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Keep writing out your method until you can fit it on an index card, or at least each entry rule on a separate card. Once you can explain it to a 6th grader, go ahead and manually backtest it on bar data, keeping track of entry/exit and P&L, and making note of how it can be improved. You will...

Yes and the 10% were made for stop losses. By using good risk management the 90% more than make up for the 10%.

Rumors and news of this type do have a market impact - but the impact is typically to exacerbate the underlying trend. But some rumors are taken off the shelf and used over and over to push the market this way or that. The "Saddam", now "Bin Laden Capture" rumor is one example of this. I can't...

As Ditch stated, "choppy" isn't necessarily a bad thing if you adapt your strategies to take advantage of the additional entry opportunities. The term "choppy" is used too much to describe movement that is not to our liking. The fundamental fact of the stock indexes is that they are positioning...

Aha - I knew it wouldn't take long for people to fade me! No serioiusly, I've thought about that too - trading towards the swing system's entry points rather than the other way around. I would guess that it isn't working out as too well right now because of the increased volatility and more...

I think Jack is here with the intent of helping as much as he can. He certainly has spent a lot of time attempting to convey his ideas on ET. He cherry picks the posts he wants to comment on, rather than starting his own threads and talking about his methods. Instead of presenting an...

I like the concept of a trading model where you have mechanically triggered entries (and you must take each one), but you manually manage the exit. There is a basic profit objective and stop loss, but discretion can be used to take profits later than the objective or to take losses earlier than...

I'm almost done beating this dead horse thread so please bear with me. Looks like OI finally reached parity on Wednesday. Is it a coincidence that Wednesday was also the slow plodding manufactured uptrend we've grown so accustomed to on these contract expiration weeks? e-mini s&p 500 futures...

Down to 57K volume but OI holding firm on March. It looks like many of those contracts will be held through settlement. Do they only pay half turn if they do that? :D e-mini s&p 500 futures settlement prices as of 03/17/04 07:00 pm (cst) MTH/ ---- DAILY ----...

e-mini s&p 500 futures settlement prices as of 03/16/04 07:00 pm (cst) MTH/ ---- DAILY ---- PT EST ---- PRIOR DAY ---- STRIKE OPEN HIGH LOW LAST SETT CHGE VOL SETT VOL INT MAR04 1106.50 1114.25 1102.50 1111.25B 1111.50...

Good points! Yes, this is the disclaimer that sould be applied to all trading books, tapes, seminars, etc. It's just that "enough" is different for each person. Some seem to have an innate gift and their level of necessary suffering seems miniscule compared to most others.

Plot/keep track them both for a week or two and then decide for yourself. That's what I did. I used to use the RTH classic pivots (H+L+C)/3, but found that getting the numbers off the CME's website was so convenient that I gave the all session data a try. The numbers are usually very close...

Late breaking news from Healy:

e-mini s&p 500 futures settlement prices as of 03/15/04 05:00 pm (cst) MTH/ ---- DAILY ---- PT EST ---- PRIOR DAY ---- STRIKE OPEN HIGH LOW LAST SETT CHGE VOL SETT VOL INT MAR04 1117.50 1122.00 1102.50 1106.50A 1106.25...

e-mini s&p 500 futures settlement prices as of 03/12/04 07:00 pm (cst) MTH/ ---- DAILY ---- PT EST ---- PRIOR DAY ---- STRIKE OPEN HIGH LOW LAST SETT CHGE VOL SETT VOL INT MAR04 1105.75 1120.75 1102.25 1119.00 1119.25...

An additional bit of refinement on the concept of overnight session volume being predictive of future moves, take the overnight session's range and divide it by the previous session's day only range. If it is greater than 50% then odds are very high the following RTH session will be a big range...

MTH/ ---- DAILY ---- PT EST ---- PRIOR DAY ---- STRIKE OPEN HIGH LOW LAST SETT CHGE VOL SETT VOL INT MAR04 1120.25 1126.50 1104.50 1105.25B 1105.50 -1475 306K 1120.25 930475 595948 JUN04 1119.50 1125.25 1103.25...

DB, yes I can do it manually but it is a pain and takes a bit of time. An easier way would be nice IMO. Here is how you can do it manually: 1) Right click on the main thread (copy shortcut) and get the URL. For instance if you click on your journal thread, you will get...

Note that the question being asked is not, "When does the March contract expire", but rather "when do we roll over". Of course you may roll over whenever you choose to do so. But if you wish to always be trading the most liquid contract month, then you will do so on the trading day preceding the...

It's amazing how much misinformation is on ET. The formula for knowing exactly when to roll the S&Ps has been the same for years and years, is exceptionally simple, and was posted in the thread just preceding this one by Thunderdog.