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EON, Agree with you about whats on the left. I posted with the assumption that this is a new issue and there is no data on the left. Lets also mention the "character" of price while we're at it. I would like to add that prior to entering a pullback if your signal is a 3br such as...

Thought I would start something that's interesting to me from a trading POV. There is a lot of talk in all trading circles that 3 pushes or 5 waves are classic reversal patterns. While I agree (depending on the timeframe you are watching), I have also noticed something else. Given the...

Mr. Sam, I do not have much to give you other than a solution to your stop outs with the tails. You currently make more than me, but I see an opportunity to help. When trailing your stop, go through prior retracements and guage their average length. Add 25-50% on top of this average...

+100 on Rick. Also, 3 strikes rule is nice... many ways to apply it. Not that a setup cant take 3 losses, but heres a hint, if your setup keeps losing on a instrument, change the setup or change the instrument. Performance of the same system on every market will not be the same...

Your post doesn't seem to relate to market behavior, only yourself in context to the market. Perhaps you could spend 6 months willing to learn from the market, leaving your opinions at the door?

The good news is, you are what you think about all day long. The bad news is, you are what you think about all day long.

Find one thing that works. Im sure you already know at least one thing that works 35-60% of the times. Augment the risk per play to a point where you are comfortable taking the amount of losses bound to happen over the course of 1000 trades. (run a few monte carlo sims) If your R/R isnt...

Konviction... I am not sure if you are looking for any advice in this journal or not, but that in no shape was a short sell imho. If you are using pitchforks consider restricting them to the proper timeframe. IE, make sure the bars in the area dont add up to over 12. What this will do is...

I like! You must see the value in filtering your puppies for good behavior! Cheers :) Edit: Looked briefly, neither Tc2000 nor yahoo screener filters for sharpe. Wondering if there is some other sort I could do...

Is there any tool with TC2000 or other stock screeners that can allow me to scan for stocks with big price gains/losses month over month and year over year with little back and forth movement. What im looking for is something blasting off or tanking with short retraces.

Agree with this post. Stops adjust based on volatility and behavior of the instrument you trade. Heres a quick way to check. Have your stops in the past worked on the instrument? This is minimal homework imho before trying to implant the way you work on any market. The market should...

Perhaps, we understand differently what OP is trying to do. I understand the thread is about adding to an existing position. So, it's not about a high-probablilty set-up for opening a position. I assume by the time the OP is trying to add he already has a position in the black. Hence...

No averaging down, a few comments: 1) stop adding below 50% (if there are no major trend pivots). Obviously, subjective rule, but then again, thats the trick of the method in the first place to know when the trend is still valid. 2)Yes I agree with most positions will be on small size...

Thanks for all the responses. Yes, BMWHendrix, I do believe that is what Anek has suggested as a method of adding with the trend :). The plus side to adding like crazy when you hop on a trend is that you can theoretically start real small (.25%) and if you get a few adds on a trend at the...

For a long time I've had an idea for a strategy and I will share most of it here. I don't feel that there is anything to lose edge wise, because it is not an edge. Most people don't really know what a pivot is and the most challenging part is always the exit. Lets take any strong trend and...

You say you use profits as a buffer, but you don't close any part of position 1 when position 2 gets stopped. Perhaps this is a typo or I'm missing something" Interested in hearing the explanation, not a poke, just a question.

Hello puddles, You seem to be using Geez method to trade. I did not find an outline of it although I'm sure its probably somewhere scattered in the thread. If you are using his method, could you outline it please or point me to the post? If it is your own home brew I understand...

May I ask something, since you do not edge-based trading, but PA, how do you guage momentum will continue or stop? IE, how do you determine the proper stock to trade besides the possibility of a 5-30 cent move.

Thank you for the responses. Bill: Yes, I am not using patterns by themselves. I analyze based on context (trend) and WHERE the patterns occur.

Does anyone know some software to backtest things like 2b/2t patterns and gartley variations? I would want to specify what fibs to use, # of bars minimum and maximum to take the 2b/2t signals on and other 2br and 3br signals, profit targets based on swing highs/lows, etc. Is it possible to do...