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I think understanding auction market theory is essential no matter what methodology you choose. Mind over Markets is an excellent way to begin.

BigMoney (Long Term Traders) watches the direction of the market in the developing hours of early session. Then once all is clear in never, never land.....they buy/sell value. It is clear as mud.

Apparently order execution remained up.....I got out at 3:58. ER2 data came back when I re-logged on. Oh boy........! This is a good lesson in automated trading. Good thing I was nearby today as I was long quite a few.

Word.

I have a question....I will probably never here the end of it for asking this, but can someone explain to me how this group is finanically profitable. There are no charges for the room, which in itself draws in new unsuspecting traders....they claim to only cover expenses for the conferences...

I agree that the CCI has "some" helpful predictive qualities. I think what is wrong is that a new trader jumps in and tries to execute the Woodie system. Just too tough a road to hoe when you are just starting. I used the CCI to help me get a snapshot of the trend and near term momentum...

I just did a search on "Woodies CCI" and got 462 pages of info. Give 'er another try Osho and something will squeeze out.

Think it was on DAX:

With all due respect to everyone...this ain't the answer. Go to a quiet place and ask yourself if it makes sense that you will just buy a system from some vendor for lots of money and be a successful trader. Take a deep breath here and be honest with yourself about this logic. Soon after you...

Okay. So you want quick action. Scalps of the wild beast. Like trying to pluck a hair off its back. It's not easy you know. It's good you identified the type of trader you are. I agree with your comment that they have a valid profit target and a specific stop loss. Every new trader needs this...

Why don't you ask specific questions about it. What have you learned so far? Why are you interested? etc. Seems to me things are a little too vague here. And just for the record....you are also Mikecazz who has posted earlier in the thread... Fire away.

I think there are mulitple personalities running around offering advice about TIMES. Everyone be careful. Reminds me of a movie I saw as a kid..."The Three Faces of EVe". Now there's a good one. Why don't they make movies like that anymore.

Quote from mikecazz: New to Minis - not to trading. Have multiple strategies I follow and always look for the best parts of others. Why whats up? -------------------------------------------------------------------------------- Are you also minitrader? Mike - Did you just post a reply...

Correction: Bonds not rolling over and playing dead:p Just having some fun here, don't take anything seriously. Life is short. I mean LONG. Long.

Up 45 pts. Bonds getting ready to fall out. Here we go............................

Long 10055 :D :D :D :D

The mere fact that this type of discussion is occurring should make everyone go LONG.

I am now Long the DOW.

In my testing I used $20. One tick on each side. If I had to give you a number to test with I would say use at least $50 and if possible use $75 based on real world. My strategy only takes one trade per day if conditions are met....so slippage is not that critical (although costly at the end of...

Do you think Sam Walton made a profit the first day he was open for business? Your expectations need to be adjusted. Give yourself some time. It sounds like you have been preparing properly. You will likely be in the red for some time during your learning process. Embrace it....its part of the...