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People should remember that a win rate of 60% (or even 80%) will still lose money if the losses are substantially bigger than the profitable trades. A much better benchmark is the ratio of wins to losses (total profits/total losses). A trader with a 40 % win rate can be very profitable.

Interesting discussion. Been following this system (MACD zero line cross is not exactly a new idea) and have a couple of thoughts on the idea of backtesting it. 1. Exits are everything in trading, it is possible to make a profit using random entries, if the exit strategy is a good one...

Regarding the questions about the various futures contracts, there is a lot on info in John Carter's book 'Mastering the Trade'. It may be a few $ well spent. Also have a look at his website www.tradethemarkets.com. He has a few articles on the CBOT site too. Eg...

I suspect this one is what I need: "US Securities and Commodities Bundle Non-professional - Level I Includes all Stock, Options, Futures and Bond markets (USD 10 if monthly commissions < USD 30)"

Thanks, but I must be thick as I cannot find that on the market data subs page. I see CBOT floor for $55, is this the one ?

Which market data sub do I need for the Dow mini futures ? Thanks in advance.

Surely if such a lead existed, it would be exploited by the market and disappear ?

"I'm not sure but it may be more commonly used on Jacks planet than ours" Thanks for that explanation. Seems to me that the Americans will often confuse when there's a perfectly good word already, maybe 'link' would be such a word. T28, are you trading this strategy exclusively, or is it...

Started reading Jack's post then saw this: "This last post is a segway to the SCT trading elsewhere." Segway ? I had to go and look this word up, and I found this: "segway noun (trademark) a self-balancing personal transportation device with two wheels; can operate in any level...

Jack, a question if I may. "2. Learn PVT down cold. (double your capital and remove the initial capital). 3. Chose to transfer the template to SCT trading" Please explain the terms PVT & SCT. Thanks in advance. Mo

Talk by Mark Douglas here: http://woodiescciclub.com/Lectures/mark-douglas/august-2005.htm This talk is very good, just listening to it again. Mo

I have read 'Trading in the Zone' a couple of times. Good book, the basic idea is to teach one to trade like a casino does - ie the casino owners don't care if you or I win a few $$ during the evening, they know that they have a statistical edge, and over time they win. If you have an...

Beeflover.. "This Ensign software I'm using has something called a Pasavento map which draws wave patterns out into the future. The last couple nights I printed charts with these patterns on them and there is some good correlation. Swings highs and lows and sometimes timing is very accurate...

I'd like to know tomorrows closing prices.

"Sounds like a MACD with the Median Price as input. Or did I miss something?" Yes it's basically the same thing using 5 & 34 periods. Line changes from green to red on fall & vice versa. Maybe some chart packages do this on MACD too ? chart showing MACD & AO...

Thats's not the awesome Oscillator. Here is a detailed description of the AO: "Awesome Oscillator Awesome Oscillator Technical Indicator (AO) is a 34-period simple moving average, plotted through the middle points of the bars (H+L)/2, which is subtracted from the 5-period simple moving...

Link to Larry Williams Ultimate Oscillator: http://en.wikipedia.org/wiki/Ultimate_Oscillator

I think you are talking about Larry Williams, I was referring to Bill Williams. Apologies if I'm mistaken.

.. anyone using this oscillator. I read about it in williams book 'Trading Chaos' , but onlt just found a charting package in which it's included. Be interested in any views.

Momentum usually turns before price I believe. Indicators such as MAs are lagging.