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Interesting. I have watched volume on the indexes for some time and I am sure many here are successful in using this as a guide. I would like to start a whole new thread on this so I can have a better understanding of volume strategy. If I look at a chart of say the ER or higher volume...

How do you define the opening range. First 30 minutes?? and how long do you hold your postion?

I did not look around at all. I just spent time coding a methodology I had been using as part of my normal trading day. It is simple enough that it only took me 9000 hours or so of easy language learning. Since I am only entering one time and holding the position until close, the slippage on...

I am able to have a profitable business trading and I am grateful for this. I would not say I was overly successful at this method mainly because the following two reasons: 1) I am not able to define the trend consistently 2) I tend to take "gut feel trades" that violate my rules. I am a...

I will start... I can't believe it, but last October I began trading an automated strategy full time. I never thought I would admit this. Was a major skeptic and non-believer. It is a simple system. It trades the ER2 and takes one trade per day based on 2 simple rules. I am only in the...

I know this will be difficult, but.... I am interested in "how" everyone trades. What is your methodology/plan? I am not saying reveal your deep, dark secrets but just describe briefly your style and at least some of the good stuff associated with your attack of the markets. I live in a vacum...

Seeing this brought tears to my eyes. I am going to visit more often. Seems like such a long time ago....Happy Holidays nkhoi

Also, I do not Trade it on Fridays or on the last day of the month. Although this reduced profit slightly, the PF and %profitable improved.

Michael - My system takes trades based on conditions being met at 13:40.

Don't let them get to you. I strategy trade (automated) a version of this system with slight modifications and it accounts for a very high percentage of profits. The profit factor is extremely robust. Here was todays trade. Good luck with it.

Do yourself a favor and read Sam Sneiden's article in SFO May issue. This simple article is probably the best written word about trading I have seen in a long time. I use to fill my charts up with indicators, lines, tickers, etc. Looked like the cockpit of a 777. Funny thing is...all they...

Good info Wallace. Thanks.

Good traders can make money in any market. Doesn't matter if its currencies, indexes or ebay jewelry. Give Tiger Woods a set of $100 golf clubs and he will beat the pants off me any day of the week.

I like to trade Euro Futures on Globex CME. Commission cost is cheap. Nice way to trade overnight. Sometimes I am in a postions for a few hours, sometimes a few days. I gave up the indexes completely and I feel liberated.

I would be intested in hearing in detail how one scalps the cash FX market. Please explain and use some nice charts.

Maybe Woodie is Phantom of the Pits??

Here is my version of Bonds on Friday http://www.elitetrader.com/vb/showthread.php?s=&threadid=28736&perpage=6&pagenumber=8

Russell moved up thru the 61.8 level. It was a NEWS surge day. For anyone who trades GAP fills, this was a classic. Not much in the way of FIBO news on this one today. I just noted that price did not reach the next level and is wiggling along the 61.8% level. Bulls and Bears are fighting on the...

Well price moved up to 113 like we anticipated. The GAP filled overnight easily. Price did not reverse however, it found support at the 23.6% level and then it was off to the races. Now we would move our FIB grid around to look for a retracement of this move. More next week on this one.

I wanted to post this one because I find this situation quite frequently with the BONDS. The reversal started back towards the open GAP from yesterday, but did not fill. The GAP closed easily after yesterdays close. Same situation is there today. If the open GAP created today fills on Monday...