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I tried that & it didn't work, the only thing that works is belief in your method and yourself. I used to have a glass of wine I found there was no consistency to end results, all it made me do is want to have another one :)

I agree, looks like a good short opp still, hourly D now complete & a bit of rounding top p/a going on, holding 1/3 position. 1403 zone is 61.8% on fibs.

So far a triple failure swing, divergence on 2, not going up, so ought to start heading lower, C'MON!!!

Needs to get out of this channel, hourly histo bending nicely towards centreline.

Reversed for Long off 2 Scaled out +1.75 (typo) Reversed for Short off 1 (near channel's high) Scaled out +2

Looking for an opp on shorter term charts to enter a short off the hourly chart's possible triple D, would like to get 1370 & possibly lower. Short 1397, stop near where I normally have it :) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1777464>

Very well put

Monthly SPX, if this was an intraday chart, what would be our expectations? I looked at this chart's histo and if it was intraday p/a I would not be looking for a long. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1776071>

I think if his stop is 100 pts (2% of his TLNW or total capital allocated to trading) then it makes sense to assume that he is gunning for at least 6% return, my expectations from an intraday perspective are similar in terms of r:r. What is difficult for us (the ones that scale out) to...

Why not simply decrease leverage dramatically and trade something like SPYs off longer time frames? Problem solved :)

Sometimes it's as simple as that :) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1775818>

+7.25 don't like 1 min, agree with Apex I must admit 10 min still looks proper for a long, can't wait for it any longer, pub mates await :) Best to all!

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1775091>

Long 1383.5 off 10 Scaled out +2.75

Stopped out on Gold little over -.50c fDAX short still open, but it doesn't look like it's going to give 1/3 b/e

Short off 7000 Scaled out +13.5 miniature DT? YES ImO if 10 min bar closes below 6976 we might head to 6937 Short Gold now also, stop about a buck

I see, I read some of his later posts about his revised method, my thoughts on it at the time was that it sounded a bit complicated, unless we have it down to a tee like Maestro has his computers doing the number crunching for him ImO we need something less sophisticated. Anyway, all the best...

TY A! I only made that decision due to proximity to yesterday's HOD and when I saw that bearish formation on 1 min chart I thought to myself - why not?

1/3 covered +14.75 <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1773768>

It certainly has been a tough afternoon, apart from last 2 trades I've had a very good day. We don't get days like today that often, so it's OK, just accept losses and move on. Short 1385 off 1 Yahoo! Scaled out +7 Shit! Jeez, it really is like a box of chocs sometimes, my God!