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I use S/R not by themselves but in conjunction with other aspects of my trading system. For example, I use a 1.5% stoploss on my S&P trades. What I do is scan for S/R within 1.2-1.7% and will use an S/R point instead if one is found. Depending on your risk factors you should use a...

Don, in situations like you just described with via/aol, after you put the second leg of the spread on, how often % wise do you hit your profit target vs. getting stopped out for loss or break-even? Also, how do you determine at what point a spread is worth consideration. I imagine this is...

<I>I'm sure we've all experienced the fake break...one way to avoid that is to look at a VERY important element ....volume! </I> I avoid looking at volume altogether when determining whether to play a channel bounce off S/R or a breakout. I make my move based on the technicals and set my...

> My goal is to make $250/week and not loose more than > $100/week. If I loose $100 three times in a row Unfortunately, based on $6k bankroll a goal of $250/week is definitely possible but may not be probable over the long-term. I wouldn't get discouraged if you lose $100 three weeks in a...

Do a little of both. Enter 50% on a swing position and trade with the other 50% of what you would normally risk on one trade. If you can't decide to swing or daytrade b/c of the dreaded "holding positions overnight" that a lot of daytrades have psychological problems with, just close all...

A chatroom should have explicit entries and exits that are made live and those should be the only one that get tracked as far as "real world performance" is concerned. If the chatroom wants to have a separate section showing "what some of our members may have made" based on how they...

Or you could've had your news ticker or CNN on, heard of the crash, and concluded for yourself that it might not be a good idea to go long. Wait for the markets to sort themselves out (most likely a quick drop) then a buy the bounce. Could've done nicely today on a lot of stocks/indexes.

For day trading your costs will run $80-100/month for real-time quotes. Currently you get emini quotes free and don't have to pay the additional CME real-time quote exchange fee of $60/month. That will change in a few months. For startup costs, the usual applies: charting software...

<I>Most (all?) indicators are derived from the basic parameters of price, volume and time, and are therefore merely a convenient substitute for a well-calibrated eyeball. Some people have an eyeball sufficiently well calibrated to not need indicators.</I> But unfortunately you cannot create a...

<I>I, for one, would like to see someone come up with a winning futures/index strategy (I have seen hundreds over the last couple of years, and unfortunately they have all missed something). So, post em' up...let's have a look! </I> There are many many pro traders who trade futures indexes...

Even high drawdown systems such as trendfollowing systems with high drawdowns and lower win rates (35-40%) have the optimal bet size at around 9% based on 'optimal f'. From a risk-of-ruin perspective, if your swing trading produces a higher %win (> 50%) than losses, with risk-reward of at...