as "how do you know where to draw the lines", and most likely another one...

I'm out today, too. I'll see you guys next week!

No trades today cuz I was gone all day. But look at today's chart... Look at all those pullbacks. I would've had many successful trades today. Oh well.

Not really. I pretty much knew it was gonna work already since I had been doing something very similar for a while now. Well, if fibs are magical, then price will always reverse at a fib number and I'll make a million dollars. lol. But I usually make money anyway due to the nature of...

Forgot to attach the PnL.

Only two trades today. The first one was a loss, and it was another BS loss. Price went 2 ticks below the stop loss and then reversed and went back up to the target profit (and above). The second one was the widest trade I've done yet, this time missing the stop loss by 2 ticks and then...

Today was a crazy day. -$428.60 from 6 trades. The 5th trade, (-$1207.80) was bullshit. Price went down EXACTLY to the same level as the base of the fib range, stopped me out, and then went back up to the target profit level. Stupid double bottom :( Another big loser in there but at...

Two trades today. I doubled my position sizes now to keep the ratios the same as before. 2, 6, 10. First trade only hit the first 2 levels (8 contracts), second trade hit all 3 levels (18 contracts). $2,363.40 for the day. $2,363.40 for the week.

edit - oh wait, there we go! edit 2 - holy crap that was fast

There have been two pullbacks so far today, neither of which has touched even the first retracement level. Here's the most recent one. (it's the green line; that grey line is some other retracement that I don't use but can't disable).

What days were these?

I have been doing that when I can. Check the previous pages, I post live entries along with exits and target profits, and I post screenshots of the trade as it is live and you can see my orders that have been filled and that are waiting to be filled. You can even check the timestamps of the...

Since I'm only using around $10k margin, I could potentially trade larger size (which would make hedging in the easier). I'm considering doubling all position sizes to maintain the same ratio: 2, 6, 10 = 18 contracts total. I like the ratio I am using and doubling it is the lowest...

Oh I see what you're saying. GOOD THING FIB NUMBERS ARE MAGIC THEN AND THAT"S WHY THEY WORK :D :D :D :D :D I keed I keed.

Yeah that sounds about like what I heard. What was the point of the AHG thread? To throw everyone off?

Does anyone have a link to the post where someone from Anek's group was talking about how all the HH/LL stuff mentioned in that thread, all the indicators, etc. (and in the .doc) isn't how they actually trade? That they don't "go with the trend" and they routinely and accurately call tops and...

Max possible winner is still > than max possible loser for any trade, including commissions. The entry points for your 1000 to 1015 range should be: 1009.25 1007.50 1005.50 If all are filled, average buy price becomes 1006.72. Let's assume that I have a shitty commision rate and...

What day was that? I wanna see the charts for my own reference.

There is a lot wrong with this post and I don't just mean the grammar.