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All business colleges around the world should have a chapter in a book called "Corporate Corruption" and it should be one page long and on that page is just a picture of this chart.

Very good point. This is a good Example Trading System. Example of a profitable system and Example of how people will not follow it. As someone already said, give a perfectly good, simple, profitable system to 10 traders and maybe just a couple will actually follow it like it was meant...

Head and shoulder patterns occur very often and they will conitnue to form and follow through because it is just how the supply and demand shapes the chart pattern. There are people in there playing the pattern as a 'system'. Breakouts occur all of the time and there are people playing those...

Is HSI always less active in February ? It seems like even since part of January HSI futs have not been acting like normal. Normal to me being since November of 2004. It seems like volatility has substantially decreased. The "New Year" holidays were in there in the beginning to middle of...

sidinuk, I do not see the unfiltered results on the web site any more. I liked seeing those as a comparison. Take care.

Chartist, I see what you're doing. It is similair to my style. What do use do guide you to take profits ?

This is what confuses me about reverse divergence.

and to add to the questions to AMT, on the charts posted, how do you determne profit targets ?

Ah yes andy. Good observation. Being that trading is an ongoing learning process (even after you can make some money) the search for alternative strategies and ideas can only help traders to adapt to different trading environments. So, discussing profit taking should be very productive if...

Profit taking. Regarding the zero line cross being late, this is a very debatable subject. You know those divergences that keep going for a while creating more divergences before finally reversing? Waiting for the zero line cross or a trend line break of some sort can help on these occasions.

So for those who use MACD for entries from a divergence or from a zero line cross, what do you look at to get out of the trade ? Also note on the attached chart that waiting for a zero line cross would have saved you from getting in on a couple divergences that didn't really go anywhere.

Hi sidinuk. Just wanted to say thanks for sharing this info. When I was reading through the building of this system a bell went off in my head in one speficic area that helped me adjust my current breakout system.

ried 5525 Thanks for your detailed post on how you trade. It's very intersting. When I began in this industry I did swing trading where I would have multiple positions open. Very frequently there was a point in time where when I looked at the combined open posistion P&L there was a...

I second the notion for charts. I am trying to put the final touches on a method similair to yours that uses index futures. I look at a larger timeframe chart and look for the larger timeframe to be stretched into the outer bands and then go to a smaller timeframe for entry looking for...

WTF see attached

Also helpful: If using IB, put any month of HSI into TWS. Right click on "HSI", go to Contract Info and go to Details. This provides last day trading and expiration info.

Man, I forgot to look at the time. You're right. Sessions almost up !!!! I need to put some alarms on or something.

Wow. Thanks for the insight. Out 14176 - 7

Long 14183

Oh really. Was there more chop ? Why do you think it is like this now ?